When Anbang Insurance Group Co. agreed to buy New York’s iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a deal that would help …
THB, the London-based specialist insurance and reinsurance broker, announced the appointment of Rodrigo Botelho as director, European division, from Oct. 1, 2017. Based in THB’s Amsterdam office, Botelho’s duties will include targeting new markets in the Portuguese-speaking countries of Africa. …
Dale Underwriting Partners, managed by Lloyd’s third party managing agency Asta, announced it has been granted “in principle” approval by the Lloyd’s Franchise Board to establish a special purpose arrangement (SPA). The SPA will support a portfolio of contingency and …
Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government’s clampdown on outbound investments is necessary to take to protect the economy. “The recent scrutiny on overseas investments …
A jury has awarded $4.5 million to a former employee who sued an Iowa hospital for age bias and retaliation. The Des Moines Register reports that the jury’s July 24 decision came after a 10-day trial of Grinnell Regional Medical …
Fraudulent bank accounts, bogus credit cards, compromised customer data and, now, unwanted car insurance. Wells Fargo & Co., it seems, just can’t stay out of trouble. News late last week that the lender may have charged more than 500,000 people …
Labor unions are urging a slowdown as lawmakers fast track legislation to allow self-driving vehicles on the road, a potential boon to some union jobs and an existential threat to others. The House Energy & Commerce committee last Thursday advanced …
Honda Motor Co said on Thursday that a Takata airbag inflator ruptured in car crash in Florida, in what could be the 19th death worldwide linked to faulty airbags recalled as part of the largest automotive safety campaign in history. …
Lightning struck seven homes in Florida, causing extensive damage to at least two of them during a severe thunderstorm. Niceville Fire Chief Tommy Mayville tells the News Herald firefighters were kept busy Thursday night as call after call for help …
A police officer told tennis star Venus Williams she likely caused a crash in Florida that fatally injured an elderly man last month but didn’t cite her, saying it appeared the actions of a third driver left her in a …
