Monthly Archives: <span>February 2016</span>

Zenefits Axes 250 Employees Amid Compliance Investigations

Zenefits said it will cut about 250 jobs as the human resources software startup faces investigations over compliance with state rules. The staff reductions amount to about 17 percent of the San Francisco-based company’s workforce. Government officials in California and …

Crystal & Co. Hires Wozencraft as Executive Director in New York City

Crystal & Company has hired Ann L. Wozencraft as executive director. She is based in Crystal & Company’s New York City headquarters office.

Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business

Specialist Lloyd’s underwriter Marketform announced it no longer will write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of Marketform’s general liability account. “Alongside its shareholder, American Financial Group, …

Program Specialists Targeting Emerging Risks and ‘Doing Old Things Better’

Specialists in the program business segment agree – this is a good market to be in right now. Those specialists also agree that the program business market is poised to handle emerging risks that face the industry, in fact, they …

MassMutual Emerges as Potential Buyer of MetLife Retail Group

MetLife Inc., the life insurer that is reshaping its business mix to limit government oversight, is in talks with Massachusetts Mutual Life Insurance Co. about a possible sale of MetLife Premier Client Group, the company’s U.S. adviser force. The group …

Jury Clears BP Manager of Clean Water Act Charge

A former BP manager charged with violating U.S. pollution law over the 2010 Gulf of Mexico oil spill was cleared by a New Orleans jury, thwarting federal prosecutors’ last chance to jail someone over the disaster. Robert Kaluza, a well-site …

Why Buyers, Sellers File Claims Under M&A Insurance: AIG Study

Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of M&A policies in the world. AIG …

Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020

Team8, a cyber security business foundry created by veterans of the Israeli army’s technology and intelligence unit 8200, said it closed a $23 million round of financing. Team8 plans to use the money to develop five companies over the next …

Insurance Journal TV Offers Exclusive New Videos From the 2016 PLUS D&O Symposium

San Diego, CA, February 26, 2016 – New video interview with Ryan Specialty Group Chairman and CEO Pat Ryan, along with other videos from the 2016 PLUS D&O Conference in New York now on Insurancejournal.tv. Insurance Sector Opportunities Ryan Specialty …

As UK Debate over Brexit Heats Up, Some Suggest Looking at Lessons of History

Cities don’t stay on top forever. Just look at Venice in the 15th century, Philadelphia in the 18th or even Vienna in the 19th. It’s a lesson some Londoners worry is being forgotten when it comes to the U.K.’s membership …