U.K. financial regulators sought to reassure banks and insurers that they can rely on a transition period to ease their adjustment to Brexit, putting pressure on the European Union to do the same. The statements on Wednesday from the Bank …
The former chairman of China’s Anbang Insurance Group Co Ltd requested leniency at the end of his high-profile trial in Shanghai for alleged economic crimes, including fraud and embezzlement involving more than $10 billion, according to court statements. Wu Xiaohui …
Ping An Insurance (Group) Co., China’s largest insurer by market value, is starting preparations for an initial public offering of its OneConnect financial management portal that could raise as much as $3 billion, people with knowledge of the matter said. …
Swiss Re AG jumped after people familiar with the matter said Japan’s SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ($39 billion). Billionaire Masayoshi Son …
The way autonomous vehicles are currently being programmed may not be safe because the programs are copying humans, according to a computer professor in the state where the first pedestrian fatality occurred n a collision with a driverless Uber car. …
County officials in the Florida Keys are looking to get federal money to reimburse them for expenses related to Hurricane Irma. Monroe County officials traveled to Washington D.C. last week to meet with FEMA officials. The county has submitted about …
Underwriting manager Victor O. Schinnerer & Company has launched a dedicated professional liability policy for materials transparency consultants. Born out of the Leadership in Energy and Environmental Design (LEED) rating system, materials transparency consultants work with architects and engineers to …
INSUREtrust has hired Michael Ujjin as an account manager for the company’s cyber production team led by Executive Vice President Christiaan Durdaller’s. As account manager, Ujjin will be a primary business contact for clients and responsible for client satisfaction. Before …
Worldwide Facilities has opened a new location in Morehead City, N.C. Kasey Vaughn will be joining the office as senior vice president. Vaughn brings 17 years of experience in wholesale personal and commercial lines practice. She started her career at …
University of Montana researchers say the 2017 fire season likely cost Montana about $240 million in visitor spending. The Institute for Tourism and Recreation Research said Tuesday that 12.5 million out-of-staters visited Montana last year and spent $3.36 billion. Economist …
