KKR & Co Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the storied private equity firm’s billionaire co-founders Henry Kravis and George Roberts. The transition has been in the …
TigerRisk Names Former Harbor Hill Solutions CEO Kilduff to Head MGA Unit TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced the appointment of Jim Kilduff to head up the company’s managing general agents (MGA) business. Kilduff has 17 years …
Tokio Marine Highland, the Chicago-based property and casualty underwriting agency, announced it has launched fine art insurance for personal and commercial risks, which further enhances its suite of specialty risk management solutions. Christiane Fischer was appointed president of the Fine …
New rules will be needed to deal with operational risks from banks relying on outsourced “cloud” computing from Amazon, Google, Microsoft and others for providing services to customers, the Bank of England said on Friday. “Regulated firms will continue to …
A former executive at a Massachusetts shoe manufacturer convicted last month of embezzling $30 million from the company must also now surrender his $800,000 home, according to court records. A federal forfeiture notice shows the government will seize a Duxbury …
When the remnants of Hurricane Ida dumped record-breaking rain on the East Coast this month, staircases leading into New York City’s subway tunnels turned into waterfalls. In Philadelphia, a commuter line along the Schuylkill River was washed out for miles, …
Shamsa Mada points to her kitchen ceiling, dotted with mold and bubbling paint and stains that reveal signs of a leak from the upstairs bathroom. Off to her left she signals to where a door fell from a bottom cupboard …
When weather disaster strikes, observers near and far ask the same question: Climate change—is it or isn’t it? The simplest answer, yes, lacks specificity. All weather is a joint human-nature venture, because we’ve made the atmosphere hotter than it’s been …
A class action lawsuit that claims Australia is misleading investors by failing to disclose the impact of climate risk in its bonds will proceed after government lawyers failed to get the case dismissed. The lawsuit may continue as a class …
Renaissance Insurance Group JSC, Russia’s largest online policy provider, set a price range for its initial public offering in Moscow that values the company at as much as 73.3 billion rubles ($1 billion). That’s the top end of the 120 …
