Monthly Archives: <span>January 2021</span>

UK Chancellor Sunak Seeks Deeper UK Insurance, Banking Ties with Switzerland

UK Chancellor of the Exchequer Rishi Sunak will hold talks with his Swiss counterpart on Wednesday as the two countries seek to deepen financial services ties in the wake of Brexit. The virtual discussions with Federal Councilor Ueli Maurer will …

Luxembourg Signs Restitution Agreement for Holocaust Victims

LUXEMBOURG— The Luxembourg government signed a deal Wednesday with the World Jewish Restitution Organization to pay reparations and to restitute dormant bank accounts, insurance policies as well as looted art to Holocaust survivors. The deal announced on International Holocaust Remembrance …

Mother of Teen Who Died Suing Center in Oregon for $13M

The mother of a Portland, Ore., teen who died by suicide shortly after medical staff allegedly evaluated and released him from the Unity Center for Behavioral Health has filed a $13 million lawsuit. Leila Mesch’s lawsuit lists Legacy Health and …

Aon, Willis Announce Leadership Team for Post-Merger Brokerages

In anticipation of their proposed merger receiving final approval, insurance brokers Aon and Willis Towers Watson announced the future leadership team for the firm that will be effective following the close of the merger, which they expect to occur before …

Vermont Man Charged in Eight Arsons Arrested by Federal Agents

A Stowe man charged in eight arsons that police say caused more than $1.5 million in damage to the resort community has been arrested by federal agents. Jeffrey Nolan, 62, made his initial appearance in federal court on Monday on …

Saxe Doernberger & Vita Promotes Clifford, Johnson to Of Counsel

Saxe Doernberger & Vita P.C. (SDV) has promoted associate attorneys Brian J. Clifford and Kelly A. Johnson to of counsel. Clifford, resident in the firm’s Connecticut office, has represented clients on a range of coverage and litigation matters, including advising …

AXA XL Names Colao as Global Chief Underwriting Officer for Cyber

AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA XL’s products globally. Additionally, he will help …

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states – Arizona, Colorado, Illinois, …

China Urges International Cooperation on Financial Services, Technology Regulation

SHANGHAI— China’s regulators want to step up exchanges with international counterparts and strengthen co-operation on anti-trust issues, data treatment and consumer protection, China’s central bank vice governor said in a Financial Times opinion piece. Pan Gongsheng said authorities wanted to …

China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing

SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s second-biggest economy. The greenlight from the China Banking and …