Author: completebodyneeds

This edition of International People Moves details appointments at Howden Re and the re/insurance broker Cogent. A summary of these new hires follows here. Howden Re Launches Danish Office, Naming Ellborg as MD Howden Re, the London-based reinsurance unit of Howden, has opened an office in Copenhagen and appointed Jens Ellborg as managing director, effective Nov. 1, 2026. Ellborg will lead the expansion of Howden Re’s Danish offering, working closely with reinsurance colleagues across the region and with Howden Denmark. He will support insurers, MGAs and other market participants with reinsurance, analytics and access to traditional, structured and alternative capital.…

American International Group’s excess & surplus subsidiary Lexington Insurance has set up a dedicated financial institutions practice to support wholesale produced private company banks, asset managers, broker dealers, and others. Kevin Ware has been hired as head of financial institutions, LexPro. Ware has spent his career in the financial institutions sector, most recently as vice president at CRC Group, where he handled financial lines and specialized in financial institutions. The new practice is designed to help brokers and clients navigate that shift with specialized expertise, flexible underwriting, and tailored solutions. “Financial institutions are operating in a period of significant market…

The Hartford President A. Morris “Mo” Tooker is to succeed Christopher Swift as CEO in March 2027. Swift will transition to the role of executive chair of the board after nearly 13 years as CEO. Tooker will join the board, effective Oct. 1. Tooker Tooker has been with Hartford, Connecticut-based The Hartford since 2015, when he joined as chief underwriting officer. He has since served in successive leadership roles of increasing responsibility. He was promoted to president in early 2025 and has led business performance, strategy and enterprise-wide execution. Before joining The Hartford, Tooker served as president of General Reinsurance…

The Bank of England on Wednesday warned of an increase in the risk that interconnected weaknesses in the financial system will crystallize, highlighting the re-escalation of the conflict in Iran and increased AI-related debt issuance. Rises in oil and gas prices had led to bond yields increasing to levels not seen since 2008, the BoE’s Financial Policy Committee said. While the financial system and equity markets had so far proved resilient, the FPC warned that the danger of a sharp adjustment persists. It maintained its Countercyclical Capital Buffer – a varying buffer against financial risks – at 2%. Read more:…

Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If approved by the Connecticut Insurance Department, the new loss costs and assigned risk rates would take effect on January 1, 2027. The changes have been proposed by the National Council on Compensation Insurance (NCCI) on behalf of insurers. Insurance Commissioner Joshua Hershman today opened a 30 day period of public comment on the NCCI filing. The department has summarized the…

Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over an Illinois town, sickened residents and contaminated properties. Built in the 1950s on the outskirts of tiny Metropolis, the plant is the only facility of its kind in the US, transforming finely milled uranium ore into a gas called uranium hexafluoride, or UF₆, the key ingredient in nuclear fuel. As part of the conversion process, the plant emits radiotoxic material…

Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over an Illinois town, sickened residents and contaminated properties. Built in the 1950s on the outskirts of tiny Metropolis, the plant is the only facility of its kind in the US, transforming finely milled uranium ore into a gas called uranium hexafluoride, or UF₆, the key ingredient in nuclear fuel. As part of the conversion process, the plant emits radiotoxic material…

A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threatening transport. The Terra 2 got stuck on Monday and didn’t disrupt navigation in the area, according to a spokesperson for the police in Duisburg, which is farther along the Rhine. It has since been freed, is currently unloading vehicles at a nearby loading station, and is due to set sail again on Wednesday, said a spokesperson for Mosolf, which chartered the vessel. Water levels on the…

On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under the Unemployment Compensation Law, Temporary Disability Benefits Law, Wage Payment Law, Wage and Hour Law, Earned Sick Leave Law and the Call Center Jobs Act. The rule takes effect October 1, 2026. New Jersey employers who retain independent contractors should understand the rule’s requirements and take steps now to evaluate whether they have classified such workers properly. How Does the…

World Insurance Associates LLC announced that it acquired the business of Arctic Risk Specialists (ARS) of Toms River, New Jersey on June 1, 2026. ARS Group was founded in 2014 by Thomas Nastasi. The group provides commercial insurance, specializing in contractor-related risks with a niche in the snow and ice management sector. Terms of the transaction were not disclosed. Giordano, Halleran & Ciesla provided legal counsel to World on the transaction. Apex Business Consulting LLC provided legal counsel, and Agency Brokerage Consultants advised ARS on the transaction. World Insurance, based in Iselin, New Jersey, is ranked #14 on Insurance Journal’s…