Convex Group Ltd. announced that Convex Insurance UK Ltd. (CIL) and Convex Reinsurance Ltd. (CRL) have received approval from the National Association of Insurance Commissioners and the California Department of Insurance to operate as a reciprocal jurisdiction reinsurer, effective from …
Bain Capital has made a final pitch to members of British insurer LV= to back its takeover bid, after a lengthy sale process that’s drawn a dozen offers as well as political heat about preserving mutual firms. The deal will …
BEIJING – China outlined new rules on Tuesday to safeguard the rights of drivers in its giant ride-hailing industry, requiring operators of the services to provide them with social insurance and make their earnings public. In a statement, the transport …
Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had widespread compliance failures that included charging dead people. The case includes a claim that Westpac charged more than A$10 million …
The controlling shareholders of Thai insurer Syn Mun Kong Insurance Pcl are exploring the sale of a majority stake in the firm and have picked several strategic players to advance into the next round of bidding, according to people familiar …
Charlotte-based Insurance broker McGriff, a subsidiary of Truist Holdings, announced the promotion of two long-time officers. Crystal Sanderson, now senior vice president and director of McGriff’s sales center, will become practice leader for national personal lines and small business, the …
Two Southern states have taken steps to provide improved benefits for first responders who suffer from mental conditions and from cancers that may be linked to workplace hazards. In North Carolina, lawmakers approved a state budget that includes a supplemental …
Exclusive product for Amwins brokers will focus on excess D&O November 30, 2021 — Amwins Special Risk Underwriters today announced the launch of an Executive D&O Liability product. This product marks the MGA’s expansion beyond the property market, which it …
A group of former Google employees sued the Alphabet Inc. unit on Monday alleging that it breached their employment contracts by not honoring its famous motto “don’t be evil.” In the lawsuit filed in California state court in Santa Clara …
While a Cleveland jury concluded Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. exacerbated Ohio’s opioid epidemic with lax oversight of prescription painkillers, the verdict may not survive on appeal, according to legal experts. The companies, which vowed …
