Marsh announced that it has reached a definitive agreement to acquire a majority stake in Panamanian insurance broker and advisor Semusa, Marsh’s long-standing local correspondent broker. Terms of the transaction were not disclosed. It is expected to close in the …
Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar with the matter. The price of Agrotiki, also known as …
To meet the demand for cyber insurance in the U.S. and Canada, XL Group’s Global Professional unit said it has established a North America Cyber & Technology Risk business unit. The new business is being led by John Coletti in …
A newspaper investigation has found that Tennessee has a loophole in its drunken driving law. The Commercial Appeal reported that its analysis found that a person could potentially spend more time in jail for driving drunk and getting pulled over …
A bill backed by key North Carolina lawmakers would require Duke Energy to close all of its coal ash dumps across the state within 15 years, with much of the toxic material going into lined landfills. The Associated Press obtained …
The sweet tea served in the tidy kitchen of Joanne Thomas’ antebellum home in Dukeville, North Carolina, comes with an ominous warning. “It’s made with bottled water,” says Thomas, a spry 71-year-old. “But the ice comes from our well.” For …
The opposing running back from Jack Crowe’s first game as a full-time high school coach died after a hit later in the 1972 season. Auburn’s starting fullback in 1983, Greg Pratt, collapsed and died after a preseason workout. Those two …
There’s no doubt that new advancements in the practice of hydraulic fracturing, or fracking, are driving the current production boom in the oil patch. The technique, which is used to retrieve oil and gas reservoirs that previously were inaccessible via …
The U.S. Congress is working to update laws on who gets paid for recorded music, in a possible omnibus bill, as old CDs pile up at yard sales and music lovers increasingly shift to streaming services such as Pandora and …
Ironshore Inc., the insurer led by executives who left American International Group Inc. in the financial crisis, filed for a $100 million initial public offering so that its backers can reduce their stakes. Bank of America Corp. and UBS AG …
