Big business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which legal experts say could curtail a booming type of investor class actions. An affiliate of the U.S. Chamber of Commerce …
American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55, oversees property-casualty insurance and will be CEO and …
Global specialty insurer Torus announced that Jaap Gispen has been appointed Branch Manager in Rotterdam, to lead the company’s Netherlands-based operations, subject to regulatory approval. He will report to Demian Smith, Chief Executive of Torus’ International Region and Richard Etridge, …
A new report from A.M. Best determined that “stocks for publicly traded reinsurance companies, including the four top European players, performed below the overall market for the first quarter of 2014, declining 1.3 percent, likely due to continued concerns over …
Fitch Ratings announced that it has upgraded Lloyd’s of London’s Insurer Financial Strength (IFS) rating to ‘AA-‘ from ‘A+’, and has also upgraded the Society of Lloyd’s Long-term Issuer Default Rating (IDR) to ‘A+’ from ‘A’ and Lloyd’s Insurance Company …
With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is that however much they …
Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., said it acquired certain assets of Gaston & Associates Inc. in Mount Kisco, N.Y. Terms were not disclosed. With origins dating back to 1895, Gaston & …
The Hoover District site will soon become the new location for the area’s Ohio Bureau of Workers’ Compensation (BWC) Service Office. The office, located at 339 E. Maple Street in North Canton, will house approximately 100 employees serving Canton area …
When a 17-year-old boy was arrested in May in a suspected arson fire that scorched 76 forested acres near Cass Lake, Minn., it was just the latest indication the city has a problem with fire-setting. An analysis of arson statistics …
Argo Surety, together with SureTec Financial Corp., is now providing expanded combined capacity for the middle market contract surety segment. Through the new program, Argo Surety and SureTec can extend up to $50 million in contract bond capacity to select …
