Legislation with bipartisan support that would revamp U.S. chemical safety law for the first time in decades is advancing in Congress, winning overwhelming passage in the House of Representatives as backers sought quick Senate action. Senate leadership aides said the …
The Travelers Companies Inc. announced that Greg Toczydlowski, executive vice president, has been promoted to president of Business Insurance. Toczydlowski most recently served as executive vice president and president, Small Commercial, Business Insurance Technology and Operations. Since joining Travelers in …
Crash-test dummies, who have dutifully endured thousands of simulated accidents from the front seat, are about to get a ride in the back. Regulators are making the move as part of a new emphasis on the safety of back-seat passengers, …
Billionaire investor Peter Thiel is helping wrestler Hulk Hogan bankroll his lawsuit against Gawker Media, according to a report in Forbes. Hogan, whose real name is Terry Bollea, in March won a $140 million jury verdict against Gawker in a …
Ridesharing drivers are safer drivers than the average American behind the wheel, according to research by Boston-based Aite Group. The researchers, using driving analytics data, conclude that average consumers are safer catching an Uber or a Lyft or entrusting their …
Global Risk Partners Ltd., the insurance broking and managing general agency (MGA) investment vehicle, has completed its backing of the management buyout of LONMAR Global Risks, the London-based specialist Lloyd’s broker. Originally announced last month, the transaction was subject to …
NN Group NV, the second-biggest Dutch insurer, said it will buy back as much as 500 million euros ($559 million) of shares over the 12 months from June as it returns excess capital to investors. First-quarter operating profit was little …
Marketform, the specialist Lloyd’s insurer, announce it has appointed Sharon Long to its executive team as claims director. Long’s appointment further strengthens the new leadership team that is driving the transformation of Marketform, the company said in a statement. Long …
A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re’s latest roundup of emerging risks to watch out for. Beyond those top three, the reinsurance giant covers everything from human-induced …
PartnerRe exited junk bonds and shifted funds into property as the reinsurer reshaped a $16 billion investment portfolio after being acquired by John Elkann’s EXOR SpA. EXOR’s approach is to focus on holdings that “we know and understand very well,” …
