People Moves: Aon Names WTW’s Forsgård as CEO, Nordic Region; Marshmallow Hires Gillard as Chief People Officer; Sedgwick Appoints Norman for Biz Development October 15, 2021 This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P October 15, 2021 For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget...
Everest Re, AXIS Capital Estimate Costs of Q3 Natural Catastrophe Losses October 15, 2021 Everest Re Group Ltd. and AXIS Capital announced their preliminary third quarter 2021 catastrophe losses. In advance of its full...
Australia’s Regulator Sues Unit of IAG for Failing to Honor Promised Discounts October 15, 2021 Australia’s corporate regulator commenced civil proceedings against a unit of Insurance Australia Group on Friday, for failing to pass on...
Corporate Climate Risk Disclosures Still Falling Short, Regulators Say October 15, 2021 By Huw Jones and Simon Jessop Around half of companies assessed have begun to apply globally agreed climate-related disclosure standards for helping investors to pick firms...
MGAs Can Build Broker Relationships – Even in a Hard Market: Aston Lark’s CEO October 15, 2021 By L.S. Howard How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide...
France’s AXA to Invest €1.5B to Fight Deforestation, Preserve Biodiversity October 15, 2021 French insurer AXA said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as...
Illinois Construction Contractor Cited for Workplace Hazards; Fined $229.7K October 15, 2021 For the sixth time in seven years, a federal workplace inspection has found a Roselle, Illinois, construction contractor putting workers...
Johnson & Johnson Places Talcum Liabilities Into Bankruptcy October 15, 2021 By Mike Spector and Dan Levine Johnson & Johnson on Thursday put into bankruptcy tens of thousands of legal claims alleging its Baby Powder and other...
Lawsuit Seeks SEC Enforcement of Proxy Adviser Restrictions October 15, 2021 By Jessica DiNapoli The National Association of Manufacturers (NAM), a business group, sued the U.S. securities regulator on Wednesday for refusing to enforce...