Australia financial shares surged the most in a decade after an inquiry into decades of wrongdoing stopped short of demanding a structural overhaul of the scandal-plagued industry or tighter lending rules that threatened to crunch bank profits. While banks will …
When Governor Andrew Cuomo of New York launched his statewide banking and insurance regulator several years ago, he picked an aggressive ex-prosecutor who’d spent years under his wing. Now, in naming his latest chief of the state’s Department of Financial …
USI Insurance Services (USI), a provider of insurance brokerage and risk management, has acquired New York-based GFI Insurance Brokerage Inc. Terms of the transaction were not disclosed. Founded in 2003, GFI provides commercial property and casualty, employee benefit and personal …
Workers’ compensation specialist The MEMIC Group promoted Ben Delcourt to underwriting manager and Shae-Li Fendler to underwriting analyst manager. Delcourt manages the underwriting team, which represents more than 60 percent of Maine’s employers. He joined MEMIC in 2012 as an …
Bill Gross, who transformed bond investing over a storied four-decade career, is leaving the stage after a tough final chapter. Gross, who announced his retirement Monday, struggled in the last four years as head of the Janus Henderson Global Unconstrained …
Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution — just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and …
Swiss Re Corporate Solutions is expanding its cyber offering by launching CyberSolution 360°, a risk management solution that combines insurance with cyber attack protection services. Developed in the exclusive collaboration with the French cyber security insurtech firm OZON, the solution …
French reinsurer SCOR’s Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned his role in a failed takeover process. …
Chubb announced the launch of a Media Industry Practice for the UK and Ireland. This latest addition to Chubb’s existing suite of industry practices is aimed at middle market and multinational businesses, bringing together Chubb’s specialist capabilities in underwriting, claims …
Britain’s financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected to have moved or been created overseas even as the risk of a disorderly exit grows, a new Reuters survey …
