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People Moves: Rivera Appointed CEO of Marsh McLennan LATAM/Caribbean, Brockman Named Chair; HDI Global Taps AGCS’s Strasser as Board Member for Specialty Lines

by | Oct 31, 2024 | Uncategorized

This edition of International People Moves details appointments at Marsh McLennan Latin America and HDI Global. A summary of these new hires follows here. Rivera Appointed CEO of Marsh McLennan LATAM and Caribbean, Brockman Named Chair Insurance broker Marsh McLennan...

‘Pivotal’ Q3 Sees Insurtech Root Achieves Net Income Profit for the First Time

by | Oct 31, 2024 | Uncategorized

For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23 million compared to a net …

TPG’s Exactech Goes Bankrupt After Lawsuits Over Recalled Implant Devices

by | Oct 31, 2024 | Uncategorized

Exactech Inc., a maker of joint-replacement implants owned by TPG Capital, has filed bankruptcy after being accused in more than a thousand lawsuits of making defective hip and knee implants that hurt patients. The Florida-based company sought court protection Tuesday...

New York Reduces Workers’ Compensation Assessment Rate for 2025

by | Oct 31, 2024 | Uncategorized

New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from 9.2% in 2024. The Hochul …

Companies Boost Social and Climate Reporting Amid ESG Backlash

by | Oct 31, 2024 | Uncategorized

Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend shows the importance investors and regulators now place on...

Markets/Coverages: Howden Launches Cyber Ins. Solution with Chubb, LSM and Mosaic

by | Oct 31, 2024 | Uncategorized

Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement process by reducing the number of questions...
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