More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects overseas, China’s insurance regulator said. The new firm, China …
A former partner at consulting firm McKinsey & Co has been arrested on charges that he engaged in a scheme to submit fraudulent invoices and expenses to the company and clients, including State Farm, for more than $890,000. Navdeep Arora, …
A magnitude 6.7 earthquake hit northeast India near its border with Myanmar and Bangladesh on Jan. 4 at 4:35 a.m. local time, about 29 kilometers (18 miles) northwest of Imphal, the capital of Manipur state, according to catastrophe modeling firm …
Guy Carpenter & Co. has appointed of Matthias Meyenhofer as managing director to lead the firm’s Global Partners client segment for EMEA. He will be responsible for improving and expanding the range of services provided to large clients across the …
The El Niño that disrupted weather worldwide last year has peaked. Now forecasters are predicting what may be next for the world’s climate. A number of El Niño-Southern Oscillation indicators suggest that the 2015-16 El Niño has peaked and weather …
Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit the United Kingdom on …
Willis Towers Watson Public Limited Co. began operating today following the successful completion of the merger of Willis Group Holdings and Towers Watson. The company, which will do business as Willis Towers Watson, is a global advisory, broking, and solutions …
Oak Brook, Ill.-based VistaNational Insurance Group Inc. has acquired Business Insurance Underwriters of Wheaton, Ill. Terms of the transaction were not disclosed. VistaNational Insurance specializes in employee benefits. Business Insurance Underwriters has been designing and servicing employee benefits programs for …
Founders Professional has promoted Jaimee Williams to professional liability broker in Chicago. Williams will be responsible for the continued expansion of Founders’ footprint in the small law firm space. Williams joined Founders Professional in 2012, and most recently held the …
Ridesharing services have started operating in Birmingham, Ala. Tom Maguire, general manager of Uber in Alabama told Al.com that users would be able to hail rides from their smartphones as of Dec. 29. Ride-hailing services such as Uber and Lyft …
