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Risk Strategies Acquires New Jersey’s Corrigan Johnston Risk Advisors
Risk Strategies, a national specialty insurance brokerage and risk management firm, acquired Corrigan Johnston Risk Advisors, an all-lines brokerage focused on transportation-related industries. Terms of the deal were not announced. Headquartered in Basking Ridge, New Jersey, Corrigan Johnston was founded …
POSTED OCTOBER 27, 2021 1:43 PM |
UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP
NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a commercial insurance broker with specialization in combined risks for complex and non-standard programs. KGJ provides exclusive program facilities as well …
POSTED OCTOBER 27, 2021 1:43 PM |
Connecticut Seeks Disaster Declaration for Flooding Caused by Ida
Connecticut Governor Ned Lamont has submitted a request for a major disaster declaration to the Biden administration, seeking federal funds to help Connecticut recover from damage caused by the remnants of Hurricane Ida. The September 1 storm dumped as much …
POSTED OCTOBER 27, 2021 1:36 PM |
Ex-Liberty University Spokesman Says He Was Fired for Raising Concerns
A former spokesperson for Liberty University is suing the evangelical Virginia school after being fired, alleging in a lawsuit that his termination came in retaliation for voicing concerns that sexual misconduct accusations were mishandled. Scott Lamb, a vice president-level executive …
POSTED OCTOBER 27, 2021 1:34 PM |
Aston Lark Acquires Birmingham Broker Bainbridge Collins
London-based Aston Lark reported it has acquired Bainbridge Collins Ltd., a Midlands independent insurance brokerage focused on the mid corporate sector. Led by Cyril Gallagher, Bainbridge Collins was established more than 30 years ago in Birmingham. In addition to offering …
POSTED OCTOBER 27, 2021 1:30 PM |
Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises
While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a relatively few startups. For example, in the second quarter, more than two-thirds of the total capital raised went …
POSTED OCTOBER 27, 2021 1:08 PM |
As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions
Insurers traditionally have offered protection against strikes, riots and civil commotion (SRCC) at no extra cost, but the increased frequency and severity of these risks means property insurers have begun excluding events of social unrest from policies, according to a …
POSTED OCTOBER 27, 2021 12:53 PM |
These Women Are Fighting Cyber Crime and Cybersecurity’s Gender Divide
Growing ransomware attacks aren’t the only issue concerning the cybersecurity industry today, according to experts on this episode of The Insuring Cyber Podcast. Another concern within the cybersecurity workforce is the gender gap. “I do believe that whatever we have …
POSTED OCTOBER 27, 2021 12:00 PM |
Ping An Insurance Profit Falls 31.2% as Returns, Premiums Shrink
SHANGHAI/BEIJING — Ping An Insurance Group Co of China Ltd., the country’s largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy and profit was dented …
POSTED OCTOBER 27, 2021 11:46 AM |
Global Minimum Tax Proposal Could Create Double Taxation for Some Insurers: AM Best
Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for some insurance companies, according to an AM Best commentary. The Organization for Economic …
POSTED OCTOBER 27, 2021 9:02 AM |
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