Industry News
Executives on the Move at PLRB, Corvus, AXA XL, BHSI
The Property & Liability Resource Bureau (PLRB) announced that Bryan Falchuk has been named the company's next president and chief executive officer, effective Jan. 1, 2023. Falchuk succeeds ...
U.S. E&S Premiums Continue Growth in 2022: S&P
According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the first six months. Direct ...
Report From California Insurers Calls for More Freedom to Use Wildfire Catastrophe Models
Associations representing insurers operating in California on Tuesday released an analysis from Milliman showing wildfire catastrophe models would improve homeowners' access to insurance in the face ...
Cybersecurity Company SPHERE Receives $31M for Series B Funding
SPHERE Technology Solutions announced a $31 million series B investment led by Edison Partners, a Princeton, New Jersey-based growth equity firm, with participation from existing investor Forgepoint ...
Executives on the Move at Everspan, Liberty Mutual, Canopius
Everspan Group, a specialty property/casualty insurance platform owned by Ambac Financial Group, has appointed Steven K. Dresner as president. He succeeds Wyatt Blackburn, who has retired. Blackburn ...
Louisiana Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by insurance. The Louisiana high court announced ...
Fidelis Receives Regulatory Nod to Create New MGU, Split Business
Fidelis Insurance Holdings Ltd. announced it has received regulatory approval to create a new managing general underwriter (Fidelis MGU), which is separate from the existing balance sheet insurance ...
The Latest Launches From CNA Canada, Openly, Bdeo
CNA Canada launched Asset Managers Liability Solutions, backed by in-house claims professionals experienced in handling complex claims. The policy is available for new business quotes starting Dec. ...