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Insurers Buy Erste SRT Deal Linked to €10 Billion Loans for M&A
Erste Group Bank AG sold a significant risk transfer linked to more than €10 billion ($11.7 billion) of loans as the Austrian bank seeks to free up capital for its largest ever acquisition. The Vienna-based lender sold the SRT to …
POSTED JANUARY 09, 2026 8:50 AM |
CRC Group Completes Acquisition of Lloyd’s Managing Agency Atrium
CRC Group, the Charlotte, North Carolina-based wholesale specialty and MGA business, announced the completion of its acquisition of Atrium, the Lloyd’s managing agency. Atrium will retain its brand name and operate independently under the leadership of CEO John Fowle and …
POSTED JANUARY 09, 2026 8:34 AM |
Japanese Insurer Sompo to Ramp Up Overseas Credit Investments
Sompo Holdings Inc. is aiming to increase investments in higher-yielding overseas credit to boost profits as traditional business flounders at Japan’s third-biggest property and casualty insurer. The Tokyo-based company moved several investment managers from its Japan insurance subsidiary to work …
POSTED JANUARY 09, 2026 8:09 AM |
Detroit Suburb to Pay Settlement in the Case of Woman Improperly Declared Dead
A Detroit suburb has agreed to a $3.25 million settlement with the family of a young woman who had been declared dead at home but then gasped for air and opened her eyes when her body bag was unzipped at …
POSTED JANUARY 09, 2026 8:00 AM |
Texas Congresswoman Wants Legal Status for Migrant Construction Workers
U.S. Rep. Monica De La Cruz promised to explore new ways for migrants to work legally in the construction industry. The Edinburg Republican announced on Monday her plans to meet with the U.S. Department of Labor, after South Texas builders …
POSTED JANUARY 09, 2026 8:00 AM |
People Moves: IICF Names Marohn Chair, McDonough Vice Chair of Board of Governors; AXA XL Promotes Stitham to CUO, Casualty, Americas
Insurance Industry Charitable Foundation Announces Marohn as Chair of IICF Board of Governors The Insurance Industry Charitable Foundation (IICF) named Steve Marohn, president, commercial lines at Grange Insurance, as chair of IICF’s board of governors. Adam McDonough, executive vice president …
POSTED JANUARY 09, 2026 7:35 AM |
Insurance Journal Opens Nominations for Annual Agents of the Year Awards
Insurance Journal is now accepting nominations for its annual Agents of the Year awards, which recognize top-performing property/casualty insurance agents and producers across the industry. The awards program highlights professionals who demonstrate exceptional expertise, leadership, and career achievement within their …
POSTED JANUARY 09, 2026 6:46 AM |
Goldman Sachs Warns US Grids Face Power Crunch by 2030
Almost all US power grids will lack critical spare capacity by 2030 as demand surges to supply data centers, with bottlenecks threatening to hand China an edge in the artificial-intelligence boom, according to an analyst at Goldman Sachs Group Inc. …
POSTED JANUARY 09, 2026 6:28 AM |
Fire Safety Inspections Lapsed for Years at Swiss Bar Where 40 Died in New Year’s Blaze
Fire safety inspections hadn’t been carried out since 2019 at the Swiss bar where a fire at a New Year’s party left 40 people dead and over 100 injured, local authorities said Tuesday. Investigators have said they believe sparkling candles …
POSTED JANUARY 09, 2026 6:05 AM |
People Moves: Patriot Growth Appoints Rogers: Alliant Adds Lowe
Patriot Growth Insurance Services, headquartered in Fort Washington, Pennsylvania, appointed Tom Rogers as chief sales officer. Rogers leads Patriot’s sales strategy and new-business growth initiatives, focusing on producer performance, sales infrastructure, and long-term, sustainable growth across the organization. Rogers has …
POSTED JANUARY 09, 2026 6:00 AM |
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