Patricia Wells

Starting a new construction company comes with its own set of challenges, especially when it comes to securing surety credit. Many new contractors face skepticism from surety companies due to the high failure rates common in the industry. Experts say it’s crucial for new business owners to build a solid foundation before pursuing large surety … Read more

Former President Donald Trump is preparing to ask the Supreme Court to overturn a jury’s decision in a civil case where he was found liable for sexually abusing writer E. Jean Carroll in a Manhattan department store in the 1990s, as well as for defaming her. His legal team recently filed a request to extend … Read more

A federal judge has dismissed most of a lawsuit against Gannett, the largest newspaper publisher in the U.S., which claimed that the company’s diversity policies led to discrimination against white journalists. The judge rejected all class action claims, saying the plaintiffs did not provide enough proof that Gannett’s diversity efforts caused similar harm across its … Read more

Eric Judd has joined AXA XL’s energy underwriting team in New York as an executive underwriter. Bringing over 30 years of experience in insurance and energy, Judd will contribute to the company’s efforts in the Americas market. Before joining AXA XL, Judd held senior underwriting positions at Zurich North America, Liberty International Underwriters, and Starr … Read more

Apollo Global Management has settled a lawsuit against two former executives of its insurance unit, Athene Holding, just days before the case was set to go to trial in New York. The private equity firm had accused Stephen Cernich and Huan Tseng of working to start a competing insurance company. The trial was scheduled to … Read more

Firefighters are making progress against multiple wildfires in the Sierra Nevada foothills, but the flames have already forced people to leave their homes and have damaged buildings in a historic mining town. The fires, known as the TCU September Lightning Complex, started earlier this week after a series of lightning strikes hit California. These fires … Read more

Despite years of criticism from Republican leaders, environmental, social, and governance (ESG) investing remains a key strategy, according to RBC BlueBay Asset Management. Tom Moulds, a senior portfolio manager at the firm, emphasized that focusing on ESG can actually lead to better investment results. Moulds, who works with investment-grade fixed income at RBC BlueBay, which … Read more

The Alabama Department of Insurance has named Dusty Smith as its new deputy commissioner, stepping into the role as Jimmy Gunn prepares to retire after more than three decades with the department. Smith, who started with the department in 2011, has been managing the consumer services division since 2019. Beginning next year, he will take … Read more

Lloyd’s reported a mixed set of results for the first half of 2025, showing a significant drop in its underwriting profits but maintaining an overall solid financial position. The market’s underwriting profit fell by half to £1.5 billion ($2.0 billion), down from £3.1 billion ($4.2 billion) in the same period last year. This decline was … Read more

Gallagher Re, the global reinsurance broker and part of Arthur J. Gallagher, has agreed to buy Steadfast Re Pty Ltd., a Sydney-based reinsurance brokerage. The deal aims to strengthen Gallagher Re’s presence in Australia and is expected to close in the last quarter of 2025. Financial details of the transaction were not shared. Mark O’Brien, … Read more