US / Americas

Cyber attack disrupts operations at Seattle-Tacoma International Airport

Seattle-Tacoma International Airport has slowly begun restoring operations following a cyber attack that disrupted the facility over the weekend.

Vanbridge adds Aon’s Cuan as managing principal and tax liability practice leader

Epic-owned Vanbridge has hired former Aon senior vice president Osmel “Oz” Cuan as managing principal and tax liability practice leader.

Falfurrias invests in VA-based cybersecurity company Moxfive

Middle-market private equity firm Falfurrias Management Partners has invested in Moxfive, a cybersecurity company based in McLean, Virginia.

CatIQ: Jasper wildfire insured losses estimated at C$880mn-plus

Insurers are facing losses of at least C$880mn ($654mn) from the wildfire that tore through parts of the municipality of Jasper, Canada, and Jasper National Park earlier this summer, according to an initial estimate from Catastrophe Indices and Quantification.

AIG parts ways with AIGRM head Matt Edelheit over expense report disparities

AIG has parted ways with the head of its risk management unit Matt Edelheit over what are understood to be matters relating to expense reporting, The Insurer can reveal.

ISC brings in Hiscox USA’s Gonzalez to support Abacus growth

Integrated Specialty Coverages’ entertainment and event focused MGA Abacus has hired Ashley Gonzalez from Hiscox USA in a move designed to expand its distribution and enhance its penetration with existing brokers.

Distinguished Programs adds WRB’s Mehyo to fine arts program team

Distinguished Programs has brought in Ashley Mehyo from Berkley Asset Protection as vice president of claims for its fine art and collectibles program.

Emerald Bay’s newly acquired Mainsail gets A- FSR from AM Best

Emerald Bay Risk Solutions’ recently acquired Mainsail Insurance Company has been assigned an A- financial strength rating by AM Best with the designation reflecting its new parent’s “very strong” balance sheet strength and “adequate” operating performance.

LA-based retailer The Liberty Company adds Dyer as vice president, producer

The Liberty Company Insurance Brokers has appointed Pierce Dyer as vice president, producer, based in Seattle and operating from the Woodland Hills, CA office.

Facing the challenge of rising cyber breach litigation

Cyber breaches have become the latest honeypot for the US plaintiff bar. Jim Blinn, vice president, client solutions at Zywave, looks at the impact on the insurance industry.

Lockton Re taps Guy Carpenter’s Ferrier for West Coast expansion

Lockton Re has bolstered its San Francisco office with the appointment of Andrew Ferrier as senior broker to oversee the build-out of the firm’s West Coast P&C business.

Foray brings new transportation and builders risk programs to market

Foray Specialty has secured capacity support for a new transportation program that can be offered in every US state bar Alaska and Hawaii, while the wholesaler has also brought a new builders risk offering to market backed by US and Lloyd’s insurers.

Roosevelt Road Specialty adds NSM’s Smyth as Renaissance Specialty CUO

Roosevelt Road Specialty has brought in NSM Insurance Group’s Chris Smyth and appointed the latest addition to its expansive roster as chief underwriting officer for its sports, leisure and entertainment-focused MGU Renaissance Specialty Insurance.

US insurance composite up 1.9% after late rally amid Fed interest rate comments

The North American insurance composite, compiled by investment banks Stonybrook Capital and Weild & Co, was up 1.9 percent last week and remains in record territory with all but two of the 11 industry groups tracked by the index up during the period.

Incarnation Specialty brings in Falvey’s Shaikh as COO

Incarnation Specialty Underwriters has added marine market veteran Juanita Shaikh to its growing team, with the recruit moving to the Steven Weiss-led start-up MGA from Falvey Insurance Group.

SPG’s Encore Fiduciary begins offering ML coverage with Coverys capacity

Specialty Program Group’s Encore Fiduciary division has expanded its core fiduciary insurance focus to offer management liability coverage for private and not-for-profit companies with the new offering backed by capacity from Coverys Group.

Nexus launches Bentele-led US alternative risk transfer business

Nexus Underwriting, the specialty MGA platform of Kentro Capital, has launched a new alternative risk transfer business in the US, led by Christof Bentele.

YA Group gets majority investment from PE firm THL Partners

International professional services specialist YA Group has received a majority investment from private equity firm THL Partners, which will be used to accelerate its growth through strategic investments and acquisitions.

PCF acquires Las Vegas-based agency 360 Insurance

PCF Insurance Services has acquired the insurance business of Las Vegas-based 360 Insurance, marking its fourth deal announced in the past month.

Alliant adds Hub’s Cormier as SVP within Americas division

Alliant Insurance Services has appointed former Hub International vice president Todd Cormier as senior vice president in its Alliant Americas division.

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