Cooper Gay Swett & Crawford (CGSC), the independent global wholesale and reinsurance broker, announced plans to expand its Swett & Crawford wholesale brokerage business into the Latin American market. The growth strategy and investment were announced earlier this month by …
American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis. AIG, the insurer that repaid a U.S. rescue in 2012, and Prudential, which …
Australia, this year’s G20 chair, sees little consensus among the Group of 20 leading economies to take major new steps on climate change, senior official Heather Smith said on Wednesday. Smith, the personal representative or G20 Sherpa of Australian Prime …
Hurricane Arthur gained strength as it bore down on North Carolina’s Outer Banks, where some residents and visitors were ordered to evacuate as the Atlantic’s first storm of the season moved north. Arthur was about 150 miles (240 kilometers) south-southwest …
Swiss Re, the world’s second – largest reinsurer, agreed to buy a Chinese unit of RSA Insurance Group Plc as it shifts capital to regions with higher premium growth prospects. The Zurich-based company is buying Sun Alliance Insurance (China) Ltd. …
Zurich Insurance Group AG, the largest Swiss insurer, said the sale of its Russian retail unit will lead to an estimated loss of about $300 million. The insurer said it is selling the business to Moscow-based Olma Group and intends …
Saskatchewan, Canada’s biggest producer of wheat and canola, expects insurance payouts on crops to increase after floods wiped out acreage. “It’s a very large area that’s impacted, so we expect to get a number of claims,” said Shawn Jaques, the …
Private sector trade finance has not fully recovered from its financial-crisis collapse, and it is not clear it could fill the gap if the U.S. state-run export lender closes. Conservative U.S. lawmakers are clamoring to shutter the Export-Import Bank, an …
Ian Bullion was named vice president of human resources and training and development at Grinnell Mutual Reinsurance Co. Bullion joined the Grinnell, Iowa-based company in 2012 and most recently served as the assistant vice president of human resources. He previously …
Benjamin M. Harris will be joining the Utah’s Captive Insurance Division as an audit manager. Harris, a CPA, will join Travis Wegkamp, also an audit manager, in directing the examinations for the captive insurers in Utah. Harris will assist in …
