News – Insurance Journal
|Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who …
POSTED MAY 21, 2018 9:10 PM
|XL Catlin Adds Nieves to War, Terrorism, Political Violence Team in Atlanta
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin’s …
POSTED MAY 21, 2018 4:54 PM
|Supreme Court Backs Employers on Forced Arbitration, Limiting Employee Class Actions
A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of employees. The justices, voting 5-4 along …
POSTED MAY 21, 2018 2:49 PM
|Wisconsin Family Sues Over Stun Gun Death of Mentally Ill Man
The family of a mentally ill man who died after Milwaukee, Wis.-area police officers used a stun gun on him has filed a federal civil rights lawsuit against the Village of West Milwaukee. The Milwaukee Journal Sentinel reported the family …
POSTED MAY 21, 2018 2:38 PM
|Restrictions on Cellphones While Driving Not Being Added in Louisiana
Louisiana will not be enacting a ban on hand-held cellphone use while driving. A House-backed proposal stalled in the Senate, and the regular session ended Friday without action on the bill, killing it. Rep. Mike Huval, a Breaux Bridge Republican, …
POSTED MAY 21, 2018 2:35 PM
IBR - Commercial lines News
IBR - Personal Lines News
|Endsleigh goes live with SSP’s core broking solution
UK-based insurance provider for students Endsleigh has gone live with SSP’s core broking solution.
POSTED MAY 17, 2018 11:00 PM
|DARAG, New Nordic to buy two portfolios of Qudos Insurance in first joint deal
DARAG and New Nordic Advisors will purchase two portfolios of Qudos Insurance, the control of which New Nordic acquired in 2017 through a joint cell structure.
POSTED MAY 14, 2018 11:00 PM
|Palladium Equity Partners to divest Pronto Insurance to Arthur J. Gallagher
Private investment firm Palladium Equity Partners has agreed to sell Pronto Holdco, the parent company of Pronto Insurance (Pronto), a full-service Managing General Agency (MGA), broker and claims administrator, to Risk Placement Services, a unit of Arthur J. Gallagher & Co.
POSTED MAY 10, 2018 11:00 PM
|Standard Insurance partners with Plug and Play’s insurtech platform
Standard Insurance (The Standard) has partnered with Plug and Play, a global innovation platform.
POSTED APRIL 18, 2018 11:00 PM
|IAT Insurance to buy IFIC Surety Group
Specialty property and casualty products provider IAT Insurance Group (IAT) has agreed to acquire IFIC Surety Group for an undisclosed sum.
POSTED APRIL 04, 2018 11:00 PM