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Alliant Insurance Services Forms Alliant Mergers & Acquisitions in New York City
Alliant Insurance Services has formed a new brokerage service vertical, Alliant Mergers & Acquisitions. Falling under the Alliant Specialty retail umbrella, Alliant Mergers & Acquisitions will provide expertise to private equity firms and alternative asset investors to ensure transactions are …

Sentinel Marine Underwriters Hires Chung in New York City, Klein in Baltimore
Sentinel Marine Underwriters (SMU), a specialty managing general agency that is part of AmWINS Underwriting and is dedicated to providing cargo-in-transit and cargo stock-throughput insurance for a variety of insureds in the global manufacturing, wholesale and retail trade industries, has …

Startup Agency Zeguro Helps Businesses Manage Cyber Risk and Insurance Premiums
Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways. The San Francisco-based managing general agency describes itself as an “end-to-end cyber safety platform and insurance provider.” Its new platform includes …

New York Finds $1B in Hidden Transfers by Purdue Pharma’s Sackler Family
The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York’s attorney general contends in court papers filed Friday. New York – asking a judge to enforce subpoenas of …

Amazon Under Scrutiny Over Claims of Unsafe Conditions for Delivery Drivers
Three U.S. senators on Thursday said Amazon.com Inc should stop working with delivery contractors that violate labor laws by imposing unfair conditions on drivers delivering packages for the e-commerce company. The senators, in a letter to Chief Executive Officer Jeff …

POSTED SEPTEMBER 16, 2019 12:50 PM
Facing Thousands of Opioid Lawsuits, Purdue Pharma Files for Bankruptcy Protection
OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. Purdue’s board met Sunday evening to approve the long-expected bankruptcy filing, …

POSTED SEPTEMBER 16, 2019 12:35 PM
Bankrupt Philadelphia Refinery Expects $50M Advanced Insurance Payment
Insurers of a fire-damaged Philadelphia refinery have indicated they would make a $50 million initial advance payment in connection with a June blaze that led to the plant’s closure, court documents showed. The infusion of funds would buy cash-strapped Philadelphia …

POSTED SEPTEMBER 16, 2019 12:35 PM
Electronic Marketplace AkinovA Donates Data Assets to ACORD for Industry Standards
AkinovA, the independent electronic marketplace for the transfer and trading of re/insurance risk, has donated key insurance linked security (ILS) data assets to ACORD, the global standards-setting body for the re/insurance industry,. The donated assets include data definitions and collection …

POSTED SEPTEMBER 16, 2019 10:52 AM
RSA Ireland Names Thompson from Insurance Ireland as CEO
Kevin Thompson has been appointed chief executive of RSA Ireland after being approved by the regulator Central Bank of Ireland. He will replace Ken Norgrove, who is moving to the role of CEO of Codan/Trygg-Hansa, RSA Group’s Scandinavian business. Thompson …

POSTED SEPTEMBER 16, 2019 10:00 AM
VIBE Syndicate Mgmt Closes Accident & Health, Property Direct & Facultative Units
VIBE Syndicate Management (VIBE), announced the closure of its Accident & Health and Property Direct & Facultative (D&F) business units with immediate effect. “As we continue our strategic review of the VIBE business we have decided to cease underwriting new …


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