Chubb announced that Robert C. Cox, division chairman of North America Financial Lines, will retire on July 1, 2016, bringing to a close a 35-year career with the company. Upon Cox’s retirement, Scott A. Meyer, division president, North America Professional …
Private equity firm Carlyle Group LP is in advanced talks to acquire the healthcare information technology division of U.S. data analytics company Verisk Analytics Inc., according to people familiar with the matter. Carlyle has so far prevailed in an auction …
Hartford Financial Services Group Inc. said that Chief Executive Officer Chris Swift’s pay package nearly doubled to $10 million for last year as stock awards climbed. The compensation included a $2.45 million bonus and more than $6 million in stock …
The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the coming year, according to a report …
The U.S. government panel that decided MetLife Inc. was too big to fail erred in not analyzing the insurer’s vulnerability to financial distress, according to the federal judge who rescinded that designation last week. U.S. District Judge Rosemary M. Collyer …
Ironshore’s Pembroke Managing Agency Ltd. has enhanced its directors & officers liability product for financial institutions to reflect U.K. regulation. The new regulation, known as the “Senior Managers Regime,” places greater personal accountability on senior managers of U.K. financial institutions, …
Allianz Commercial* announced it has increased its capacity for excess of loss cover, which will now allow brokers to purchase excess liability cover up to £50 million ($70.5 million) per individual class of business. The move, which supports Allianz’s ambition …
Anheuser Busch Inbev SA has been sued by a U.S. beer drinker who claimed he was duped into believing its Leffe brand beer was brewed in a Belgian abbey, rather than mass produced in an automated factory that also makes …
Environmental officials in Tennessee are advising the public not to come in contact with water in a lake near the Mississippi River in West Tennessee where a broken sewer line has resulted in “an extremely high level of E. coli.” …
An independent study has shown that school bus crashes are double the performance guideline in Knox County, Tennessee. Media outlets report the study was conducted by Missouri-based School Bus Consultants was made public last month. The school district commissioned the …
