Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected natural catastrophes and the ongoing COVID-19 pandemic. This loss compares with net income of …
The largest online mental health startup has tightened its prescription practices after criticism by medical professionals that its aggressive social-media marketing and workplace culture made some addictive medications too easy to get. And there are signs that scrutiny of mental …
QBE Re has announced major changes to its organizational structure as part of the reinsurer’s strategy to further align and unify the global structure of the business under Managing Director Steve Postlewhite. QBE Re will now coordinate the underwriting of …
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental disclosure platform CDP and Planet Tracker estimates. The U.N. …
Fidelis Insurance Holdings Ltd. and its wholly owned UK subsidiaries have moved to new offices in London on the 42nd Floor of 22 Bishopsgate, London, EC2N 4BQ. Fidelis said the building’s advanced environmental credentials align with its ESG goals and …
The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp. (LIC) was oversubscribed on Thursday, helped by attractive pricing, making way for gains over the listing price later this month. Investors bid for 166.9 million shares by …
Markel Corporation announced Wednesday that Richard R. Whitt III, co-chief executive officer of Markel, plans to retire by March 31, 2023. Upon Whitt’s retirement, Thomas S. Gayner, co-chief executive officer of Markel, will become chief executive officer, and Jeremy A. …
Guest rooms at a New Hampshire hotel that was heavily damaged by fire had smoke alarms, in addition to a fire alarm system heat detector, state Fire Marshal Sean Toomey said Tuesday. The main hallways of the Red Jacket Mountain …
A Massachusetts woman who signed a lump sum settlement with her workers’ compensation carrier over a right shoulder injury cannot later obtain benefits for a left shoulder injury linked to the same incident because she did not specifically mention the …
New York City is launching a $4 million campaign to counter rising traffic accidents and curb dangerous driving behaviors like speeding that have occurred at higher rates since the onset of the COVID-19 pandemic. The campaign — titled “Speeding Ruins …
