Cooper Gay in London has appointed Charles Gibbs as managing director of marine, within the firm’s marine and aerospace division. Gibbs will have overall responsibility for the company’s marine hull business, leading Cooper Gay’s initiative to develop the marine retail …
Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2013, costing more than $483 million, according to the Insurance Information Institute (III) and State Farm, the nation’s largest writer of homeowners insurance. …
Wal-Mart has settled lawsuits with the families of 23 people who died from a 2011 listeria outbreak traced to cantaloupe grown at a Colorado farm and sold by the retailer, both sides said on Wednesday. Thirty-three people died and 147 …
Italian insurer Generali expects to meet key capital and asset sales targets ahead of time after kicking off talks with Brazil’s BTG Pactual for a possible sale of Swiss unit BSI, a central plank of its 4-billion-euro disposal strategy. Europe’s …
Tennessee could be facing the costliest state Supreme Court election in its history now that conservatives have targeted three sitting justices on the state’s highest court. Senate Speaker Ron Ramsey, R-Blountville, has been circulating a document that takes aim at …
Zurich Insurance Group AG, the biggest Swiss insurer, said first-quarter profit rose 20 percent, helped by capital gains on investments. Net income rose to $1.27 billion from $1.06 billion in the year-earlier period, the Zurich-based company said in an e- …
Insurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the department-store chain. Insurers such as Coface SA and …
AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc. ILFC, which pioneered the aircraft-leasing business under founder Steven Udvar-Hazy, is the …
Turkey’s labor unions went on strike today after at least 282 people died in the nation’s worst mine accident, which Prime Minister Recep Tayyip Erdogan said was “part of the nature of the business.” Rescue workers, battling flames and methane …
German insurer Allianz has called on its California-based asset manager, Pimco, to prove itself after investors withdrew a further 22 billion euros ($30 billion) in the first quarter, denting group earnings. Performance at Pimco, which has been an Allianz cash …
