March 7, 2019
Sears is back into court, less than one month after emerging from bankruptcy protection. The retailer was sued on Wednesday by Stanley Black & Decker Inc, which accused it of breach of contract and trademark infringement over its new line …
March 7, 2019
A series of hurricanes tore through Florida in 2005, and Mar-a-Lago, President Donald Trump’s business and residence in Palm Beach, was apparently very beaten up because Trump collected about $18.3 million in insurance payments from Aon PLC that year. When …
March 7, 2019
It’s not often that you hear about a $24 billion deal brewing in the financial services industry. It’s even rarer that it goes from confirmation to breakup in less than a day. On Tuesday afternoon, Aon Plc confirmed a Bloomberg …
March 7, 2019
Aon plc has partnered with software company Skytek to provide real-time monitoring of insurers’ marine risks, identifying accumulations for enhanced underwriting and reinsurance programs. In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation …
March 6, 2019
Credit rating downgrades in the U.S. property/casualty (P/C) insurance segment more than doubled year over year in 2018, reversing a trend of annual declines since 2014, according to a new A.M. Best report. The report says the increase was due …
March 6, 2019
Allianz Global Corporate & Specialty AGCS) announced that Baptiste Ossena, global product leader of Hull and Marine Liabilities (HML), is assuming additional responsibility as the North American regional head of HML. Relocating to New York from Paris, Ossena will work …
March 6, 2019
Recorded conversations by pilots on a cargo jet carrying packages for Amazon.com Inc. that crashed last month near Houston reveal they began losing control of the aircraft about 18 seconds before it slammed into a shallow bay, investigators said Tuesday. …
March 6, 2019
Companies with more than 100 employees will have to report to the U.S. government data about how much workers are paid broken down by sex, race and ethnicity, possibly as soon as this spring, according to a new court ruling. …
March 6, 2019
Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a tie-up. The company said on Tuesday that it was in the early stages of …
March 6, 2019
The Andover fire brigade was alerted at 2.34 a.m. About 2 miles across town, a fire had broken out in the early hours of Feb. 5 at a state-of-the-art Ocado Group Plc warehouse. Within minutes, firefighters were tackling a blaze …