Don’t Look Now, But More Reinsurance Price Increases on the Way September 8, 2022 Fresh on the heels of massive reinsurance price increases in June, which helped send some property insurers into insolvency or...
Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience September 8, 2022 Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide...
Crist Again Slams DeSantis’ Handling of Florida Insurance Debacle September 8, 2022 U.S. Rep. Charlie Crist, a Democratic candidate for governor of Florida, has continued to needle incumbent Gov. Ron DeSantis for...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate September 8, 2022 Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International...
New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
Starbucks to Rehire 7 Workers Fired During Tennessee Unionization Effort September 8, 2022 Coffee store giant, Starbucks Corp., will reinstate seven employees who were fired in February after leading an effort to unionize...
People Moves: Burns & Wilcox Adds Jurkovich; Homes Murphy Adds Pickett in Employee Benefits September 8, 2022 Burns & Wilcox added California-based Joe Jurkovich and promoted Tom Carvalho and Evan Hudson. Jurkovich joins as associate managing director,...
Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus September 8, 2022 By Benjamin Robertson and Will Louch Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs...
Web-Connected Devices May Have to Meet New EU Cybersecurity Rules September 8, 2022 By Jillian Deutsch Providers of internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements...
UK Government to Pursue ‘Big Bang 2’ Reforms for City of London: New Chancellor September 8, 2022 By Katherine Griffiths Kwasi Kwarteng, the UK’s new chancellor of the exchequer, said the government will pursue sweeping financial reforms to unleash growth...