The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer called Bond and Credit Company decided not to renew insurance policies covering $4.6 billion in corporate loans backed by the …
A vehicle slammed into a Gettysburg gift shop and burst into flames, killing the driver and setting the building and a neighboring structure on fire, authorities said. Emergency dispatchers in Adams County said the vehicle crashed into the Blue and …
Harford Mutual Insurance Group has announced changes to its leadership team. Senior Vice President Jeffrey Rink has been promoted to executive vice president with the added oversight of Administrative Operations, Customer Service and the Special Investigative Unit. Joining Harford Mutual …
Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers property/casualty insurance including pay-as-you-go workers’ compensation to the small business customers of …
Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup Inc.’s accidental $900 million payment to Revlon Inc. lenders. After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the …
Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Finn & Stone Inc. Terms of the transaction were not disclosed. Finn & Stone Principals Chip and Jonathan Ams and the Finn & Stone team will join Hub …
Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion. The IPO gives New York-based Oscar …
Anyone who uses social media has probably come across deepfakes, which refer to media such as videos, photos or audio that have been modified using artificial intelligence. Deepfakes have become increasingly common in entertainment, internet memes and social media over …
Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd. in Australia, the two companies announced. Horton will be succeeded in the role by Adrian Cox, the current chief underwriting …
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …
