Insurer Aspen Completes $3.12B Loss Portfolio Transfer With Run-Off Specialist Enstar May 23, 2022 Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, has completed a previously announced loss portfolio transfer agreement (LPT) with Aspen...
Grand Jury Indicts Former Georgia Insurance Commissioner Oxendine on Fraud Charges May 23, 2022 By Kate Brumback A former Georgia insurance commissioner has been indicted on federal charges related to an alleged health care scheme. A federal...
Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase May 23, 2022 By Keith Laing Cars on US roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new...
New Mexico Wildfire Evacuees Worry About Their Future May 23, 2022 As more than 2,700 firefighters in northern New Mexico continued to battle the nation’s largest active wildfire on Sunday, many...
Spring Colorado Snowstorm Knocks out Power for 210K May 23, 2022 A late spring Colorado snowstorm dumped several inches in the Denver metro area Saturday and knocked out electricity for about...
Data Breach-Related Securities Suit Filed Against Cyber Firm Okta May 23, 2022 By Chad Hemenway Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit...
People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia May 23, 2022 This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these...
Insurer FWD Wins Approval for Hong Kong IPO May 23, 2022 By Pei Li FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned...
Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030 May 23, 2022 By Karin Matussek First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker. In the wake of a...
Global Power Grids Face Biggest Test in Decades With Summer Blackouts Expected May 23, 2022 By Dan Murtaugh, Rajesh Kumar Singh and Naureen Malik Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest...