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Industry News

Markel Hires Slade from Hamilton Capital as President of Its New ILS Fund, Lodgepine

Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance linked securities (ILS) fund based in Bermuda. Slade comes to Lodgepine from Hamilton Capital Partners, where he had been senior …
Arch Insurance (UK) and Marsh Launch ‘Blue Vault,’ Insurance Cover for Digital Assets

Arch Insurance (UK) Ltd., in collaboration with Marsh, the insurance broker and risk adviser, announced the launch of Blue Vault, a new solution to provide insurance protection for the secure storage of digital asset private keys held in traditional vault …
Atlantia CEO Resigns 13 Months After Fatal Genoa Bridge Collapse

Atlantia SpA Chief Executive Officer Giovanni Castellucci resigned as leader of the Benetton family infrastructure unit, 13 months after a fatal bridge collapse in Genoa sparked an investigation into maintenance practices. Castellucci, who spearheaded Atlantia’s transformation into the world’s biggest …
As Brexit Fatigue Grows, the Political Will to Prevent No-Deal Exit Is Evaporating

Brexit from afar is looking like a disaster about to happen. One European official, watching the situation up close, compared it to two cars driving at high speed toward each other with each expecting the other to swerve out of …
How Pharmacies Are Resisting Amazon’s Attempt to Corner Their Business

Getting into the pharmacy business was easy for Amazon.com: It paid $753 million to buy the mail-order startup PillPack. The hard part has been prying patients away from their local drugstore. Since being acquired by the internet giant, PillPack has …
Nationwide’s Digital Storefront Targets Small Business Market

Nationwide said it has formally launched a commercial insurance digital storefront targeted to small businesses. Small business owners will be able to use the site online directly to generate a quote and bind a policy, or do the same thing …
BHSI Taps Executives from AIG and AXA XL as Claims & Product Line Leaders in France

Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its leadership team in France, naming Katell Pouliquen as head of Claims, Louis du Ché as head of Property and Ludovic Ruiller as head of Environmental. With more than 15 years …
Comedian Sacha Baron Cohen Asks Judge to Dismiss Roy Moore Defamation Suit

Comedian Sacha Baron Cohen asked a federal judge to dismiss Roy Moore’s defamation lawsuit over a television segment that lampooned Moore in the wake of sexual misconduct allegations. Lawyers for Baron Cohen, Showtime Networks and CBS wrote last week in …
Hurricane Humberto Knocks Out Power Lines, Plunging Bermuda into Darkness

Hurricane Humberto knocked out power lines in Bermuda on Wednesday night, plunging nearly the whole Atlantic archipelago into darkness, as the storm whipped the British territory with powerful winds and heavy rain. Even as Hurricane Humberto was moving away, Miami-based …
Damaged Barge Removed After Spilling 117K Gallons of Oil in Mississippi Waterway

Crews have removed a damaged barge that spilled oil from Tennessee-Tombigbee Waterway in northeast Mississippi. U.S. Coast Guard Lt. David Schneider tells WTVA-TV that the Jamie Whitten Lock remains closed as cleanup continues and the barge’s cargo is removed. The …

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