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Markel International’s Trade Credit Team Opens for Business in Canada

Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s Syndicate 3000 paper. Markel Canada, established in 1966, …

Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division

Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with immediate effect. …

Pennsylvania Construction Worker Crushed by Safe Deposit Box

Authorities in suburban Philadelphia, Penn., say a construction worker was crushed to death by a safety deposit box. Cheltenham Township police say the incident happened at an old Wells Fargo in the Cheltenham Mall around 1 p.m. Monday. Officials say …

Cyclone Debbie Rips Across Australian State, Leaving ‘War Zone’; AIR Comments

A huge clean-up operation is under way in the Australian state of Queensland after a powerful cyclone swept through the region, tearing roofs off buildings, downing trees and forcing tourists to bunker down at luxury island resorts. The Whitsunday Islands …

New York DFS Superintendent Directs Insurers to Submit Disaster Plans

All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June 16, 2017, Financial Services Superintendent Maria T. …

Brown Thayer Shedd Insurance Agency Hires Garrity in Connecticut

Brown Thayer Shedd Insurance Agency (BTS Darien) has hired Ryan P. Garrity as senior vice president of its Darien, Conn., location. In this role, Garrity joins BTS Darien President Edward D. “Tim” Brown in co-managing day-to-day operations for the agency …

Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts

China’s Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn scrutiny from lawmakers citing ethics concerns. “Kushner …

RMC Group to Open 2 London Offices, Affirming Commitment to UK Market

Naples, Fla.-based RMC Group, a consortium of insurance and actuarial consulting firms, has announced it plans to expand its international operations by opening two new offices in the United Kingdom. “Establishing a permanent presence in Europe is another exciting step …

Wells Fargo Settles Sham Account Claims for $110 Million

Wells Fargo & Co. said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank’s chief executive his job. …

CEO & Co-Founder of China’s Fosun Resigns for Health Reasons

Fosun International Ltd , one of China’s most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group’s strategy. The resignation of co-founder and Chief Executive Liang …

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