SiriusPoint Ltd., the Bermuda-based international specialty re/insurer, announced that Siddhartha (Sid) Sankaran, chairman and CEO, has resigned from the company to pursue other opportunities. The board has named Daniel Malloy as interim chief executive officer while the board initiates a …
Starr Insurance Cos. announced an agreement with FPG Insurance Holdings Ltd. (HK) and local Thai shareholders to purchase FPG Insurance Public Co. Ltd. (FPG Thailand), a Thai non-life insurance company. Starr’s investment will be held by its Bermuda insurance company, …
Investigators looking into the crash of a China Eastern Airlines jet are examining the actions of the crew on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said. In mainland China’s …
More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to pre-pandemic norms. The demand for a new …
The Category 6 hurricane’s howling winds accelerate to a startling 200 mph in Miami, mercilessly pummeling a two-story wood-frame house until the roof tears off and the rattling windows explode. And a towering 20-foot storm surge spawns battering waves, swamping …
The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million …
When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try again. The insurer’s vice president said …
A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused it of failing …
Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels Camp, Nanci Morman, 68, of Somerset, and John Allison, 63, of …
Three firefighters entered a building that simulated a burning third-floor apartment fire. In the training exercise, Bryan Duvall douses the flames with a hose while Tiffany Huber and Riley Becker search for a missing firefighter. The rescuers’ vision is impaired …
