RenaissanceRe’s planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O’Donnell, president and CEO of RenRe. “The TMR transaction will accelerate our strategy by providing us greater penetration into …
Two utility workers were killed and two others were hurt when their maintenance helicopter got caught on power lines and crashed in rural northeastern New York, state police said. Pieces of the aircraft dangled from power lines late Tuesday afternoon …
A New Jersey woman has pleaded guilty to fraudulently obtaining insurance identification cards as part of a scheme to steal luxury used vehicles from dealerships in New Jersey and New York. Paige Hunt, 27, of Bloomfield, N.J., pleaded guilty to …
Pipeline upgrade work at the center of natural gas explosions and fires north of Boston last month has been completed. Columbia Gas announced Tuesday it had replaced about 44 miles of gas mains and more than 5,000 service lines across …
QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, which is now largely complete, Asia Pacific will no longer be a separate …
Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the matter said. A listing of …
Indonesian authorities on Thursday retrieved a flight data recorder from a Lion Air jet that crashed and broke apart in shallow sea near the capital, Jakarta, this week, killing all 189 people on board. The country’s second-deadliest air disaster since …
The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been clinched. The deal being …
Tech-driven virtual claims services company Snapsheet started out as a service for body shops called Body Shop Bids before pivoting to serving insurers five years ago. Alex Meisner, director of innovation, is one of the original employees and knows the …
U.S. Supreme Court justices questioned an $8.5 million Google settlement in a case that could make it harder for companies to resolve class-action lawsuits without providing direct compensation to those affected. The court’s conservative members signaled skepticism toward those types …
