The U.S. Securities and Exchange Commission has recommended no action against Exxon Mobil Corp. over its investor disclosures, ending a two-year probe with a victory for the company. The SEC in 2016 launched its review of Exxon’s reserves and climate-change …
CNA’s Emily Hathcoat launched a sales and marketing therapy session that promised tabloid-worthy confessions. Here is how she set the stage: “If you were to give your marketing and sales teams a relationship score, what would it be? Is it …
Embroker, a digital commercial insurance brokerage, has launched a fully digital directors and officers (D&O) insurance policy, specifically designed for venture capital (VC) backed tech startups. The D&O policy is part of Embroker’s new digital Startup Program, which also includes …
Starr Insurance Companies, one of the largest aviation insurers, has agreed to acquire the renewal rights of Aspen Insurance’s aviation business, which the insurer says is in excess of $50 million in gross written premiums. This follows Aspen’s announcement last …
PEAK6 Investments LP announced it has acquired National Flood Services (NFS) from Aon plc. NFS is a provider of business process services in flood insurance. According to a statement, the firm support nearly 87,000 active flood agents with 550 employees …
Activist investor Carl Icahn said shareholders in Cigna Corp. should vote against the $54 billion takeover of pharmacy-benefits firm Express Scripts Holding Co. because the health insurer is “dramatically overpaying.” “Cigna management is offering to pay an all-time high price …
A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these instruments would replace traditional reinsurance and …
San Francisco, Calif.-based startup Metromile announced today that Tokio Marine Holdings Inc. has become the first insurance carrier to license Metromile’s Connected Intelligence Platform. Metromile in July announced $90 million in Series E funding co-led by Tokio Marine and Intact …
American International Group, Inc. has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer, effective immediately. Wismer will be based in New York and report to Sid Sankaran, executive vice president and chief financial …
Warren Buffett’s Berkshire Hathaway Inc. gave him more leeway to make stock buybacks last month. Now, after the company said its cash pile has swelled to $111 billion, some investors are wondering when they might reap the benefits. Berkshire’s second-quarter …
