Hawaii’s Kilauea Volcano Erupts Again, Summit Crater Glows January 9, 2023 Hawaii’s Kilauea began erupting inside its summit crater, the U.S. Geological Survey said, less than one month after the volcano...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...
Teva Says Opioids Settlement to Move Forward January 9, 2023 Israeli drugmaker Teva Pharmaceutical Industries Ltd said there was sufficient participation from U.S. states and local authorities to move forward...
French Drugmaker Servier Appeals 2021 Convictions Connected to Weight-Loss Pill January 9, 2023 French drugmaker Servier on Monday launched its appeal against manslaughter and deception convictions handed down by a Paris court in...
Georgia Has Funds for Testing Lead in Water But Few Schools Sign Up January 9, 2023 Lead exposure can have serious health consequences for children, but only a fraction of Georgia schools have signed up for...
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal January 9, 2023 Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million. In addition, a multi-year...
Mississippi Farms Settle Suits Over South African Laborers’ Higher Wages January 9, 2023 Two agriculture businesses in the Mississippi Delta and some Black farm workers have settled the workers’ lawsuits over claims the...
People Moves: AXA XL Promotes Coxall to Head of U/W Mgmt, UK & Lloyd’s; LSM Hires BNP’s Faulkner to Lead Digital Strategy in Europe; MS Amlin Beefs Up U/W Team January 9, 2023 This edition of International People Moves details appointments at AXA XL, Liberty Specialty Markets (LSM) and MS Amlin. A summary...
M&A Drops From 2021 Record High but Activity ‘Solid’: Marshberry January 9, 2023 Following a record year in 2021, insurance agency consulting firm Marshberry said the amount of mergers and acquisitions in the...
Judge Approves $11M Fund to Settle Suit Against Zywave January 9, 2023 A federal judge last week approved an $11 million deal to end a proposed class action lawsuit against insurance technology...