Update: Marsh McLennan Q4 Net Income Jumps 100%; 6,000 Employees Added in 2021; Cyber Still Growing January 27, 2022 By Chad Hemenway Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803...
People Moves: AEGIS London Names Powell CEO, as Croom-Johnson Retires; Corvus Hires Zurich’s Delvos as 1st Head of Int’l; HDI’s Jackson to Lead Aviation at Apollo January 27, 2022 This edition of International People Moves details appointments at AEGIS London, Corvus Insurance and AEGIS London Names Powell as CEO,...
BlackRock Agrees to $300M Loan for Root Insurance January 27, 2022 Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance...
UK Business Closures Jump 14% as Pandemic Takes Brutal Toll on Small Firms January 27, 2022 By Andrew Atkinson Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic...
Generali to Raise Stake in Indian P/C Insurance Joint Venture to 74% January 27, 2022 Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the...
How Insurers Can Build Operational Resilience With Low-Code Application Programs January 27, 2022 By Karen Stanford The global pandemic has shown how vital it is for firms to understand the services they provide and to invest...
Alera Group Acquires Gales Agency in Michigan January 27, 2022 Alera Group has acquired Gales Agency,Inc., an independent insurance agency providing a full line of insurance products including home, business,...
Appeals Court Rules Farm Bureau Must Pay in Full for Second Fire in Home January 27, 2022 The United States Court of Appeals for the Eighth Circuit affirmed a district court’s ruling that Farm Bureau Property &...
People’s Trust Must Hand Over Underwriting Manuals in Claims Litigation, Court Says January 27, 2022 A property insurer must give up its underwriting manuals in a claims dispute, a Florida appeals court said Wednesday. In...
Police Officer’s Immunity Does Not Extend to New York County Employer: U.S. Court January 27, 2022 By Andrew G. Simpson A municipality in New York may be held liable for wrongful action by an employee even though the employee was...