Ardonagh Acquires Zurich-Based SRB Assekuranz Broker The Ardonagh Group, the London-based independent insurance distribution platform, announced it has acquired the Zurich-based broker SRB Assekuranz Broker AG (SRB). Founded in 1980, SRB focuses on corporate customers, primarily in the industrial sector. …
The world’s first-ever exchange-traded fund based on catastrophe bonds has failed to get the seed capital it expected after launching on the eve of the Trump administration’s tariff war. “Some of our seed capital investors are sitting on the sidelines …
World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market Read More »
Marks & Spencer stopped taking online orders in the UK and Ireland on Friday following a cyber attack which it reported earlier in the week, an announcement which sent its shares down by 5%. The British company, which sells its …
Britain’s M&S Stops Taking Online Orders After Cyber Attack Read More »
Net income at The Hartford decreased 16% to $630 million in the first quarter 2025, driven by losses from the California wildfires. Property/casualty catastrophe losses for Q1 2025 were $467 million pretax—$325 million, net of reinsurance, from the California wildfires …
California Wildfire Losses Cause 16% Fall in The Hartford’s Q1 Net Income Read More »
It’s not often that applause breaks out in the audience after a vote at the Hawaiʻi Legislature, but that one afternoon this week. The measure was House Bill 1001, and the subject was settling claims related to the August 2023 …
Lawmakers Agree to Pay $807M Into Lahaina Wildfires Settlement Fund Read More »
The family of one of three college students who died in a Cybertruck crash in California filed a lawsuit in a bid to gain access to the Tesla Inc. pickup and better understand how their daughter died. The driver and …
Father of Tesla Cybertruck Crash Victim Files Lawsuit Over Death Read More »
Britain’s water company bosses will face up to two years in prison and be banned from taking bonuses for covering up sewage spills under new legislation in force from Friday. The new measure delivers on the government’s promise to bring …
UK Water Bosses Face Up to Two Years in Prison for Polluting Read More »
Despite rain statewide this month, the New Hampshire Forest Protection Bureau reports that 72% of the Granite State is currently experiencing abnormally dry conditions. The bureau is reminding the public that spring is the beginning of the state’s wildfire season …
Heavily-Forested New Hampshire Enters Wildfire Season Read More »
At a time when firefighters are battling one of the worst wildfires in New Jersey’s history, there is an increased risk for rapid fire spread this afternoon across portions of the Garden State and eastern Pennsylvania, according to the National …
New Jersey Wildfire Update: 50% Contained; High Spread Risk Today; Suspect in Custody Read More »
Everest of Warren, New Jersey, made three key leadership appointments to the company’s U.S. wholesale business, Everest Evolution. Matt Meserole has been named head of excess casualty, overseeing the strategic direction and underwriting performance of the Everest Evolution Excess Casualty …
