Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The merger remains subject to other customary closing conditions, including …
The record heat and drought hurting European farmers, power utilities and insurers foreshadows even faster change to the continent’s climate, with scientists warning that feedback loops from a drying Earth likely will lead to dangerously high temperatures again this year. …
An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s barrels. Gatik Ship Management lost so-called …
With recent troubles in the banking sector having only minimal impact on his company’s specialty lines results, the chief executive of Travelers devoted a few minutes of an earning conference to describing how insurers stand apart from banks. “There’s no …
Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp. in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. The Swiss lender is trying …
Capita Plc, one of the UK’s biggest outsourcing companies, said that customer data may have been stolen during a recent cyberattack. There is “currently some evidence of limited data exfiltration from the small proportion of affected server estate which might …
A fire that broke out at a Massachusetts church not long after Easter services is being investigated as a possible arson, according to the FBI and state and local law enforcement agencies. The fire started about 5:30 p.m. April 9 …
The owner of a Philadelphia building that caught fire and collapsed last summer, killing a city firefighter and injuring five other people, has been indicted along with another man on charges they set the blaze, federal prosecutors announced Wednesday. Al-Ashraf …
The California Division of Occupational Safety and Health cited Meeder Equipment Co. of Rancho Cucamonga and referred D&D Construction Specialties Inc. of Sun Valley for criminal prosecution in two separate cases of workers’ deaths related to confined spaces. Meeder and …
A Pennsylvania grand jury in recent months accused nine men with connections to the Jehovah’s Witnesses of child sexual abuse in what some consider the nation’s most comprehensive investigation yet into abuse within the faith. The sets of charges filed …
