U.S. property data and analytics company CoreLogic Inc. rebuffed peer CoStar Group Inc.’s sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to …
Alleghany Corp. has triggered a changing of the guard, with a new chief executive officer slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty insurance and …
More than five years after massive cyber attacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers. As utilities turn to varying sources of renewable energy and add millions …
Two people died when they were struck by a truck at a construction site in Boston on Wednesday, officials said. The workers were struck on High Street in the city’s Financial District just after 8 a.m., interim police Commissioner Gregory …
The McGowan Companies, based in Fairview Park, Ohio, has acquired the assets of the wholesale division of Liberty Corner, N.J.-headquartered Couch Braunsdorf Insurance Group Inc. (CBIG), effective February 1, 2021. CBIG’s wholesale division will be re-branded under the McGowan brand. …
A federal grand jury in Worcester, Massachusetts, brought additional charges against two men in connection with their involvement in an employment tax and mail fraud scheme. Juliano Fernandes, 39, of Clinton, Massachusetts, and Anderson Dos Santos, 36, of Fitchburg, Massachusetts, …
Brit Ltd. said it will merge its U.S. service company platform, Brit Global Specialty USA, and its managing general agency Ambridge. The combined entity, which will operate under the Ambridge brand as Ambridge Partners LLC, will create an MGA managing …
Hippo Enterprises said it will go public through a merger with a blank-check firm, backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a deal that gives the merged entity a pro forma enterprise value of $5 billion. …
PARIS – A Paris court [held] a hearing Wednesday in a class-action effort to hold French health authorities and companies accountable after thousands with the virus died in nursing homes, and families were locked out and left in the dark …
LONDON – A funding crisis at Greensill Capital could spill over to some of its high-risk borrowers and lead to losses for insurers and banks that have done business with the UK-based supply chain finance firm if its clients default, …
