Subsidized insurance would attract investors to help rebuild Ukraine’s war-battered economy, according to the European Bank for Reconstruction and Development. “Reconstruction could start very quickly,” EBRD Chief Economist Beata Javorcik told Bloomberg Television on Friday. “I was in Berlin a …

Women’s representation in senior level positions at US companies faces an “alarming turning point,” with steady growth showing signs of fatigue for the first time in two decades, according to a new report. Women accounted for 11.8% of the approximately …

Donald Trump must prove within 10 days that the company providing his $175 million appeal bond in New York’s civil fraud case is financially capable of paying up if his legal challenges fail, the state told a judge. New York …

For the first time, a fixed-income sector — private credit — topped the list of favored assets in Goldman Sachs Asset Management’s annual survey of global insurance companies. Of the 359 executives polled, 53% ranked private credit among the top …

A lack of investment in green energy has left the world on track to overshoot the 1.5C temperature increase that scientists have defined as a critical threshold in global efforts to contain climate change. The finding was published on Thursday …

The U.S. Justice Department next week will meet with lawyers for families of victims of two fatal Boeing 737 MAX crashes that killed 346 people in 2018 and 2019, as the government decides whether to move ahead with a criminal …

Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, announced it will acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. ASU will immediately assume the management and administration of the exposures …

Wall Street’s top regulator has stayed new climate-related disclosure requirements pending judicial review, the agency said in a statement on Thursday, after criticism from across the political spectrum. The Securities and Exchange Commission’s (SEC) first-of-its-kind regulation on how companies share …

Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins benefited from last year’s “redistribution of risk” to cedents. Reinsurers are not only venturing out with increased …

The company that owns several District of Columbia professional sports teams and a major sports arena has settled its lawsuit against its insurance company over losses related to the shutdown caused by COVID-19. It was only a partial victory for …

Arrowhead General Insurance Agency Inc. in California launched a new commercial auto product. Arrowhead’s Commercial Auto is available to California customers in construction-related industries. The program includes: Contractor/construction risks. Target premium range of $2,500 to $50,000 in total premium. California …

For Vermont Mutual Insurance Group, which has been around since 1828, the past few years have been among the most challenging in its history. “The disruption was not from a single event, but a confluence of disrupters that had successive …

Hub International Ltd. acquired the assets of Pollock Insurance Inc. Andrea Pollock Wood, the firm’s owner, and the Pollock Insurance team, will join Hub Northwest. Pollock Insurance will be referred to as Pollock Insurance, Inc., a Hub International company. Established …

In the moments before the cargo ship Dali rammed into the Francis Scott Key Bridge and sent it crumbling into the water, a flurry of urgent warnings crackled over radios and enabled police to block traffic from getting on the …

WCF Insurance Promotes Co to Chief Operating Officer WCF Insurance promoted Janice Co to chief operating officer. Co will play a part in the strategic evolution, overseeing day-to-day operations across the organization. Co joined WCF in 2022 as the senior …

Weather forecasters at Colorado State University (CSU) on Thursday predicted an “extremely active” 2024 Atlantic hurricane season because of warm sea surface temperatures and less wind shear to break up storms in the summer and fall. The widely watched CSU …

Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal process and assisting with new business acquisitions. Galvan brings 13 …

Progressive Insurance is doubling up its commitment with the Cleveland Guardians. Progressive and the Cleveland Guardians this week announced a 13-year deal for Progressive to remain the official insurance provider of the Major League Baseball club and continue the naming …

This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief executive officer, effective April 1, 2024. …

An Iowa man was sentenced in March after pleading guilty to one count of Theft 3rd Degree (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Khalil Justin Crawley, age 22, of Waterloo was sentenced on March …