AIG

Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa

Retrieved on: 
Monday, December 4, 2023

DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.

Key Points: 
  • DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.
  • Alongside those responsibilities, Meek will be involved in fostering broker relationships and identifying areas for further scalability within MENA.
  • Meek will be situated at Markel's Dubai office, reporting to Max Robbie, Senior Executive Officer at Markel Dubai.
  • Robbie commented: "We are delighted to welcome Isaac to the team here at Markel Dubai.

Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa

Retrieved on: 
Monday, December 4, 2023

DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.

Key Points: 
  • DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.
  • Alongside those responsibilities, Meek will be involved in fostering broker relationships and identifying areas for further scalability within MENA.
  • Meek will be situated at Markel's Dubai office, reporting to Max Robbie, Senior Executive Officer at Markel Dubai.
  • Robbie commented: "We are delighted to welcome Isaac to the team here at Markel Dubai.

Embrace Partners, a Minority-Owned Insurance Broker, Approved as a Wholesale Broker for Aon

Retrieved on: 
Wednesday, November 29, 2023

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- Embrace Partners, Inc. ("Embrace"), a minority business enterprise-certified, tech-driven wholesale insurance broker and managing general underwriter (MGU) of specialty commercial insurance and surety, today announced it is approved by Aon plc, a leading global professional services firm, to act as a wholesale broker in the U.S.

Key Points: 
  • NEW YORK, Nov. 29, 2023 /PRNewswire/ -- Embrace Partners, Inc. ("Embrace"), a minority business enterprise-certified, tech-driven wholesale insurance broker and managing general underwriter (MGU) of specialty commercial insurance and surety, today announced it is approved by Aon plc, a leading global professional services firm, to act as a wholesale broker in the U.S.
  • This approval enables Aon brokers, at its clients' direction, to begin placing insurance through Embrace.
  • Adding Embrace to the roster of Aon-approved wholesale brokers provides Aon clients with an opportunity to align their premium dollars and their inclusion and diversity goals.
  • "As a minority business enterprise, Embrace offers insurance buyers, brokers and carriers the ability to incorporate diversity into insurance distribution."

Parks Associates: 37% of Smart Home Shoppers Report Matter Certification Is Important in Purchase Consideration

Retrieved on: 
Tuesday, November 28, 2023

DALLAS, Nov. 28, 2023 /PRNewswire/ -- New research from market research and consulting leader Parks Associates shows 37% of US internet households currently shopping for smart home products consider Matter certification to be important or even critical in their purchase decision. This finding, from the firm's most recent Smart Home and Security Tracker research, indicates consumers increasingly value integration and interoperability across various smart devices and platforms. They prioritize the ability to control all their devices through a single interface.

Key Points: 
  • This finding, from the firm's most recent Smart Home and Security Tracker research , indicates consumers increasingly value integration and interoperability across various smart devices and platforms.
  • They prioritize the ability to control all their devices through a single interface.
  • "Consumers are increasingly looking for comprehensive offerings that go beyond hardware," said Elizabeth Parks , President and CMO, Parks Associates.
  • A virtual tour of the DreamHouse demonstrated the benefits of smart home solutions to a wide audience.

The Hanover Appoints Stephen P. Marohn President, Specialty Property and Casualty

Retrieved on: 
Monday, November 20, 2023

WORCESTER, Mass., Nov. 20, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed Stephen P. Marohn president of specialty property and casualty.

Key Points: 
  • WORCESTER, Mass., Nov. 20, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has appointed Stephen P. Marohn president of specialty property and casualty.
  • In this role, Marohn will be responsible for leading the company's excess and surplus (E&S) business, specialty industrial business, Hanover Programs, specialty general liability and Hanover Specialty Insurance Brokers (HSIB).
  • With more than 30 years of wide-ranging industry experience and an accomplished background in commercial and specialty property and casualty insurance, Marohn most recently served as senior vice president of small business at CNA Insurance.
  • "We are very pleased to welcome Steve to our company and to this important role within our specialty business," said Bryan J. Salvatore, executive vice president and president of specialty at The Hanover.

Hot Chili Continues to Expand its Costa Fuego Coastal Copper Hub in Chile

Retrieved on: 
Wednesday, November 15, 2023

The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.

Key Points: 
  • The PEA is intended to be read as a whole, and sections should not be read or relied upon out of context.
  • The technical information in this news release is subject to the assumptions and qualifications contained in the PEA.
  • The PEA was compiled by Wood Australia Pty Ltd with contributions from a team of independent qualified persons (within the meaning of NI 43-101).
  • Mr Wendlandt is a full-time employee of Wood Pty Ltd and a Registered Professional Engineer in the State of Colorado.

CANAL INSURANCE COMPANY APPOINTS NANCY LYONS CALLAHAN TO BOARD OF DIRECTORS

Retrieved on: 
Thursday, November 9, 2023

GREENVILLE, S.C., Nov. 9, 2023 /PRNewswire/ -- Canal Insurance Company is pleased to announce that Nancy Lyons Callahan will join the company's Board of Directors, effective January 1, 2024.

Key Points: 
  • GREENVILLE, S.C., Nov. 9, 2023 /PRNewswire/ -- Canal Insurance Company is pleased to announce that Nancy Lyons Callahan will join the company's Board of Directors, effective January 1, 2024.
  • Ms. Callahan is a global strategy and technology executive with more than 25 years of experience in the insurance, financial services and technology sectors.
  • Ms. Callahan also serves on the board of Midwest Holding, a life and annuities company, where she chairs the Nominating and Governance Committee.
  • "Canal Insurance Company is extremely pleased to have Nancy Callahan join our Board of Directors.

AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Wednesday, November 8, 2023

American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • AIG, as the selling stockholder, sold 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge at a public offering price of $20.50 per share, which included a 30-day option to the underwriters to purchase up to an additional 7.5 million shares.
  • The proceeds of the offering to AIG, after deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $1.0 billion.
  • The offering of common stock was made only by means of a prospectus and an accompanying prospectus supplement.

Enstar Closes Previously Announced Transaction With AIG

Retrieved on: 
Wednesday, November 1, 2023

HAMILTON, Bermuda, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed the previously announced transaction with American International Group, Inc. (“AIG”) to provide protection to AIG on its retained exposure to adverse development on Validus Re’s loss reserves.

Key Points: 
  • HAMILTON, Bermuda, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed the previously announced transaction with American International Group, Inc. (“AIG”) to provide protection to AIG on its retained exposure to adverse development on Validus Re’s loss reserves.
  • The cover became effective as of the closing of AIG’s sale of Validus Re to RenaissanceRe on November 1, 2023, when all regulatory approvals were obtained and all closing conditions were satisfied.

3D Systems Introduces New Materials & Technologies Designed to Address Broader Application Portfolio at Formnext 2023

Retrieved on: 
Wednesday, November 1, 2023

SLS 300 Expands Selective Laser Sintering Portfolio with Affordable, Turnkey, Closed-loop System

Key Points: 
  • SLS 300 Expands Selective Laser Sintering Portfolio with Affordable, Turnkey, Closed-loop System
    At Formnext, 3D Systems is formally introducing the SLS 300 (formerly the Wematter Gravity).
  • In its booth at Formnext, 3D Systems will introduce the new SLS 300 Powder Recycling Station (PRS).
  • At Formnext 2023, 3D Systems will preview the PSLA 270, a new projector-based polymer 3D printing platform.
  • Formnext attendees are encouraged to visit 3D Systems’ booth to learn more and provide early feedback on this game-changing solution.