Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest insurer prepares for the …
Accountancy firm Grant Thornton has been fined for its audit of Patisserie Valerie, the British cafe chain that collapsed in 2018, throwing 900 people out of a job and triggering a separate fraud investigation into accounting irregularities. The Financial Reporting …
Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yields than they did two years …
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday. Disaster recovery costs the world’s 77 poorest …
Program provides additional protection over scheduled coverages Woodbridge, N.J., September 28, 2021 – NIP Group (www.NIPGroup.com), a market leader in insurance program administration, is proud to announce the addition of monoline Commercial Excess Liability Coverage, providing brokers and insureds additional …
SCOTTSDALE, AZ, Sept. 28, 2021 — OIP Robotics, an Outsource Insurance Professionals entity, announced its partnership with HyperScience, bringing unmatched data extraction capabilities to their automation portfolio. HyperScience is an industry leader in data extraction software and a technology company …
Gas utility Southern California Gas (SoCalGas), a unit of Sempra Energy, said on Monday it has reached agreements that are expected to resolve substantially all civil litigation related to a 2015 natural gas storage facility leak. As a result of …
The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy’s top insurer, two people close to the matter said. Donnet’s fate had been called …
The J. Morey Company Inc. Insurance Agents & Brokers has merged with Alliance 360° Insurance Solutions, based in Cypress, Calif. Terms of the deal, which is effective June 1, were not disclosed. The two companies will continue to operate under …
President Joe Biden plans in coming days to shore up one of the most consequential environmental regulations in history by moving to restore the legal foundation for limits on mercury pollution from power plants. Restrictions on mercury, imposed by the …
