Global shipping lines are increasingly shying away from handling cargoes to Iran as restrictions on banking and insurance continue unabated, despite an interim agreement between Tehran and the West that called for limited sanctions relief. Iran in the past depended …
Willis Group Holdings plc announced that it has received the relevant regulatory approvals from the Monetary Authority of Singapore and has completed its acquisition of specialist broker Charles Monat Limited, a life insurance solutions provider to high net worth clients.Willis …
A deep-sea hunt for the missing Malaysian passenger jet has focused on the wrong place for nearly two months, officials said today, after a survey of a remote stretch of the Indian Ocean found no trace of wreckage. A zone …
ING Groep NV will try to execute Europe’s biggest initial public offering this year even as investor demand declines and competing share sales increase. The largest Dutch financial-services company is seeking to value its European insurance unit NN Group NV …
A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost of reinsurance is “more of a problem than …
President Barack Obama will announce $86 million in projects to improve detection of concussions in children and research their effects, an effort to reassure parents concerned by the rise of brain injuries in youth sports. The initiatives will be largely …
A New York state judge has rejected a request by Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, to dismiss a long-running civil lawsuit by the state’s attorney general. Greenberg, now 89, and former AIG Chief …
New York City officials are launching a hurricane awareness campaign to help residents prepare for the upcoming storm season. “Know Your Zone” is being billed as a “one-stop-shop” for hurricane preparedness. New Yorkers can log onto the city’s website (http://nyc.gov/knowyourzone) …
Liberty Mutual Insurance’s Specialty Excess Casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast.
Keystone Insurers Group has named Matthew Sinosky as its director of business development. He is based in Keystone’s Northumberland, Penn., headquarters.
