Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP Paribas Cardif, for €178 million (US$213.6 million) in cash. Ageas and BNP Paribas Cardif have operated CARGEAS as a joint …
General Motors Co. on Dec. 28 won a court ruling that could reduce the private litigation it faces over flawed vehicle ignition switches, which have been linked to 124 deaths and triggered a big recall. U.S. District Judge Jesse Furman …
Randall & Quilter (R&Q) announced it has acquired Constantia Insurance Co. (Guernsey) Ltd., a captive company now in run-off, from Old Mutual plc. Regulatory approval for the acquisition has been granted and Constantia will be amalgamated into Capstan Insurance Company …
Swiss consumer protection organization SKS has filed a claim on behalf of some 6,000 car owners seeking damages from Volkswagen AG and Swiss car dealer AMAG related to the “Dieselgate” emissions scandal. The claim has been lodged with the Zurich …
When it comes to serving family and community, The Nitsche Group talks the talk and walks the walk. The Giddings, Texas-based independent insurance agency’s commitment to family, its employees, its clients and its community is so ingrained that it informs …
“The goal is to become HBO faster than HBO can become us,” the chief content officer of Netflix said four years ago. In the insurance world, InsureTech Connect Conference founder Caribou Honig thinks traditional insurers and insurtech startups are facing …
Airlines recorded zero accident deaths in commercial passenger jets last year, according to a Dutch consulting firm and an aviation safety group that tracks crashes, making 2017 the safest year on record for commercial air travel. Dutch aviation consulting firm …
Back in 1979, Karen Schneider was an entry-level copy editor in her 20s when a senior editor at her newspaper offered her a ride after some late-night drinks with colleagues. At her destination, he locked the car door and forcibly …
Brentwood Services Administrators Inc. (BSA), headquartered in Brentwood, Tenn., has hired DeeDee Beckwith in the position as a claims adjuster trainee in its occupational injury unit in the new Florence, Ala., office, according to Jeff Pettus, president and chief executive …
Ross Hancock sold his four-bedroom house in Coral Gables, a city of pastel luxury at the edge of Miami, because he was worried that sea-level rise would eventually hurt his property’s value. He and his wife, Darlene, downsized to a …
