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Monica Yasutomi, operations senior vice-president and Latin America operations manager at FM, said the company would bring its philosophy of partnership, along with its capital, research, and engineering expertise, to Brazilian businesses to support resilience and protection. She described the move as a strategic step in FM’s long-standing presence in Latin America and noted that Brazil is a key market for the company.
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[ad_1] Allard joins Starwood Capital with more than 27 years of financial services experience. Most recently, he helped establish Rothesay Asset Management North America, where he held dual roles as chief investment officer and head of Rothesay North America for seven years. Rothesay, originally founded within Goldman Sachs, was later acquired by Blackstone, GIC, and…
[ad_1] Net income rose year-over-year [ad_2] Source link
[ad_1] In the Q2 edition of the Property Insurance Power Panel, catch experts from Gallagher and EPIC Insurance Brokers on reinsurance costs and preparing accounts in more significant nat cat footprint areas. They also delve into market capacity and the increased use of technology in claims assessment. [ad_2] Source link
[ad_1] The company pointed to a past federal inquiry, saying that the Department of Justice investigated the allegations, reviewed thousands of documents, and interviewed multiple witnesses before deciding not to pursue the case. It cited “significant factual inaccuracies” in the allegations as a key reason for the DOJ’s decision. [ad_2] Source link
[ad_1] Matt Brannon, who authored the report, said tariffs affecting imports from countries such as China, Canada, Mexico, Japan, and Vietnam will disrupt the construction supply chain and add to repair costs. He noted a similar outcome during the COVID-19 pandemic, when material shortages and price hikes also contributed to higher insurance rates. [ad_2] Source…
[ad_1] A newly introduced bill in the Illinois General Assembly aims to significantly alter the regulatory oversight of the title insurance industry. Senate Bill 2648, introduced by Sen. Bill Cunningham, proposes shifting enforcement authority from the Department of Financial and Professional Regulation (IDFPR) to the Department of Insurance (DOI). This strategic move could streamline insurance…
