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Apollo’s Aspen Insurance Raises $397.5 Million in US IPO
Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, compared with its targeted range …
POSTED MAY 08, 2025 2:14 PM |
Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles
U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. Key questions remain unanswered: Will it work? …
POSTED MAY 08, 2025 2:08 PM |
People Moves: Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe; Sompo Int’l Holdings Names Walsh as Independent Non-Exec Chair
Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Typhaine Beaupérin as client leader, Risk Management, Europe, effective end of June 2025. Based in Brussels, Beaupérin will …
POSTED MAY 08, 2025 1:55 PM |
Jury Awards $3M for Defective Airbag That Seriously Injured Florida Man
MIAMI (AP) — A South Florida jury has awarded $3 million to a man who was severely injured by a defective airbag in a 2020 crash. Miami-Dade jurors reached a verdict for Jose Hernandez on Thursday, according to court records. …
POSTED MAY 08, 2025 1:45 PM |
Markets/Coverages: CFC Launches Simplified Intellectual Property Product
CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of up to …
POSTED MAY 08, 2025 1:23 PM |
Family Sues Over Florida Deputy’s Shooting of Airman at Apartment
The family of a U.S. airman who was shot by a Florida sheriff’s deputy inside his own home sued the deputy, the sheriff and the owner of the airman’s apartment complex on Tuesday, saying they want to ensure people are …
POSTED MAY 08, 2025 1:22 PM |
Zurich Insurance Property/Casualty Revenue Rises in 1st Quarter; Targets Affirmed
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer by market capitalization said in a statement that rate …
POSTED MAY 08, 2025 1:06 PM |
Update: Engineer Report Showed Clearwater Condo in Good Condition Last Fall
A recent engineering report on a 46-year-old condominium building in Clearwater found no significant structural problems before cracks were found in a concrete support column this week, according to local news reports. The Tampa Bay Times and other news sites …
POSTED MAY 08, 2025 1:03 PM |
Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal
Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal finishes his term on …
POSTED MAY 08, 2025 11:23 AM |
Teenage Basketball Players Among 8 Killed in Kansas Highway Crash
Two teenage basketball players, a coach and a trainer from the Tulsa, Oklahoma, area who were on their way back from a tournament were among eight people killed in a fiery head-on highway crash in eastern Kansas. Authorities said the …
POSTED MAY 08, 2025 8:00 AM |
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