Paris-based AXA has entered into exclusive negotiation with Genworth Financial to acquire 100 percent of Genworth Lifestyle Protection Insurance (Genworth LPI), for a total cash consideration of 475 million euros. Genworth LPI is the seventh largest creditor insurance player in …
Allied World Assurance Company Holdings, AG announced that Michael Garrison has been appointed Senior Vice President of Asia-Pacific for Allied World Global Markets. He will report to Julian James, President of Allied World Global Markets, and will relocate to Singapore …
In its latest report Impact Forecasting, Aon Benfield’s catastrophe model development team states: “Global natural disaster losses during the first half of 2015, from both an economic and insured loss perspective, were each below the 10-year (2005-2014) average. “Preliminary data …
ACE Ltd., the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed. Net income increased to $942 million, or $2.86 a share, from $779 million, or $2.28, a year earlier, …
An employee at a Florida company that offers promotional vacations has been charged with stealing reservation documents and then selling the credit card information of more than 1,855 customers to two other people, Orlando police detectives said July 20. Preferred …
Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can …
New Berlin, Wis.-based risk management firm, HNI, announced it has launched the Transportation DART System, a performance management platform that captures metrics on productivity, safety and fuel efficiency for drivers and driver managers. The company said demand for performance scorecards …
The popular ridesharing service Uber has announced plans to set up a Miami headquarters. The company announced July 20 that it has signed a lease for about 9,300 square feet of office space at Brickell City Tower, located in Miami’s …
South Carolina’s Greenville Health System has settled a wrongful death lawsuit with the family of a surgical patient who died after contracting an infection. The Greenville News reported that court documents show the health care system offered $600,000 to settle …
A dispute is simmering between the ride-booking service Uber and New York Mayor Bill de Blaiso’s City Hall, an increasingly pitched disagreement playing out on smartphones, over the airwaves and in the press over a fundamental question: Who controls access …
