Plane in deadly Alaska crash was overweight for icy conditions, NTSB says
A preliminary report from the National Transportation Safety Board said the commuter plane that crashed in Alaska, killing 10, was overweight for the weather.
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Acrisure Re US announces leadership promotions
Acrisure Re US, Ltd., the re/insurance division of global insurance and financial services provider Acrisure, has announced the promotion of Tom Deane to Managing Director, Head of Acrisure Re Corporate Advisory & Solutions, LLC. Deane will lead ARCAS US and serve as its supervisory principal, continuing to report to Ben Canagaretna, Global Managing Director of…
Howden Scotland acquires Edinburgh-based SKB Independent Insurance Brokers
Howden Scotland, part of the global insurance intermediary group Howden, has announced the acquisition of the book of business of Edinburgh-based SKB Independent Insurance Brokers Limited. Founded by CEO Satvinder Breeze, SKB provides insurance services to businesses across Scotland and the UK. SKB has been rebranded as Howden and will be integrated into the Howden…
L&G completes buy-ins totalling £785m with three pension schemes
UK insurer Legal & General Assurance Society Limited (L&G) has completed a combined £785 million buy-in with three pension schemes sponsored by Anglo American Services (UK) Ltd: The Tarmac UK Pension Scheme, the Tarmac ‘B’ Pension Scheme, and the Anglo UK Pension Scheme. The transaction secures the benefits of over 5,100 retirees and 2,500 deferred…
New evidence about dark energy may be “cusp of a major discovery”
The new findings come from the Dark Energy Spectroscopic Instrument (DESI), which sits on a telescope at the Kitt Peak National Observatory in Arizona.
The Fidelis Partnership sees GWP rise 29% in 2024
The Fidelis Partnership, a privately owned, Bermuda-domiciled managing general underwriter, has reported gross written premium (GWP) growth of 29% across the group to $4.6 billion for full year 2024. Group-wide, GWP increased from the $3.6 billion in 2023, with Fidelis Insurance Group’s GWP hitting $4.4 billion, up 23% year on year. Additionally, The Fidelis Partnership…
IUA appoints Chris Jones as new Chief Executive
The International Underwriting Association (IUA), which represents companies in the London insurance market, has announced the appointment of Chris Jones as its new Chief Executive, effective May 1st, 2025. Jones succeeds Dave Matcham, who is retiring after a 45-year career in the London Market, including 20 years as IUA Chief Executive. The appointment was confirmed…
Prosecutor probing alleged cartel killing site vows “truth will come out”
Charred bones and hundreds of articles of clothing and other personal effects were found at a location dubbed by local media as the “ranch of horror.”
BMS completes acquisition of Spanish broker Rasher
After obtaining regulatory approvals, BMS Group has now completed its acquisition of Spanish insurance broker Rasher, which specialises in surety, credit, finance and risk management solutions for corporate clients. Readers may recall BMS announcing its planned acquisition of Rasher in December 2024. At the time, the firm’s CEO highlighted strategic alignment and growth ambitions as…
JBA Risk Management integrates NVIDIA Earth-2 tech to advance flood modelling
Flood risk specialist JBA Risk Management has collaborated with NVIDIA’s Earth-2 team to integrate AI-driven weather models into its flood risk catastrophe models, aiming to improve the understanding and representation of extreme and rare events for the insurance and risk sectors. For those unaware, NVIDIA Earth-2 is a development platform that enables the integration of…