American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The company will no longer have Commercial and Consumer segments. Instead, General Insurance and Life & …
The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance payouts. And many victims of this year’s storms in Texas, Florida and elsewhere should brace themselves for a similar fight, …
S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook. The rating on ORESA is based on an explicit guarantee provided by Odyssey Reinsurance Co., which has an ‘A-‘ …
Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on Thursday. The first death occurred in the morning at a residential high-rise construction site in the financial district. Juan Chohillo …
Authorities say a New York woman who was pulled unconscious from rough waters at a New Jersey shore beach this week has died. Asbury Park police say 42-year-old Erin Higgins, of Harriman, and 54-year-old Ronald Renshtie, of Wallkill, New York, …
AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon Pearce. AFL’s energy practice will serve both AFL’s clients and customers from other independent brokers connected to AFL through the …
A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at …
The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity” of 20 trillion pounds ($27.1 trillion) of existing derivative contracts. The BOE’s Financial Policy Committee said on Monday that after …
Atlanta, GA, September 25, 2017 — The Blue River Underwriters’ Fire Sprinkler Elite program launched a free online safety portal to provide risk management resources for its fire sprinkler contractors’ insurance program participants. As the only program endorsed by the …
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems “systemically important.” The Financial Stability Oversight Council convened Friday to potentially remove …
