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Opening Statements Start in Criminal Trial of Ex-Dewey Executives

Nearly three years after the demise of law firm Dewey & LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm’s former executives on Tuesday by accusing the trio of directing employees to make millions of dollars …

Xuber Reinsurance Survey Focuses on Regulation and M&A

Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industry Xuber, Xchanging’s insurance software business, recently released its second wave of results from its global reinsurance survey on …

Some European Insurers, Pension Funds Build Loan Books to Rival Banks

Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel Belgravia, several miles from the “Square …

Julian to Head Tokio Millennium Re AG, UK Branch

Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Mark Julian will assume the role of head of Tokio Millennium Re AG, UK Branch (TMRUK), subject to …

Wildfires in Northern Alberta Continue to Disrupt Oil Sands Production

Wildfires in northern Alberta kept about 10 percent of Canada’s oil sands production offline for a third day [on Tuesday] as Bank of America Corp. warned the blazes may slow the economy. A fire at Cold Lake Weapons Range that …

Aon’s Political Risk Map Highlights Western Countries Increased Terror Threats

“Risk levels are rising in Western economies due to the increased terror threat presented by Islamic extremists” according to the Aon Terrorism and Political Violence Map, released by Aon Risk Solutions, the global risk management business of Aon plc, in …

Jardine Lloyd Thompson Appoints Rozes as Group Finance Director

Jardine Lloyd Thompson Group plc, a global provider of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, announced it is appointing Charlie Rozes as group finance director, to succeed Mike Reynolds. JLT announced in August 2014 that Reynolds …

Faure to Retire as Endurance’s CEO, Global Re; Young Named as Successor

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Jerome Faure will step down from the position of chief executive officer, Global Reinsurance, on January 1, 2016 and will retire from Endurance …

Report Finds West Virginia Roads, Bridges Among the Worst in U.S.

West Virginia received poor marks in a new report that examined traffic fatalities and road and bridge conditions in rural areas. Twenty-nine percent of major rural roads in West Virginia were in poor condition in 2013, the sixth highest rate …

Cement Company Negligence Charge Dismissed in Florida Teen Suicide Suit

A judge in Florida has tossed a portion of a lawsuit that alleged negligence against a cement company in the death of a 12-year-old central Florida girl who committed suicide after being bullied. Rebecca Sedwick jumped to her death from …

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