Gallagher’s Pen Enters Specialist Marine Market With Purchase of Tay River Holdings April 3, 2023 Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced it has acquired Tay River Holdings Ltd.,...
Nine People Killed in Tennessee in Powerful Tornado System that Hit Region April 3, 2023 Nine people died in Tennessee’s McNairy County, east of Memphis, in the same deadly storm system that pounded parts of...
Executives of Alabama-based Austal Shipbuilding Accused of Inflating Earnings April 3, 2023 Three current and former former executives of a shipbuilder that constructs vessels for the U.S. Navy have been indicted on...
City of Buffalo Sues Kia and Hyundai Over Auto Thefts April 3, 2023 The city of Buffalo has filed suit against Kia and Hyundai seeking to hold the carmakers responsible for the rash...
Australia Contractor Downer Faces Class Action Lawsuit for Misreporting on Contract April 3, 2023 Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain...
People Moves: Chubb Names Chasseguet as Country President, France; MGA Pen Taps Gallaghers’ Alsegard as Head of IP; McLarens Appoints 5 for Mideast Team April 3, 2023 This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary...
Leading Investor Group NZAOA Toughens Stance on New Upstream Oil & Gas Projects April 3, 2023 The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct...
MS Amlin’s Long-Term Issuer Credit Rating Downgraded by AM Best April 3, 2023 AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the...
UN Maritime Agency Raises Safety Concerns About Shadow Oil Tanker Fleet April 3, 2023 By Alaric Nightingale and Thomas Gualtieri A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks April 3, 2023 By Laura Malsch and Alastair Marsh Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says...