March 16, 2021
ZURICH — Credit Suisse warned it may have to book a charge over its dealings with Greensill, as scrutiny grows over its relationship with the British finance firm that collapsed into insolvency. The Swiss bank has had to close around …
March 16, 2021
Purdue Pharma LP filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity that would steer profits to plaintiffs and require the company’s Sackler family owners to contribute nearly …
March 16, 2021
TransRe President and CEO Mike Sapnar is leaving the company to pursue another opportunity. He’ll stay on the job through April 30 to help with the transition. Ken Brandt, currently TransRe’s co-president of Global Underwriting, will succeed him. A member …
March 16, 2021
The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management consultant firm that has been tracking COVID cases. …
March 16, 2021
In what the company acknowledges is a small branding change, professional services and insurance firm Marsh & McLennan has dropped the ampersand to become Marsh McLennan. The company says the change is meant to emphasize that Marsh McLennan is a …
March 16, 2021
Nine leading insurance industry businesses announced the creation of a program in the UK that will enable “career-break” professionals to return to work. The program will enable participating firms to tap into the “forgotten army” of experienced women who are …
March 16, 2021
ZURICH – Credit Suisse’s Chief Risk and Compliance Officer Lara Warner was not aware until late February that insurance related to British finance firm Greensill could expire on March 1, a spokeswoman said on Tuesday. “Contrary to certain reports, the …
March 16, 2021
BEIJING – China’s capital and a wide swath of the country’s north were enveloped Monday in the worst sandstorm in a decade, leading to the cancellation of hundreds of flights. Skyscrapers in the center of Beijing appeared to drop from …
March 16, 2021
BC Partners agreed to take over insurance service company Davies, as it bets on fast-growing demand for outsourcing in the financial industry. The private equity firm signed a definitive agreement to buy a majority stake in London-based Davies, it said …
March 16, 2021
A bill to address a growing trend of cybercrime unanimously passed the Oklahoma House of Representatives on March 10 with a vote of 92 to 0. House Bill 1759, authored by Rep. Trish Ranson, D-Stillwater, updates language in the Oklahoma …