3 Largest Opioid Distributors to Pay Native American Tribe $75M to Settle Claims September 29, 2021 By Nate Raymond The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic...
Cash-Strapped China Evergrande Sells Bank Stake to Repay Loan September 29, 2021 By Clare Jim and Karin Strohecker Cash-strapped China Evergrande Group left its offshore bondholders guessing whether it would pay interest on a bond coupon due Wednesday,...
Connected Motor Insurtech Ticker and Abacai Partner to Raise Capacity, Expand Offering September 29, 2021 UK connected motor insurtech Ticker and Abacai Group have partnered to increase Ticker’s capacity and introduce new levels of pricing...
ACORD Releases Re/Insurance Data Standards for Electronic Placing September 29, 2021 ACORD, the standards-setting body for the global insurance industry, announced the expansion of its Global Reinsurance & Large Commercial (GRLC)...
CNN Prevents Australians From Accessing Its Facebook Pages, Citing Defamation Risk September 29, 2021 By Byron Kaye SYDNEY – CNN said it is preventing Australians from accessing its Facebook Inc pages after a court ruled that publishers...
Broker BMS Re Launches Operations in Brazil, Led by 2 Former Guy Carpenter Execs September 29, 2021 BMS Re, the independent specialist reinsurance broker, announced the launch of BMS Brasil Corretora de Resseguros Ltda (BMS Re Brazil),...
People Moves: Amwins Global Risks Launches Underwriting Portfolio Mgmt; AXA XL Promotes MacFarlane to Head of Climate; R&Q Names Pinkes CEO of Legacy Insurance September 29, 2021 This edition of International People Moves covers appointments at Amwins Global Risks, AXA XL and Randall & Quilter. A summary...
Italian Insurer Cattolica Says Its Board Views Generali Takeover Offer as Fair September 29, 2021 Italian insurer Cattolica said on Tuesday that its board considers that bigger rival Generali’s takeover offer for it is at...
Arrowhead Expands Workers’ Comp Program in 5 Southeastern States September 29, 2021 Arrowhead General Insurance Agency, Inc. (Arrowhead) has announced the expansion of its Workers’ Compensation Program into five new southeastern states:...
Climate Change Ranks as Top Concern for Insurers, Replacing Pandemic September 29, 2021 By Alexandre Rajbhandari Climate change has returned to the top of the list of insurers’ biggest concerns as the vaccine roll-out and gradual...