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People Moves: Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative, Reinsurance Solutions; Miller Launches APAC Treaty Team
This edition of International People Moves details appointments at Aon and Miller. A summary of these new hires follows here. Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative for Reinsurance Solutions Insurance broker Aon plc named Nicola Fraccalvieri as leader …
POSTED SEPTEMBER 22, 2023 11:47 AM |
Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding claims management and Lloyd’s A+ rated security have resulted …
POSTED SEPTEMBER 22, 2023 11:27 AM |
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions
The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said recently. Dorothée Mélis-Moutafis, North American brokering executive at Guy …
POSTED SEPTEMBER 22, 2023 10:46 AM |
Copper Producer Aurubis Says Metal Scam Cost It €185 Million
Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis said last month that it had discovered a significant metal shortfall, adding that it believed some of its suppliers had …
POSTED SEPTEMBER 22, 2023 7:26 AM |
RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources
Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as its deal with an arm of Japan’s Tokio Marine Holdings Inc. is set to expire at the end of next …
POSTED SEPTEMBER 22, 2023 7:09 AM |
As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
The cost to defend complaints against pharmacists to their State Board has increased more than 100% in the last decade, according to a newly released claim report published by Healthcare Providers Service Organization (HPSO), a division of Aon Affinity, the …
POSTED SEPTEMBER 22, 2023 5:13 AM |
Arthur J. Gallagher Acquires Ace Commercial in California
Arthur J. Gallagher & Co. acquired Corona, California-based Ace Commercial Insurance Center. Jackie Hoang, Anhdy Nguyen and their team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. …
POSTED SEPTEMBER 22, 2023 5:00 AM |
Family Files Suit in New Mexico over Man Fatally Shot by Police at Wrong Address
The family of a man shot and killed by police in New Mexico after they responded to the wrong address is suing the city and three officers. The lawsuit filed in U.S. District Court alleges Robert Dotson and his family …
POSTED SEPTEMBER 22, 2023 5:00 AM |
Extreme Weather Forcing JFK, Other Airports to Redesign Runways, Systems
(Bloomberg) — Airports around the world are relocating sensitive electrical equipment to rooftops to protect it from flooding, reinforcing runways to handle extreme temperature swings and revving up air conditioning as climate change complicates operations. In New York, the $19 …
POSTED SEPTEMBER 22, 2023 4:02 AM |
Texas Manufactured Homes Company Faces Lawsuit for Alleged Racial Harassment in the Workplace
A Texas manufactured homes company was sued for subjecting an employee to a hostile work environment after learning learning of his multiracial family, according to a lawsuit filed by the U.S. Equal Employment Opportunity Commission. Cavco Industries, Inc. and Palm …
POSTED SEPTEMBER 21, 2023 4:56 PM |
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