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NJM Elevates Livingston to Executive VP, Counsel; Announces 5 Other Promotions

New Jersey property/casualty insurer NJM Insurance Group announced that Mitchell A. Livingston has been promoted to executive vice president and corporate counsel. Livingston, who is also a member of NJM’s board of directors, is responsible for leading the company’s strategic …

Zurich Buys MAA Takaful Berhad, Expanding in Malaysia Takaful Market

Zurich Insurance Co. Ltd., a subsidiary of Zurich Insurance Group has completed the acquisition of MAA Takaful Berhad (MAAT), a leading provider of Takaful products in Malaysia, from MAA Group Berhad and Solidarity Group Holding BSC. The combination of MAAT’s …

Cooper Gay Appoints Hacker as Group Chief Innovation Officer

Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group CEO. Hacker will develop risk and advisory …

Legal Expert Assesses 4 Scenarios to Put Brakes on Brexit

As continental powers pressure a nervous Britain to formally apply to exit the European Union, die-hard “remain” supporters are taking on the mission to put the brakes on the so-called Brexit. The challenge is formidable: Britons turned out en masse …

Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years

Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund …

Brexit, Climate Change and Clean Air

What does the Brexit portend for all those collaborative efforts undertaken by the European Union to battle climate change? It’s a question a number of people were pondering – in Europe and in the U.S. – after last week when U.K. …

Toyota Recalls 3.37M Cars for Flawed Air Bags, Emissions Control Units

Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving air bags and emissions control units. The automaker on Wednesday said it was recalling 2.87 million cars over a possible fault in emissions control units. That followed …

Willis Towers Watson CEO Haley Sees ‘Upside’ to Brexit

John Haley, who merged his U.S. consulting firm with an insurance broker this year to form London-based Willis Towers Watson Plc, said the company is well-equipped to deal with disruption from U.K. voters’ decision to leave the European Union. “In …

West Virginia’s Greenbrier Resort Begins Recovery from Floods, Shelters Victims

At West Virginia’s usually immaculate Greenbrier resort, the grandstands set up for a PGA tournament that was supposed to start the week of July Fourth now look out on a muddy, gouged-out golf course strewn with trash, tires, refrigerators and …

Religious Extremists, ‘Lone Wolf’ Attacks Changing Political Risk Landscape

In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof Bentele, head of Global Crisis Management at Allianz …

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