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W.R. Berkley Corp. said that on June 9 its founder and executive chairman William R. Berkley died at the age of 80. William R. Berkley founded the Greenwich, Connecticut-based commercial property/casualty insurer in 1967, building it into a Fortune 500 and S&P 500 company with an A+ financial strength rating from AM Best. The company has appointed his son, W. Robert Berkley, Jr., as chairman, effective immediately. “My father was more than an extraordinary leader and entrepreneur, whose vision and values shaped the company,” said Berkley. Jr. in a statement. “He was a father, best friend, and mentor to me…

Australian insurance broker Steadfast Group Ltd. received an indicative offer from US specialty insurance distributor Amwins Group Inc., and private equity firm Dragoneer Investment Group LLC, that sent its shares surging by a record 36%. The conditional, non-binding cash offer of A$6 per share ($4.21) announced Wednesday is a nearly 52% premium to the stock’s Tuesday closing price, giving the company an enterprise value of about A$7.7 billion, including debt, according to Sydney-based Steadfast. The move follows two lower offers from the consortium for the company, Steadfast said. Dragoneer intends to take ownership of Steadfast’s retail brokerage business, while Amwins…

UK authorities pleaded for calm following a knife attack in Belfast that led to the arrest of a Sudanese national and prompted protest calls from the far right. Video circulating online of the late Monday attack appeared to show the assailant stabbing at his victim’s head before being beaten away by passers-by, one of them using a hurling stick. With the victim hospitalized in serious condition, Prime Minister Keir Starmer condemned the incident as “horrific” and “abhorrent.” The horrific attack in Belfast last night is sickening. I have absolutely no tolerance for abhorrent scenes of violence like this on our…

The US and Iran exchanged strikes overnight after President Donald Trump retaliated against Tehran for shooting down an American Apache helicopter.The skirmishes further jolted a two-month-old truce and exposed the fragility of talks between the warring sides aimed at securing a lasting peace in the Middle East. The US military said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz. Iran’s Islamic Revolutionary Guard Corps launched missiles on four American targets, including shelters housing F-35 fighter jets and a command center for the US military…

As the UK moves from a record-hot May into an unseasonably wet June, the risk of flooding is being exacerbated by a proliferation of paved gardens, according to the country’s flood insurer of last resort. The trend — often a quick fix to create space to park cars or to make garden maintenance easier — is emerging as a major factor in predicting how badly floods will affect homes. The more asphalt and the less spongy vegetation and natural ground, the bigger the risk. The conventional wisdom is that “lower maintenance is better,” says Kelly Ostler-Coyle, director of corporate affairs…

Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by the Supreme Court. Judge Richard Eaton of the Court of International Trade in Manhattan has framed the hearing as a negotiating session to sort out what needs to be done to return the remaining chunk of the $166 billion in illegal tariffs. “All of the substantive law in this case has either been decided by the Supreme Court, or is…

Inszone Insurance Services acquired Professional Insurance Strategies LLC in Arizona. Founded in 2006 by Gary Hanson, Professional Insurance Strategies was built to serve complex, niche industries. The firm specializes in the construction and public transportation sectors. Sacramento, California-based Inszone is an insurance brokerage firm offering a range of property/casualty and employee benefits services. Topics Mergers & Acquisitions Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

A federal arson trial began this week for the man accused of sparking last year’s deadly Palisades Fire as the area struggles to rebuild and the aftermath reverberates through the Los Angeles mayor’s race. Jonathan Rinderknecht, 29, appeared in court for jury selection wearing a white shirt and blue tie, having pled not guilty to starting what became one of the most destructive wildfires in California history. Prosecutors say Rinderknecht started a fire on Jan. 1, 2025, and it burned undetected deep in root systems before flaring back up on Jan. 7. The Palisades Fire ultimately killed 12 people and…

Stellantis is recalling more than 1.3 million Jeep SUVs and trucks worldwide over fire concerns and is urging owners to park outside and away from structures or other vehicles until a fix is completed. In a filing with the National Highway Traffic Safety Administration on Tuesday, Stellantis said the recall covers 2021 through 2025 model year Jeep Wrangler SUVs and Jeep Gladiator trucks over an electrical connection issue in the electric hydraulic power steering pump wiring. The automaker said the issue could in rare circumstances cause combustible materials to overheat, potentially leading to a vehicle fire. A loose electrical connection…

Nashville residents will likely remember the massive fire—one year ago today—that destroyed the downtown library’s parking garage, totaled dozens of vehicles, and left the library closed for months. Travelers Excess & Surplus Lines, which had provided a multimillion-dollar policy for the Nashville metro area government, now believes the 6th Avenue fire was the result of improper storage of combustible materials in an unauthorized, flammable storage shed—not to mention smoking by nearby workers—caused the massive blaze. Travelers, which paid the policy limits after the fire, last week filed a $10 million subrogation lawsuit against a non-profit organization that manages downtown business…