DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further expansion. DARAG purchased SunPoint from Fosun International for …
The mother of a high school football player who died in New York after a 400-pound log fell on him during a military-style training drill has settled her lawsuit over the teen’s death for a seven-figure sum, according to her …
Global insurance brokerage Hub International Limited has acquired the assets of Davis Trachtenberg Inc. (DTI). Terms of the transaction were not disclosed. Located in Newtown Square, Pennsylvania, DTI is a full-service insurance agency providing clients with commercial and personal insurance. …
JAG Insurance Group (JAG), a South Florida-based commercial insurance agency with Florida offices in Coral Gables and Delray Beach, as well as Charlotte, North Carolina, has added Enrique Gomez to the firm as the first of many remote hires. The …
A U.S. agency investigating Facebook Inc. for racial bias in hiring and promotions has designated the probe as “systemic,” attorneys for three job applicants and a manager who claim the company discriminated against them told Reuters on Friday. A “systemic” …
Lex Greensill’s business has unraveled at a blistering pace, leaving a tangled trail of destruction all around it. On Monday, Greensill Capital filed for administration in the UK, capping a stunning collapse for its founder. The bank that he owns …
Chubb announced it has appointed Peter Kelaher as country president for Australia and New Zealand. In his new role, Kelaher, who is currently senior vice president and head of Property and Casualty (P/C) for Australia and New Zealand, will have …
Insurance Australia Group, the country’s largest general [P/C] insurer, said on Tuesday it had no net exposure to supply chain finance firm Greensill Capital, helping its shares recover from a sharp 10% drop earlier. IAG said in a statement that …
In an effort to educate consumers about contractor fraud schemes that are contributing to increased insurance rates, Florida’s Insurance Consumer Advocate (ICA) Tasha Carter has launched a new educational initiative, Demolish Contractor Fraud: Steps to Avoid Falling Victim. The new …
Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic partnership. The insurer’s Allianz X digital investment unit committed …
