Allianz SE, Europe’s biggest insurer, said it will shrink its administrative branch network in Germany as low interest rates and regulatory demands hurt industry profitability. About 360 jobs, or about 1 percent of employees in Germany, will be affected, mainly …
Pilot screening and mental health measures aimed at preventing a recurrence of the Germanwings crash are rife with complications that will make them tough to implement, airline industry executives said this week. International Air Transport Association (IATA) Director General Tony …
Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine will pay $78 in cash …
Kroll, the risk mitigation and response solutions specialist, announced that Rt. Hon. Mark Simmonds has joined the company as senior consultant in its Africa practice. Simmonds will support African companies and governments, as well as inbound investors, with a broad …
Gen Re announced that Paul Ceurvorst will retire as CEO of Faraday in March 2016. Pietro Toffanello will become CEO of Faraday upon Ceurvorst’s retirement, subject to UK regulatory approval. Mark Rayner will continue to serve as chief underwriting officer …
A South Carolina lawmaker has introduced workers’ compensation option legislation that would allow qualified businesses in the state to offer their own injury benefit plan to employees. The state is the second one this year, after Tennessee, to introduce workers’ …
Researchers trying to figure out what makes some hurricanes strengthen into catastrophic monsters have a new lab that allows them to generate tropical storm conditions with the flip of a switch. The lab is at the University of Miami’s Rosenstiel …
The Florida agency that issues driver’s licenses has changed how clerks enter information into the computer system after two people were given licenses that wrongly labeled them sex offenders or predators. An agency spokesman on Monday provided The Associated Press …
Police say an Irondale, Ala., man stole the identities of dozens of patients at a Birmingham doctor’s office and used their credit to buy 14 automobiles worth an estimated half million dollars. Multiple news outlets report 20-year-old Charles Cheeks was …
Berkshire Hathaway Specialty Insurance Company (BHSI) and Irwin Siegel Agency, Inc. have entered into an underwriting agreement to provide insurance products for the human and social service industry. The multi-line insurance solutions are designed for a wide range of organizations, …
