Marijuana advocates told a New York panel considering legalization that it should be affordable and accessible to everyone rather than enriching corporate producers and state tax coffers. Of about 30 people who spoke at the first of 15 “listening sessions” …
It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100 million for another brokerage …
The U.S. government on Thursday charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyber assault on Sony Corp , U.S. officials said. The charges, part of a strategy by the U.S. …
The sight of a flooded Kansai International Airport and 3,000 stranded people after Typhoon Jebi slammed into southern Japan this week should be a warning to the world’s infrastructure investors. Airports have been a highly rated asset class over the …
Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their journey to identify, quantify and mitigate …
Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are taxed. How the territory’s market has responded …
Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this initiative is a renaming of R&Q’s Malta domiciled insurance platform, R&Q Insurance …
Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327 million) for a 22.5 percent shareholding …
Insurance and risk management services firm, Gallagher, has promoted Steve Kluting to national director of product recall in its Food & Agribusiness Practice Group As a “food lawyer” with 18 years of experience, Kluting helps Gallagher’s food, beverage and restaurant …
Houston-based managing general agency and wholesale insurance broker Myron Steves has hired Jennifer Flake as director of Transportation. She is based in Dallas. Flake will be responsible for overseeing all aspects of the firm’s transportation business including the long-haul trucking, …
