U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive year of underwriting losses in 2019, according to Fitch …
The U.K. government sees an opportunity to restart Brexit negotiations with the European Union after Prime Minister Boris Johnson’s meetings last week with German Chancellor Angela Merkel and French President Emmanuel Macron. The two leaders appeared to relax their language …
Morrison Mahoney has hired Eric J. Gyllenborg as a partner in its Corporate Transactions group in Boston, Mass. Gyllenborg is a corporate lawyer with a particular focus on commercial lending, private securities offerings, venture capital, private equity, finance, employment, medical …
Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service organizations, has appointed Jessie Witherow as an assistant vice president. Based in the Washington, D.C., office, Witherow is …
A suburban Philadelphia factory owner found guilty of retaliating against employees who cooperated with federal safety inspectors has been ordered to pay more than $1 million in back wages and punitive damages. The Philadelphia Inquirer reports that a judge ordered …
A Maryland construction company owner has pleaded guilty to engaging in a scheme to defraud a customer out of more than $1.7 million. U.S. Attorney Robert Hur’s office said in a news release that 65-year-old Ivan Victor Thrane faces a …
BlackRock Inc. is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on …
While some Johnson & Johnson investors were relieved that the company’s $572 million penalty for fueling Oklahoma’s opioid epidemic wasn’t as high as feared, lawyers for other U.S. states, cities and counties could hardly contain their glee. That’s because the …
A decade after the last financial crisis, attention is too focused on what central bankers can do to prevent the next one, according to Swiss Reinsurance Co. With liquidity taps open and policy rates stuck in a “black hole” they …
Aon plc has created a global Accident, Health & Life practice group in its Reinsurance Solutions business to help insurers take advantage of growth opportunities in this evolving sector. The group will be chaired by Roger Smith, who was previously …
