Hub International Insurance Services Inc. has promoted Gay Catherine Chung to senior vice president and client director and Arturo Perez-Reyes to senior vice president and cyber-group leader of the executive liability practices division in the company’s commercial risk division in …
California regulators imposed the largest penalty in the agency’s history, ordering PG&E Corp. to pay $1.6 billion for failures that led to a deadly 2010 natural gas pipeline explosion in a San Francisco suburb. A faulty weld on the pipeline …
A U.S. judge on Wednesday rejected Arab Bank Plc’s bid to overturn a jury verdict finding it liable for knowingly supporting terrorism efforts related to a series of attacks in the Middle East. The Jordan-based bank had been accused by …
The Travelers Companies Inc. announced that it has agreed to acquire a majority interest in the property and casualty business of its J. Malucelli Participações em Seguros e Resseguros S.A. joint venture in Brazil. J. Malucelli commenced writing P&C business …
XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft, infertility and permanent disability, among other risks, XL said …
Aviva plc’s Chief Executive Officer Mark Wilson and the chief financial officer lowered their long-term bonuses after Institutional Shareholder Services Inc. was said to have raised concerns over 2015 compensation. Wilson’s long-term incentive plan (LTIP ) reverted back to 2014 …
The Dubai International Financial Centre (DIFC) announced that its Insurance Association “has been incorporated as a non-profit body in the DIFC and is ready to welcome corporate applicants. Dr. Bassel Hindawi, one of the three initial founding members of the …
Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the goal-scoring limbs of David Beckham and the most remarkable …
Litmus Analysis announced that Karin Clemens, the former head of S&P’s European insurance rating practice, is joining Litmus. She “will bring even further experience in ratings to the Litmus team, working across the full range of Litmus offerings and also …
Duke Energy Corp. says a $25 million fine by North Carolina environmental regulators over coal ash pollution that has been seeping into groundwater for years is excessive and unnecessary. The country’s largest electric company said Thursday it appealed the penalty …
