Markel Corp. said current co-CEO Thomas S. Gayner will become the sole CEO upon the retirement of co-CEO Richard R. Whitt III on January 1, 2023. Markel in May announced the anticipated retirement of Whitt by the end of March …
Turkey warned the world’s oil shippers they will need to prove they’re insured to cross the country’s vital straits, a move that could restrict flows of Russian oil as new European sanctions kick in. The new rule starts Dec. 1, …
Donald Trump’s jail-bound longtime finance chief is still a company man, collecting a hefty salary from the former president’s namesake Trump Organization even as he makes his long-awaited turn as the prosecution’s star witness in a criminal tax fraud trial …
The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European Union. Reform would potentially free up billions of pounds …
Allianz SE sees a “huge opportunity” from asset management in China because the nation needs to diversify overseas investments, its chief executive officer said. Chinese investors need to diversify, which requires advice on how to invest in Europe or US …
IRB Brasil Resseguros SA said on Thursday that chief executive Raphael de Carvalho had resigned after just over a year in the position, following a difficult few months at the Brazilian reinsurer. At an extraordinary meeting, IRB’s board of directors …
NFP, the New York City-based property/casualty insurance broker and consultant, announced the acquisition of Dublin-based health and life insurance adviser, Tailored Finance Ltd. This is NFP’s first healthcare-focused acquisition in the Irish market, which expand its portfolio of services and …
Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central bank. Britain’s government has promised a deregulatory …
Two new U.S. studies show that automatic emergency braking can cut the number of rear-end automobile crashes in half, and reduce pickup truck crashes by more than 40%. The studies released Tuesday, one by a government-auto industry partnership and the …
Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with …
