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Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks
Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m afraid,” …

POSTED SEPTEMBER 24, 2019 7:52 AM
BHSI Opens Office in Spain, Names Almazan from RSA as Country Manager
Berkshire Hathaway Specialty Insurance (BHSI) announced that it has further expanded its global footprint, opening a new office in Madrid, naming Ignacio Almazan as country manager for Spain. BHSI will initially underwrite property, casualty, financial lines, construction and engineering insurance, …

POSTED SEPTEMBER 24, 2019 6:35 AM
Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit
Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities written out of its Irish, French, …

POSTED SEPTEMBER 24, 2019 6:30 AM
Rethinking the Limits of Parametric Insurance
It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades. It’s traditionally been applied to events like natural …

POSTED SEPTEMBER 24, 2019 6:30 AM
Monarch E&S Insurance Services Opens Florida Branch
Monarch E&S Insurance Services, a division of SPG Insurance Solutions, a full-service MGA and wholesale broker, has opened a new branch in Florida. The new branch is part of the company’s plans to expand its reach nationwide. The Southeast branch …

POSTED SEPTEMBER 24, 2019 5:04 AM
How Medical Community Can Overcome Error of Its Ways in Opioids and Vaping: Opinion
When the medical community makes mistakes, it’s like shooting down a few hundred airplanes every year. That’s a dramatic metaphor that has stuck in my mind since I first heard it from a doctor, and an apt way to describe …

POSTED SEPTEMBER 24, 2019 5:00 AM
Canal Insurance Co. of South Carolina Appoints Rzepinski CFO
Canal Insurance Company’s board of directors has approved the addition of John Rzepinski to its senior leadership team as senior vice president, chief financial officer and treasurer, effective Sept. 16, 2019. Rzepinski most recently served as the CFO of CapSpecialty, …

POSTED SEPTEMBER 24, 2019 4:27 AM
Insurers Join Call for Climate Action at U.N. Summit
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors. German insurer Allianz, the California Public Employees’ Retirement System (CalPERS), …

POSTED SEPTEMBER 23, 2019 11:48 PM
Hub Acquires Assets of Colorado-Based Inter-Mountain Retirement Partners
HUB International Ltd. has acquired the assets of Denver, Colo.-based Inter-Mountain Retirement Partners Inc. Terms of the deal were not disclosed. Chad J. Larsen, president and CEO Inter-Mountain, will join Hub Colorado. Inter-Mountain has a second office in Salt Lake …

POSTED SEPTEMBER 23, 2019 8:30 PM
Liberty Company in California Names Caswell Director of Information Technology
Los Angeles, Calif.-based The Liberty Company Insurance Brokers has named Roy Caswell executive vice president and director of information technology. Caswell started in the insurance industry in 1992 working at American National Insurance before running his own agency. He has …

POSTED SEPTEMBER 23, 2019 8:25 PM

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