CalPERS, the largest U.S. public pension fund, on April 19 said it will vote for a shareholder proposal that Berkshire Hathaway Inc. replace Warren Buffett as chairman, though he would remain chief executive officer. The fund, whose full name is …
National insurance agency The Hilb Group reports it has acquired Vermont-based Paige & Campbell, Inc., and its subsidiary the Taylor Palmer Agency in Bradford, expanding the company’s growing presence throughout New England. Based in Barre, Vermont – with additional offices …
SIAA (Strategic Insurance Agency Alliance) – the largest alliance of independent insurance agencies in the United States – said it has acquired and partnered with Rogue Risk, a digital independent insurance agency. “SIAA has been successful in helping over 4,500 …
This edition of International People Moves details appointments at the insurance broker Miller and insurer Arch Insurance International. A summary of these new hires follows here. Miller Taps WTW’s Power, Besso’s Harvey for Professional Risks Miller, the London-based independent specialist …
The Insurance Development Forum (IDF) announced the appointment of Michel M. Liès as its next Steering Committee chair with effect from April 19, 2022. He succeeds Denis Duverne who has been chair of the Steering Committee since September 2018. Duverne …
The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by Fitch Ratings. As a result, Fitch has revised its outlooks for these sectors …
China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns. The government’s curbs on data movement across …
Exports of essential medical devices Russia is dependent upon from the West have been partly restored, reducing the immediate risk of life-threatening shortages after a near-total collapse when the war in Ukraine began, a Western industry source told Reuters. Russia …
The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will continue to increase on the back of rising inflation and regulatory changes, a survey showed on Thursday. UK motorists now …
Initial insurance losses for the Eastern Australia floods are estimated at A$3.99 billion (US$2.97 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The PERILS loss estimate for the floods, which inundated Eastern Australia during …
