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Steadfast Group Acquires Novum Underwriting Partners
Steadfast Group has announced its acquisition of a majority stake in US-based specialty managing general agency and wholesale brokerage, Novum Underwriting Partners LLC. Founded in 2019 and based in Ohio, the business is underpinned by a proprietary technology platform, Novum …
POSTED SEPTEMBER 04, 2025 4:55 PM |
AccuWeather: Warm Gulf Water Could Fuel Storm Intensification in September
The Gulf Coast has avoided any major tropical storms so far this hurricane season, but the Gulf’s luck could soon change, AccuWeather hurricane experts say. Water temperatures in the Gulf are exceptionally warm, creating conditions for rapid intensification of storms. …
POSTED SEPTEMBER 04, 2025 4:52 PM |
Business Moves: Gallagher Re Agrees to Buy Steadfast Re in Australia; Lockton Re Launches in Dubai for Expansion in MENA Region
Gallagher Re Agrees to Buy Steadfast Re in Australia Gallagher Re, the global reinsurance broker and subsidiary of Arthur J. Gallagher, has signed an agreement to acquire Steadfast Re Pty Ltd., a Sydney-based reinsurance broking firm. Terms of the deal …
POSTED SEPTEMBER 04, 2025 4:16 PM |
Lloyd’s Reports Combined Ratio of 92.5% on Drop in H1 Underwriting Result
Lloyd’s first half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January’s California wildfires. The market’s combined ratio rose to 92.5% (compared with …
POSTED SEPTEMBER 04, 2025 3:49 PM |
Big 12 Enhances Allstate Partnership with Year-Round Championship Series
One of the top collegiate athletic conferences is doubling down on its partnership with Allstate. Allstate has agreed to a sponsorship deal with the Big 12 Conference that will give the carrier premier integration across the conference’s marquee events. Allstate …
POSTED SEPTEMBER 04, 2025 2:39 PM |
Lightning-Sparked California Fires Force Evacuations and Destroy Buildings
Several wildfires were burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The fires were started by numerous lightning strikes that hit California this week. Dubbed the TCU September Lightning …
POSTED SEPTEMBER 04, 2025 2:28 PM |
Texas Lawmakers Fail to Reach Agreement on THC Ban
The Texas House gaveled out of the second special session late Wednesday, leaving behind Senate Bill 6, which would have broadly banned consumable hemp products with any “detectable amount of any cannabinoid.” Only those with cannabidiol or cannabigerol, which are …
POSTED SEPTEMBER 04, 2025 2:07 PM |
People Moves: Allianz Commercial Appoints Stewart as North American Head of Liability; Rokstone Hires 2 From AIG to Inland Marine Division
Allianz Commercial, with U.S. headquarters in New York City, named Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will be responsible for the strategic direction and management of Allianz Commercial’s North …
POSTED SEPTEMBER 04, 2025 1:58 PM |
2 Adults Killed, 7 Children Injured in ATV Accident in Alabama Off-Road Park
Two adults were killed and seven children injured in an accident in a remote area of an all-terrain vehicle park in Alabama, authorities said. No one was wearing a harness or restraint in the off-road vehicle. The side-by-side RZR, an …
POSTED SEPTEMBER 04, 2025 1:43 PM |
Google Must Pay $425 Million in Class Action Over Privacy, Jury Rules
A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdict comes …
POSTED SEPTEMBER 04, 2025 1:17 PM |
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