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Everest Appoints McKeon to Lead Both Risk Management, Commercial Casualty
Everest Insurance said that Christopher McKeon, currently vice president and head of Commercial Casualty, will add leadership responsibility for the Risk Management business unit, which focuses on customized primary casualty large accounts. Risk Management and Commercial Casualty will continue to …

POSTED OCTOBER 19, 2018 2:00 PM
Danish Insurer Qudos Ceases Underwriting, Pending Restructuring
Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring project …

POSTED OCTOBER 19, 2018 12:36 PM
Google ‘Definitely’ Interested in Other Insurtech Investments Following Applied Systems
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We really like the market,” said Jesse …

POSTED OCTOBER 19, 2018 12:21 PM
Can Go-Slow Brexit Breathe New Life into Flagging Divorce Talks?
The U.K. and the European Union are inching towards a plan that could help unblock Brexit negotiations and clear the path to a deal, raising hopes of progress after months of stalemate. While the EU summit in Brussels fell far …

POSTED OCTOBER 19, 2018 11:37 AM
Mad Cow Disease Confirmed on UK Farm – First Case Since 2015
Mad cow disease has been found on a U.K. farm for the first time since 2015, raising concern that some countries may move to limit imports of British beef. The disease, also known as bovine spongiform encephalopathy or BSE, was …

POSTED OCTOBER 19, 2018 11:10 AM
Boston Cop Who Was Shot Sues Online Gun Dealer for Negligence
Armslist, an online peer-to-peer firearms dealer, was sued on Thursday by a Boston police officer allegedly shot by a convicted felon with a gun purchased on the platform. The officer, Kurt Stokinger, argued in the complaint that the website acted …

POSTED OCTOBER 19, 2018 10:54 AM
New York Is Considering Blocking Parts of $68B CVS, Aetna Merger
New York state officials are considering blocking parts of the $68 billion merger of drugstore store chain CVS Health Corp. and Aetna Inc., jeopardizing billions of dollars in insurance premiums for Aetna. CVS and Aetna won approval from the U.S. …

POSTED OCTOBER 19, 2018 10:48 AM
Aon Forms New Ventures Group, Led by Chief Innovation Officer Goland
Aon plc announced it has formed a new unit called New Ventures Group, which is designed to increase Aon’s investment in innovative new businesses. The global unit will identify, incubate and deliver new sources of value for clients, explained an …

POSTED OCTOBER 19, 2018 10:30 AM
Merchants Insurance Group Names Winkworth to Agents Council for Technology
Merchants Insurance Group has named Customer Experience Lead Ginny Winkworth as co-chair of the Customer Experience Work Group of the Agents Council for Technology (ACT), a program of the Independent Insurance Agents and Brokers of America (IIABA). ACT helps independent …

POSTED OCTOBER 19, 2018 10:27 AM
Nearly $2M Spent Fight Over Proposed Arkansas Lawsuit Damage Limits
Supporters and opponents of a proposal to limit the damages awarded in civil lawsuits in Arkansas report spending nearly $2 million combined last month in the campaign fight over the measure. Arkansans for Jobs and Justice, the primary group campaigning …

POSTED OCTOBER 19, 2018 5:57 AM

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