BRUSSELS – Insurance broker Aon has offered to sell assets in several EU countries and the reinsurance unit of takeover target Willis Towers Watson to gain EU antitrust approval for its $30 billion acquisition bid, a person familiar with the …
SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people familiar with the situation told Reuters. Waterdrop, …
Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which …
Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group. Financial details of the deal were not …
San Diego County will pay $3.5 million to settle a lawsuit brought by the family of a mentally ill man who died after deputies tried to forcefully remove him from a jail holding cell, a newspaper reported. The Union-Tribune said …
A new study from the University of Hawaii’s School of Architecture has offered detailed short- and long-term design alterations that could help the state combat the effects of climate change. Scientists have warned that Hawaii could face a rise of …
Three general agencies specializing in employee benefits – LISI, BrokerNet USA and Amwins Group Benefits Small Business – have come together to form Amwins Connect Insurance Services, LLC, a national general agency. As a combined entity, Amwins Connect Insurance Services …
Los Angeles will pay nearly $1.6 million to settle three lawsuits involving alleged wrongdoing by the city’s police department, a newspaper reported. The City Council voted 12-1 this week to approve the payouts, which include $1.15 million for the shooting …
Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many micro-captive arrangements are not really about insurance. The IRS has stepped up examinations of …
State health officials are investigating two cases of hepatitis A in Jackson County restaurant employees. The cases potentially led to exposure for customers, The Mississippi State Department of Public Health said. Two employees of Brady’s Steaks and Seafood in Pascagoula …
