Marsh & McLennan Completes $5.6 Billion Acquisition of Jardine Lloyd Thompson April 1, 2019 Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). “Today marks the...
Hard Brexit Fears Rise as UK Parliament Again Rejects Prime Minister’s Deal March 29, 2019 By William James, Kylie MacLellan and Elizabeth Piper Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on Friday, sounding its probable death knell and...
AIG Exits Individual Personal Lines Business in Canada March 29, 2019 By L.S. Howard American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in...
Swedbank Fires CEO on Growing Investor Criticism of Handling of Laundering Scandal March 29, 2019 By Esha Vaish and Johan Ahlander Swedbank dismissed Birgitte Bonnesen as chief executive on Thursday only an hour before its annual meeting after disgruntled shareholders rounded...
Mozambique City of Beira Tried to Battle Climate Change – Then Cyclone Idai Hit March 29, 2019 By Cara Anna Long before Cyclone Idai roared in and tore apart Mozambique’s seaside city of Beira, the mayor dreamed of protecting his...
Africa Re Joins World Bank’s IFC to Build Crop Insurance Market for Nigeria’s Farmers March 29, 2019 The International Finance Corp. (IFC), a member of the World Bank Group, announced it has signed an agreement with Africa...
Lloyd’s Chief Risk Officer Weaver Leaving Market After 16 Years March 29, 2019 Lloyd’s of London announced that Hilary Weaver, the corporation’s chief risk officer, is leaving at the end of March 2019...
Chubb Bermuda Names Porter Head of Financial Lines March 29, 2019 Chubb Bermuda has named Richard Porter as senior vice president, head of Financial Lines. In this role, Porter is responsible...
Shareholder Accuses Argo Group of Illegally Appointing Two Board Members March 29, 2019 By Mark Hollmer An Argo Group shareholder accusing the company and CEO Mark Watson III of extravagant spending practices now claims that the...
Brexit Political Impasse Deepens Even with Prime Minister’s Offer to Quit March 28, 2019 By Robert Hutton, Alex Morales and Tim Ross Britain’s political standoff over Brexit escalated further, with even Theresa May’s announcement that she’ll quit as prime minister doing nothing...