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Assessing Wildfires’ Impact on P/C Insurers’ 2018 Results

Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it...

The Hilb Group Acquires Massachusetts’ H.J. Knight International Insurance Agency

The Hilb Group LLC (THG) has acquired Massachusetts-based H.J. Knight International Insurance Agency Inc. (HJK). The transaction became effective December 1, 2018. HJK is a...

Drugmaker Eyes Reinsurance to Lower Costs, Reports Financial Times

Swiss drugmaker Novartis AG is considering working with reinsurers to provide alternative financing options for life-saving drugs, potentially saving substantial healthcare costs, Financial Times...

New York’s SterlingRisk Insurance Hires DelPrete

SterlingRisk Insurance, a Woodbury, N.Y.-based, independently owned insurance brokerage, has hired Geraldine DelPrete as director of programs and senior vice president. DelPrete brings more than...

How to Deliver Restaurants from Risks of Take-Out Boom

With a growing number of apps and on-demand services, millennials in particular are increasingly ordering take-out food from their favorite restaurants. As more restaurants expand...

CEO Legrand Exits Brokerslink

Global broking network Brokerslink announced the departure of Jacqueline Legrand as chief executive officer. After six years based in Europe, Legrand has resigned from her...

Arthur J. Gallagher Acquires Chicago Captive Insurance Consultant

Arthur J. Gallagher & Co. has acquired Chicago-based Captive Insurance Company Design and Operations. Terms of the transaction were not disclosed. Formed in 2002 by...

Swiss Re Corporate Names Aerni as Global Head Casualty, Financial, Professional...

Swiss Re Corporate Solutions has appointed Philippe Aerni as global head of Casualty, Financial & Professional Lines. In this expanded role, Aerni will be...

AXA XL Adds Cybersecurity Services to Cyber Insurance Program

AXA XL, a division of AXA, has added complimentary proactive cybersecurity services for its primary cyber & technology insurance clients to improve their cybersecurity...

Danish Prosecutors Charge Danske with Alleged Money Laundering Violations

Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in relation to its Estonian...

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