Fraser McLachlan, current chief executive of GCube, has been appointed chairman of TMGX. Ben Kinder, chief underwriting officer for marine, energy & renewables at Tokio Marine HCC International (TMHCCI), will serve as TMGX’s CUO in addition to his existing responsibilities at TMHCCI.
The lawsuits come amid growing instability in the state’s property insurance market, where several insurers have scaled back offerings or exited the market altogether, citing increased wildfire risk, rising claims costs, and regulatory constraints. Source link
In a separate transaction, Doxa Insurance Holdings acquired R.V. Nuccio & Associates (RVNA), an MGA that specializes in event-related coverage across entertainment, sports, leisure, recreation, and nonprofit sectors. The acquisition, completed on February 29, 2024, represents Doxa’s entry into a new market segment. Terms of the deal were not disclosed. Founded in 1990, RVNA offers…
With new home sales finishing 2024 2.5% higher than the previous year—and modest growth projected for 2025 thanks to steady macroeconomic conditions and a strong labor market—opportunities for home builders and general contractors continue to expand. However, with more projects comes greater exposure to risk. From water damage and jobsite accidents to claims tied to…
House Bill 1842, sponsored by Rep. Mark Lepak, would amend Section 13 of the Workers’ Compensation Code (85A O.S. §13) to bolster coverage for mental health injuries — particularly PTSD — incurred by law enforcement officers, firefighters (paid or volunteer), and emergency medical technicians. While PTSD is already a recognized injury for first responders under…
