French reinsurer SCOR formally denied press claims that the group has been in merger discussions with PartnerRe or any other company. The SCOR statement, which was issued on Sept. 4, comes on the heels of a revelation on the same …
Broker JLT Specialty USA has named Bruce S. Fine as Global Aerospace Manufacturers and Infrastructure Industry leader. Based in Atlanta, Fine will be a member of the Global Specialty – Aerospace leadership team as well as the U.S. Specialty leadership …
Regions around Osaka, Japan’s second biggest population center, struggled to recover from damage left by Typhoon Jebi, which left 10 people dead, hundreds of thousands of buildings without power and the area’s main airport closed. Kansai International Airport, a key …
Sompo International Holdings Ltd., a Bermuda-based provider of specialty property and casualty re/insurance, announced the launch of its new subsidiary, SI Insurance (Europe). SI Insurance (Europe) is headquartered in Luxembourg with branches in Belgium, France, Germany, Italy, Spain and the …
Bank of America Corp.’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with Obama-era regulation. In response to requests from customers, the company expects to add a …
As racial diversity tumbles on Wall Street, JPMorgan Chase & Co. has reached a settlement with financial advisers who say they were treated poorly because they’re black. Six current and former employees at the largest U.S. bank filed what they …
In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s Model Law seeks to establish a guiding framework that provides actionable expectations to regulated entities …
Florida’s top insurance regulator has issued a warning to residents facing damage from Tropical Storm Gordon, the first major storm to impact the state in the 2018 Hurricane Season. Florida Insurance Commissioner David Altmaier, an outspoken critic of ongoing assignment …
Tropical Storm Gordon weakened after making landfall just west of the Alabama-Mississippi border and lashing the U.S. Gulf Coast with high winds and heavy rain early on Wednesday, the U.S. National Hurricane Center (NHC) said. Gordon is about 20 miles …
State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers …
