People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W May 9, 2023 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re May 9, 2023 While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven...
EU Plans Tough ‘Value for Money’ Rules for Investment Products: Draft Proposals May 9, 2023 By Huw Jones Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across...
Hottest Ever April Recorded in Spain, Portugal as Heat Wave Hits Europe May 9, 2023 By Laura Millan Spain and Portugal recorded their hottest April on record as a mass of hot air brought temperatures above 30C and...
7th Circuit: D&O Insurer Must Pay Settlement for Drugmaker’s Kickback Case May 9, 2023 By Jim Sams Federal Insurance Co. must pay the $10 million policy limit in a directors and officers policy issued to Astellas Pharma,...
Byron Allen Sues McDonald’s for Allegedly Lying About Commitment to Black Media May 9, 2023 By Jonathan Stempel The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to...
Twitter Beats Two Lawsuits Stemming From Mass Layoffs, for Now May 9, 2023 By Daniel Wiessner A California federal judge on Monday dismissed a proposed class action accusing Twitter Inc of targeting female employees for layoffs...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 9, 2023 By L.S. Howard The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the...
Light Duty or Scheme to Avoid Workers’ Comp Claim? Florida Appeals Court to Decide May 9, 2023 By William Rabb Most people will be familiar with the posters at workplaces noting the number of days since a lost-time work injury....
People Moves: CREST Insurance Group in Arizona Names Cannatella Vice President May 9, 2023 Crest Insurance Group, headquartered in Scottsdale, Arizona, named Steve Cannatella as a vice president of employee benefits. Cannatella spent the...