Curi Holdings, a Raleigh-headquartered medical liability insurance company, plans to merge with Minnesota-based Constellation Inc., creating a company with more than $2 billion in assets, the companies said in a press release. Curi, which notes it is malpractice insurance for …
New Zealand’s government on Thursday announced NZ$700,000 ($450,000) in additional funding to help rebuild flood-ravaged Auckland and other areas in the upper north island as residents of the country’s second-largest city start cleaning up. Auckland and much of New Zealand’s …
This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS); Berkshire Hathaway Specialty Insurance (BHSI), and HDI Global Specialty. A summary of these new hires follows here. AGCS Taps Chaucer’s Graham for Marine Team in …
A federal investigation has found a Connecticut contractor’s failure to provide legally required safeguards and make sure they were in place to prevent trench collapses contributed to the death of an employee buried when an 8-foot-deep trench caved in. Investigators …
Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global Clients and Solutions. Swiss Re Corporate Solutions will continue as …
As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in revenue. Results were in comparison to net income of $790 million for Q4 2021. …
More than 13,500 Nigerians joined their communities in a lawsuit against Shell Plc before a landmark UK trial that could have far-reaching implications for parent-company responsibility over the actions of foreign subsidiaries. The residents of the crude-rich Niger Delta are …
UK regulators have started an investigation following a cyberattack on London-based ION Trading UK that’s snarled global derivatives trading. The Financial Conduct Authority and the Prudential Regulation Authority are among departments involved in the probe, according to people familiar with …
Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the sector and the collapse of exchange FTX highlighted risks that need addressing. Cryptoassets, such as bitcoin BTC=BTSP, have little direct …
A climate activist group is urging the US Securities and Exchange Commission to investigate whether Shell Plc’s claims about its investments in renewable energy are misleading to investors. Global Witness said that it filed a complaint with the SEC’s Climate …
