People Moves: Chubb Promotes Walker to Head of Aerospace; Fidelis Names Stewart, Davern as Co-Deputy CUOs, Bellamy as Head of Property Reinsurance November 12, 2021 This edition of International People Moves details promotions at the insurers Chubb and Fidelis Insurance. A summary of these new...
KPMG Sued for $600M Over Role in Insolvency of Dubai Private Equity Firm Abraaj November 12, 2021 KPMG LLP was sued for at least $600 million over its role in the insolvency of Dubai private-equity firm Abraaj...
NFP Acquires Western Canada’s Foster Park Brokers Inc. November 12, 2021 NFP, the New York City-based insurance broker and consultant, announced the acquisition of Canada’s Foster Park Brokers Inc. Details of...
Berkshire Hathaway Specialty Insurance Opens Third Office in Germany November 12, 2021 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded in Germany, opening a new office in Frankfurt. The company already...
Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Pure Reinsurer November 12, 2021 Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI...
Chinese Insurer Ping An Plans to Sell $2.1B Stake in Autohome: Sources November 12, 2021 By Julie Zhu and Kane Wu HONG KONG – Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
Astroworld Festival Death Tolls Rises to 9 November 12, 2021 By Juan A. Lozano A Texas A&M University student critically injured in the Astroworld music festival has died, making her the ninth person to...
Judge Approves $625 Million Settlement in Flint, Michigan Water Litigation November 12, 2021 By Ed White A judge approved a $626 million deal to settle lawsuits filed by Flint residents who found their tap water contaminated...
Insurers for High Crime Areas on Notice after Georgia Court Affirms $43M Verdict November 12, 2021 By William Rabb A Georgia appeals court has upheld a $43 million premises liability verdict against the CVS Pharmacy chain, ruling that the...