MetLife. Inc. announced that David L. Herzog has been elected to its board of directors, effective immediately. Herzog most recently served as executive vice president and chief financial officer of American International Group (AIG). Herzog had been CFO since late …
Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make insurance-related bets. Mitsui also committed $100 …
Henderson Brothers Inc., an independent insurance broker headquartered in Pittsburgh, Penn., has hired Eric Brown as a consultative associate. As a member of the consultative department, Brown will provide compliance training and assistance and help to manage Henderson Brothers’ online …
USI Insurance Services (USI), an insurance brokerage and consulting firm headquartered in Valhalla, New York, has hired Brian D. Bark as president of the employee benefits practice in its Woburn, Mass., office. In this role, Bark will play a significant …
Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its scope in the U.S. Northeast. Venbrook, an …
Tesla Motors Inc.’s decision to equip all of its vehicles with self-driving hardware has intensified competition among rival camps of technology and auto companies over what equipment will be on board cars of the future. Tesla’s self-driving system will rely …
The number of traffic safety cameras to catch drivers speeding or running red lights in New Orleans could nearly double next year. The Times-Picayune reports Mayor Mitch Landrieu has proposed adding another 55 such cameras to the 66 already in …
President Barack Obama said on Thursday that his departure from office in January might be what it takes to begin to heal the political scars over Obamacare and allow for needed fixes to his signature healthcare law. The 2010 Affordable …
Serious Social Media, developer of the automated social media marketing service, InsuranceSocial.Media, and a 2016 graduate of the Global Insurance Accelerator (GIA) program, announced it has secured a second round of funding led by Iowa-based Grinnell Mutual Reinsurance Co. (Grinnell …
Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider lowering Storm Signal No. …
