Drug Distributors Signal $26B Opioid Settlement with States to Proceed September 7, 2021 By Nate Raymond Three large U.S. drug distributors and drugmaker Johnson & Johnson will proceed with a proposed $26 billion settlement resolving claims...
People Moves: ALKEME in California Names Barton CEO; Western Security Adds Executives September 7, 2021 Ladera Ranch, Calif.-based ALKEME named Curtis Barton CEO. Barton will be responsible for ALKEME’s operations and overall strategic vision, and...
German Climate Groups Plan Legal Action Against Automakers, Wintershall September 7, 2021 Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler’s Mercedes-Benz , Volkswagen and gas...
Trinidad and Tobago Gets CCRIF Payment of $2.4M for August Heavy Rains, Flooding September 7, 2021 The Caribbean Catastrophe Risk Insurance Facility has made a payout of approximately US$2.4 million to the government of Trinidad and...
Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S. September 6, 2021 Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in late...
Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters September 6, 2021 Renaissance Insurance Group is planning to hold an initial public offering on the Moscow Exchange potentially as early as this...
AM Best Assigns ‘Excellent’ Ratings to Insurtech Next Insurance September 3, 2021 AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent)...
People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re September 3, 2021 This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan...
Florida Workers’ Comp Rates Set to Decrease, Again September 3, 2021 By Ezra Amacher Florida workers’ compensation rates are set to decline again as the National Council on Compensation Insurance (NCCI) has proposed a...
Inmates at Arkansas Jail Unaware They Were Given Anti-Parasite Drug to Treat COVID-19 September 3, 2021 By Andrew DeMillo inmates at a northwest Arkansas jail said they weren’t told a medication they were given to treat COVID-19 was actually...