November 25, 2019
Marsh, the insurance broker and risk adviser, announced that John Drzik, president, Global Risk and Digital (GR&D), will step back from full-time responsibilities as leader of GR&D effective Jan. 1, 2020, but will remain involved with the business as a …
November 25, 2019
DeCotis Specialty Insurance has hired Robert Jones as director of Marketing. In this position, Jones is responsible for expanding awareness of the company’s services and value beyond its existing footprint in the New England and Mid-Atlantic regions. Jones brings more …
November 25, 2019
The Trump administration’s move to relax an Obama-era chemical safety regulation put in place after an explosion at a fertilizer plant is the latest example of the White House easing rules established in the wake of disasters. Trump’s professed goal …
November 25, 2019
Insurer Chubb Ltd said on Monday it will buy up to an additional 22.4% stake in Chinese insurer Huatai Insurance Group Co Ltd for 10.8 billion yuan ($1.53 billion), as it looks to bank on a rapidly growing sector in …
November 25, 2019
In the hills of northern Greece, peach farmer Makis Antoniadis is sweating in unseasonably warm November weather as he toils with his most recent harvest. It might be one of his last. Already grappling with the effects of climate change, …
November 25, 2019
Assicurazioni Generali SpA is preparing to make a formal bid for the European assets of MetLife Inc. following months of talks, people with knowledge of the matter said. The Italian insurer has been finishing due diligence and aims to make …
November 25, 2019
The Uber ride-hailing service was stripped of its London operating license on Monday for the second time in just over two years, subject to appeal, after the regulator found a “pattern of failures” on safety and security. A change to …
November 25, 2019
The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from tropical …
November 25, 2019
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” of Community Insurance Corporation and Wisconsin County Mutual Insurance Corp., both domiciled in Madison, Wisconsin. They are collectively referred to as …
November 25, 2019
Oklahoma Attorney General Mike Hunter says he plans to appeal a judge’s order directing consumer products giant Johnson & Johnson to pay the state $465 million to help address the state’s opioid crisis. Hunter said the judge’s final order only …