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Swiss Re Corporate Solutions Forms Global Contingency & Sports PA Team

Swiss Re Corporate Solutions has created a global Contingency and Sports Personal Accident (PA) team and appointed Jonathan Cole as head Contingency and Sports PA, effective immediately. Cole will be responsible for expanding these lines of business across the four …

Court Upholds Uber Forced Arbitration, Ban on Customer Lawsuits

A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc. in a closely watched lawsuit over whether passengers gave up their right to sue the ride-sharing company when they registered for its service. The 2nd U.S. Circuit …

Massachusetts’ Partners Insurance Group Promotes McDonald

Partners Insurance Group LLC, a Swansea, Mass.-headquartered independent insurance agency with eight locations in Southeastern Massachusetts and Rhode Island, has promoted Michelle McDonald to vice president. McDonald joined Partners Insurance Group in 2014 and has more than ten years of …

N.Y. Times Must Face Defamation Lawsuit Over Professor’s Slavery Comments

A federal appeals court on Tuesday said the New York Times Co. must face a defamation lawsuit by a Louisiana economics professor who said it quoted him out of context by saying he described slavery as “not so bad.” The …

Maryland’s Frederick Mutual Insurance Company Promotes Pelletier

Frederick Mutual Insurance Company (FMIC), a Frederick, Md.-based provider of insurance coverage for homeowners and businesses, has promoted Bob Pelletier from assistant vice president and claim manager to vice president and chief claim officer. Pelletier is directly responsible for the …

New York Bus Firms Seek Damages Over Handling of Workers’ Comp Claim

New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co., Gallagher Bassett Services Inc. and Risk …

P/C Insurance Industry Maintains Favorable Ratings in First Half 2017: A.M. Best

Credit rating activity for the U.S. property/casualty industry in the first half of 2017 was favorable, with upgrades outpacing downgrades. Nearly one-third of the 2017 upgrades were driven by increased parental support, ongoing mergers and acquisitions (M&A) and the generally …

China’s Ping An Reports Biggest Half-Yearly Profit in Decade

Ping An Insurance Group Co of China , the country’s second-largest insurer by market value, on Thursday reported its biggest half-yearly profit in at least a decade on robust growth in life insurance premiums. The strength in Ping An’s life …

Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources

Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast-growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile platform for health-care companies, insurers, doctors and patients, …

4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch

The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market conditions, according to Fitch Ratings. Fitch …

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