Monthly Archives: <span>February 2024</span>

People Moves: AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate; Xenia Taps Stennett From Allianz Trade as CEO

This edition of International People Moves details appointments at AXIS Capital Holdings and Xenia Broking Group. A summary of these new hires follows here. AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate AXIS …

False Claims Act Cases Resulted in $2.7B in Fiscal Year 2023: DOJ

The U.S. Department of Justice said a record 543 settlements and judgements under the False Claims Act resulted in about $2.7 billion in the fiscal year ending Sept. 30, 2023. The amount of settlements and judgements was a 54% increase …

Jury Must Decide If Virginia Sheriff’s Killing of Dog Was Constitutional

A Virginia deputy sheriff must face a jury over whether his shooting to death of a dog was justified or if it was unconstitutional before it can be determined if he is entitled to qualified immunity, a federal appeals court …

Direct Line Rejects ‘Unattractive’ £3.1 Billion Bid From Ageas

Direct Line Insurance Group Plc said its board unanimously rejected a bid from Ageas, describing the offer as “uncertain” and “unattractive.” The Belgian insurer said in a regulatory filing Wednesday that “it is in the preliminary stages of considering a …

FTP of California Rebrands as Hinterland Insurance Amid Continued Expansion

Company headquarters moved to Denver, CO Denver, CO, February 28, 2024 – FTP of California, LLC, announced today it has rebranded to Hinterland Insurance (‘Hinterland’), and moved company headquarters to Denver, Colorado’s Tech Center. The rebrand comes as part of …

Houthis Say They Could Reassess Red Sea Attacks if Israeli ‘Aggression’ Stops

Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Sea once Israel ends its “aggression” in the Gaza Strip. Asked if they would halt the attacks if a ceasefire …

Banks, Insurers Targeted as Climate Group Seeks EU Review of Deforestation Rule

Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation rule, in a move designed to preempt an official review of the regulation next year. UK-based nonprofit Global Canopy says …

Southern Water Fined for Sewage Spill That Killed 2,000 Fish in England

Southern Water was fined £330,000 on Tuesday after admitting a raw sewage spill that killed thousands of fish on the edge of England’s South Downs National Park. Southern, which supplies more than 4.6 million people in England, acknowledged that sewage …

UK Has More ‘Fragile Firms’ Than EU Peers: Allianz Report

The UK has the highest proportion of “fragile firms” out of all major European economies, another sign of the headwinds facing Prime Minister Rishi Sunak as he attempts to boost growth. About 15% of small and medium-sized enterprises in the …

Wildfires Forces Texas Panhandle Residents to Shelter in Place

Officials have ordered nearly 5,000 residents in the Panhandle cities of Canadian, Fritch and Glazier to shelter in place Tuesday as four separate wildfires engulfed the region, burning more than 280,000 acres. Residents in Hemphill County, where Canadian is, were …