Fortune 1,000 firms in the health care, technology and insurance sectors top the list of industry groups most concerned about cyber threats, but many public companies still appear to be avoiding seriously addressing the risk, according to a report by …
Standard & Poor’s said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in “retaliation” for its 2011 decision to strip the country of its “AAA” credit rating. The McGraw Hill Financial Inc unit was the …
Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire the Giles Group of Companies, headquartered in London, England. The transaction is subject to regulatory approval and is expected to close in October 2013. Gallagher’s announcement …
Specialist Managing General Agency (MGA) Pioneer Underwriting Limited announced the appointment of David Carson to spearhead its new division ‘Pioneer Cat,’ incorporating property catastrophe reinsurance underwriting. He is the former Head of Property Treaty at Hardy Underwriting, and will commence …
MDS Group, the Iberian, Latin American and African insurance broker, announced that it has strengthened its Portuguese management team by appointing Mario Vinhas as Deputy Country Manager. MDS said he would “help support and coordinate the activities of MDS Portugal …
UK-based Nexus Underwriting Management Limited announced that it has acquired Torus Insurance Holdings Limited entire holding in Torus Executive Risks Ltd (TER) with effect as of August 30, 2013. Following the acquisition, Nexus, as the sole owner of TER, renamed …
Guy Carpenter & Company has an analysis of the evolving risk landscape spurred by global warming, which stresses that “climate change, global warming and the resulting landscape shift for risk management is a growing area of concern among governments, the …
Institutional shareholders in the former Massey Energy Co. want the state Supreme Court to revive a lawsuit they filed two weeks after the Upper Big Branch mine disaster. Lawyers for the California State Teachers’ Retirement System, Amalgamated Bank and Manville …
An Oklahoma woman and her pet kangaroo have found a new home after battling a city council over her right to keep the animal. Two years after fighting a city council in northeastern Oklahoma over her right to keep a …
Oklahoma and the city of Moore will receive nearly $37 million in federal aid to help recover from the tornadoes and storms that killed dozens of people and caused damage estimated at more than $1 billion this spring, U.S. Housing …
