A New York regulatory investigation of Lloyd’s of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar with the matter said. Lloyd’s, along …
Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public offering. A U.S. appeals court in 2011 reversed the dismissal of a proposed class-action lawsuit against Blackstone, the biggest manager of …
Keystone Insurers Group said Covington, Tenn.-based agency Jamieson & Fisher Inc. has become its 21st franchise partner in the state. The announcement was made by Jamieson & Fisher President Ed Kaiser and Keystone Tennessee Vice President Michele Bicknell. Jamieson & …
Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 28.3 percent as investment income expanded and earnings from banking operations grew. Net income climbed to 17.91 billion yuan ($2.93 billion), or 2.26 yuan a share, from 13.96 …
Toronto-Dominion Bank’s quarterly profit fell 10 percent as Canada’s No. 2 lender took C$418 million in insurance-related charges, but the result topped estimates and the bank hiked its dividend by 5 percent. TD, the final large Canadian bank to report …
Zurich Insurance Group AG Chairman Josef Ackermann resigned after the company’s finance chief died in a suspected suicide. “The unexpected death of Pierre Wauthier has deeply shocked me,” Ackermann, 65, said in a statement today. “I have reasons to believe …
If the United States attacks Syria, it will be the first time it strikes a country that is capable of waging retaliatory cyberspace attacks on American targets. The risk is heightened by Syria’s alliance with Iran, which has built up …
The Insurance Society of Philadelphia recently announced the appointment of Russell Shaner as its new president.With 35 years of experience in the insurance industry, Shaner most recently served as regional claims director for AAA NCNU Insurance Exchange (the successor organization …
Los Angeles, Calif.-based Farmers Insurance named Steven Weinstein general counsel. Weinstein is the former chairman of the Barger & Wolen law firm. Weinstein is replacing Frank Ceglar, a 36-year veteran of Farmers. Weinstein will oversee the company’s legal department, including …
New Jersey Gov. Chris Christie is defending tourism ads the state is running in the aftermath of Superstorm Sandy. During a Tuesday morning appearance on the North Wildwood boardwalk, Christie said the ads were never meant to imply that the …
