Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender, people familiar with the matter told Reuters. …
Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report published by Fitch Ratings. “Asian regulators have implemented – or are in …
The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil’s worst-ever environmental disaster showed on Monday. The 76-page report …
Atlanta, GA, August 30, 2016 — Breckenridge Insurance Services welcomed two experienced wholesale insurance brokers to the organization recently. Augie Christian, CPCU, CIC and Jessica Lovinggood, CIC are new vice president, brokers within the growing company. The addition of Christian …
Despite frequent reports of hacking, cybercrime, security breaches and related events in all parts of the U.S., many middle market companies continue to underestimate their exposure to these attacks along with their need for focused risk management measures, which may …
A lawyer representing 17 people injured when a railing collapsed at a Snoop Dogg and Wiz Khalifa concert in New Jersey earlier this month is suing the performers and the venue’s owner. The suit filed Wednesday in Philadelphia doesn’t specify …
Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings looked at 44 insurers and reinsurers that are either publicly traded …
A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a+” for American Capital Assurance Corp (ACAC) of St. Petersburg, Fla. These rating actions follow the recent transaction …
The head of the Tennessee Occupational Safety and Health Administration says a spike in on-the-job fatalities last month is “alarming.” TOSHA administrator Steve Hawkins tells WPLN-FM four of the 10 deaths in July were on construction sites. Most of the …
Officials at Fort Bragg in N.C., say they’re expanding a driver improvement program aimed at cutting down on aggressive and dangerous driving on post. The Fayetteville Observer reports that starting Sept. 1, service members could lose their on-post driving privileges …
