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Amwins announced the acquisition of Jackson-Lloyd, a specialist MGA dedicated to occupational loss protection. Jackson-Lloyd will join Amwins Specialty Casualty Solutions (ASCS), an MGA and specialty insurance program creator, strengthening its growing accident + health portfolio with a program that has defined the non-subscriber insurance market in Texas for more than three decades. Founded in 1989 in Longview, Texas, by industry veteran Thomas Lloyd, Jackson-Lloyd is widely regarded as a pioneer in non-subscriber occupational accident programs. The company provides employers with comprehensive, cost-effective alternatives to the traditional workers’ compensation system for non-subscribers in Texas Texas and exempted employers in Kanas.…

Hilb Group announced that it has acquired a Louisiana-based property and casualty agency. Hilb did not specify the name of the acquired agency. The acquisition takes effect today and builds on the company’s growing presence in the Central region. Topics Mergers & Acquisitions Louisiana Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, plaintiffs’ attorneys said Monday. San Francisco Archbishop Salvatore Cordileone will have to write an apology letter to each survivor as part of the settlement. The settlement also requires the archdiocese to implement a series of child protection and transparency reforms, including creating a list of clergy accused of abuse, said Jeff Anderson, an attorney representing dozens of child sexual abuse victims. Related: San Francisco Archdiocese Declares Bankruptcy Amid Hundreds of Sex Abuse Lawsuits The settlement comes…

Iran said a foreign container ship ran aground while sailing through the Strait of Hormuz via an “unauthorized” route, repeating its warning that vessels should only transit the waterway in coordination with the Islamic Republic. The state TV report didn’t identify the vessel by name or specify where the incident took place. “The Islamic Revolutionary Guard Corps Navy has repeatedly warned ship captains, owners and officials of global shipping companies that any entry or exit via routes other than the authorized one in the Persian Gulf could lead to irreparable consequences,” the report said. The UK Maritime Trade Operations Centre,…

Nancy Bewlay will become American International Group’s new global chief underwriting officer in the insurer’s latest development at top leadership. Nancy Bewlay Bewlay, who was most recently group chief underwriting and pricing officer at AXA Group since 2023, will start her new role with AIG on Sept. 8. She will report to Eric Anderson, president and CEO, and she will join the executive leadership team. Anderson officially became president and CEO on June 1, succeeding Peter Zaffino, who has moved to executive chair of the company’s board of directors. AIG previously announced the succession plan in January. AIG said Bewlay…

Pine Walk, the specialist MGA platform of The Fidelis Partnership (TFP), announced the launch of Adroit Underwriting Ltd., a Bermuda-based managing general agent that is focused on US small-and-medium enterprise (SME) casualty reinsurance. Adroit aims to provide disciplined, data-driven reinsurance solutions across a broad suite of US casualty lines, including medical malpractice, cyber liability, general liability, construction (architects & engineers), public entity, D&O/E&O, and lawyers legal liability. Capacity will be provided through TFP’s Syndicates 3123 and 2126 alongside third-party carriers. The business will be led by Jeff Markowski as chief executive officer and chief underwriting officer. Markowski brings more than…

Luigi Mangione’s federal trial in the killing of UnitedHealthcare CEO Brian Thompson will now begin in January instead of the fall, a judge said Monday at a hearing that started late because Mangione got stuck in a courthouse elevator. U.S. District Judge Margaret Garnett said she was postponing the federal trial so Mangione’s lawyers can focus on his state murder trial, which is scheduled to begin on Sept. 8. Jury selection in the federal case will begin on Jan. 5, instead of Oct. 13, followed by opening statements and testimony on Jan. 25, instead of Nov. 4, Garnett said at…

Karen Crotty CRC Benefits, a division of CRC Group headquartered in Dallas, Texas, hired Karen Crotty as a benefits sales executive to lead a new Northeast-focused department serving brokers in New Jersey, New York, Pennsylvania, and Maryland markets. Hired specifically for this new role, Crotty will oversee an initiative dedicated to minimum value plans (MVP) and minimum essential coverage (MEC) plans, as well as voluntary benefit products, and alternative benefits strategies for small and mid-sized employers. With more than 35 years of insurance industry experience, Crotty brings expertise in employee benefits, carrier relationships, broker support, and client service. She most…

A passenger jet reported striking a drone while approaching JFK International Airport on Monday, and just hours later, a helicopter pilot alerted a close call with a remote-control airplane near the same airport. The Federal Aviation Administration is investigating the first incident that happened as a JetBlue plane passed through 3,000 feet (914 meters) Monday morning whit it was crossing the coastline. The plane landed safely in New York without any additional help, and no damage was found when the plane was inspected afterwards. “We collided with a drone back there in the turn,” the pilot told an air traffic…

The claimants, some of whom said they had lost tens of thousands of pounds, allege Binance entities knowingly sold investments such as leveraged products, which can amplify gains or losses, from late 2019 and promoted them in breach of the Financial Services and Markets Act. Binance, the world’s largest crypto exchange, vowed to defend itself but declined to comment further on ongoing litigation. “Binance remains committed to its obligations to users and to operating in accordance with applicable law,” a spokesperson said. The London High Court case is being brought against Cayman Islands-registered Binance Holdings, UAE-registered Nest Exchange, Zhao —…