Zurich Insurance Group created a new business unit designed to help customers address evolving risks. The global business unit, Zurich Resilience Solutions, is designed to provide services that help compliment traditional insurance products and make a customer’s business more resilience. …
AM Best became a signatory of the United Nations Environment Programme’s (UNEP) Principles for Sustainable Insurance (PSI). The insurance industry plays an important role in supporting sustainable economic and social development, said AM Best. Further, management of environmental, social and …
Last week in Washington, the Democratic-controlled U.S. House passed a sweeping labor law overhaul that would make it much easier for gig workers to prove they’re actually employees with full-fledged union rights, rather than contractors as their bosses claim. Two …
Chubb Ltd., the global insurer led by Evan Greenberg, proposed an acquisition of Hartford Financial Services Group Inc. for about $23.2 billion in cash and stock in what could be one of the industry’s biggest deals in years. The New …
Specialist Risk Group, a London-based insurance broker, have hired a team of 16 from AFL Insurance Brokers, led by Jonathan Bines, AFL’s former CEO. SRG said this announcement marks its first London market team hire of the year and is …
SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over A$1.75 billion ($1.35 billion) in claims to the company, administrators said on Friday. About $1.15 billion of that was made …
Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended to limit losses didn’t cover its unit that did the most business with Greensill. Tokio’s Australia Bond & Credit Co. …
An appeals court has thrown out an $8 million jury verdict awarded to the family of a stuntman who was fatally injured while filming an episode of “The Walking Dead” in 2017. The Georgia Court of Appeals ruled that civil …
Florida’s insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance market continues its downward spiral. “The reality is the …
The Liberty Company Insurance Brokers has named Bethany Kaiser a Senior vice president in the Bakersfield, Calif. office. The firm has also named Brian English a vice president in the Bakersfield office. Kaiser has more than 25 years of experience …
