Fruit smoothies may become the new martini for Wall Street holiday parties. Banking and trading firm BTIG LLC, for example, cut alcohol from its annual employee celebration on Dec. 12 at its New York offices. Instead, guests did yoga and …
An associate producer on the CBS current affairs TV show “60 Minutes” filed a lawsuit on Tuesday alleging gender discrimination and retaliation by the company after she complained about inappropriate conduct by her boss. In the complaint, filed in New …
An Ireland-based plane lessor sued Boeing Co. on Tuesday for breaching a contract for 22 of the U.S. planemaker’s 737 MAX aircraft and sought a compensation of $185 million. Timaero Ireland Ltd. cited design flaws in Boeing’s best-selling aircraft, which …
A U.S. bankruptcy judge approved on Tuesday PG&E Corp.’s $13.5 billion settlement with victims of Californian wildfires, and the company’s stock rallied as the utility gained momentum to emerge from bankruptcy in June as planned. “I don’t think we’ve heard …
Health insurer Cigna Corp. said on Wednesday it had agreed to sell its disability insurance and accidental death coverage unit for company employees to New York Life Insurance Co for $6.3 billion. The company said it expects to use the …
American International Group (AIG) has named Peter S. Zaffino as president, effective Jan. 1, 2020. Zaffino will continue to serve as global chief operating officer of AIG and chief executive officer of General Insurance. Brian Duperreault, AIG chief executive officer, …
Britain’s exports of financial and related services rose to 83 billion pounds ($106.5 billion) last year, with the European Union still the biggest customer, underscoring the importance of retaining market access to the bloc after Brexit. The latest figures compiled …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Halifax, Nova Scotia-based Sinclair Billard and Weld Ltd., and CJM Solutions + Inc., which do business under the name of SBW Employee Benefits. Terms of the …
SECURA Insurance in Neenah, Wisconsin, has promoted Todd Thiel to vice president-chief information officer and Tim Heyroth to vice president-chief sales officer. The promotions are effective Jan. 1, 2020. Thiel joined SECURA in 2015 as vice president-Information Technology. He has …
W.R. Berkley Corporation has formed Oak Harbor Reinsurance Co. (Oak Harbor Re), a protected cell captive insurance company, which was licensed by the N.C. Department of Insurance on Nov. 25. According to the North Carolina Department of Insurance, Oak Harbor …
