Wright National Flood Insurance Company said its affiliate, Wright National Flood Insurance Services, an operating company of Arrowhead Programs, has entered into an agreement to acquire the assets of Poulton Associates. Poulton, one of the top providers of private flood …
Wright Flood’s Buy of Poulton Associates to Create Largest Flood Insurance Provider Read More »
Australia’s AUB Group said on Tuesday it had granted Swedish private equity EQT exclusive access to its books after receiving a takeover offer which values the insurance broking company at A$5.25 billion ($3.41 billion). Under the proposal, EQT is offering …
Swedish PE Firm EQT Offers to Buy Australian Insurance Broker AUB in $3.4B Deal Read More »
Last Christmas, the tanker Yug cruised out of the Chinese port of Qingdao after offloading 2 million barrels of sanctioned Iranian oil. Near the Arctic, a vessel carrying Russian crude churned through icy seas, bound for India. Six thousand miles …
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing Read More »
Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU). Terms of the deal were not disclosed. SSRU is a managing general underwriter (MGU) based in Toronto, Canada, …
Ryan Specialty Agrees to Acquire Canadian MGU Stewart Specialty Risk Underwriting Read More »
Europe may soon get its first exchange-traded fund based on catastrophe bonds. An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and chief executive officer of King Ridge Capital Advisors. “This is an opportune …
Ex-PIMCO Executive Plans to Launch Europe’s First ETF Based on Catastrophe Bonds Read More »
Jamaican officials urged residents to brace for Hurricane Melissa as it tracked toward the island at Category 5 strength, packing intense rains and winds and threatening to cause widespread destruction. Melissa’s top winds are holding at 175 miles (282 kilometers) …
Hurricane Melissa Nears Jamaica as Island’s Worst-Ever Storm Read More »
Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as Hurricane Melissa barrels toward the Caribbean island as a Category 5 storm. “Based on current models there is a high chance that there will …
Catastrophe Bond Investors Told to Brace for Jamaica Payout Read More »
The Canada Pension Plan Investment Board was sued by a group of young people who claim the pension fund is putting their benefits in jeopardy by mismanaging climate-related financial risks. Aliya Hirji, Travis Olson, Ravneet Singh and Chloe Tse, who …
Canada Pension Fund Sued by Young People Over Climate Risks Read More »
PepsiCo has resolved a lawsuit accusing it of falsely marketing its Gatorade protein bars as good for you, though they contain more sugar than protein and more sugar than Snickers bars and chocolate-frosted Dunkin’ donuts. U.S. District Judge Casey Pitts …
PepsiCo Resolves Lawsuit Over Gatorade Health Bar Claims Read More »
State Supreme Court reviews of workers’ compensation cases are rare, but in Kentucky last week, the state high court handed down no fewer than three opinions – all of which emphasize long-established case law. The court ruled against an insurer …
Kentucky Supreme Court Weighs in on Three Workers’ Comp Cases Read More »
