For MetLife Inc. Chief Executive Officer Steve Kandarian, the scariest risk is being classified as risky. MetLife lawyers go to court Wednesday seeking to overturn a too-big-to-fail designation in a lawsuit that could, if the insurer prevails, reduce the government’s …
American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according to people familiar with the company’s portfolio. The insurer has holdings in more than 100 funds and plans to cut …
Global insurance brokerage and risk management firm Integro Insurance Brokers Holdings Ltd. announced that entertainment specialist broker Kevin O’Shea has joined Integro’s UK Film & Television team, part of the firm’s entertainment practice, in London. A Chartered Insurance Broker, O’Shea …
Hackers used malware to penetrate the defenses of a Russian regional bank and move the ruble-dollar rate more than 15 percent in minutes, according to a Moscow-based cyber-security firm hired to investigate the attack. Russian-language hackers deployed a virus known …
Lloyd’s have confirmed the election of three new members to the Council of Lloyd’s. Julian James and Neil Maidment were elected following a vote of working members of the Society of Lloyd’s and will serve a three year term. Philip …
While UK-based small and medium sized enterprises (SMEs) want to access opportunities in emerging and growth economies, they remain dependent on the European Union, which suggests that SMEs could be disproportionately affected if Britain votes to leave the EU in …
Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at Yammer and PayPal who …
Climate change may have fueled the outbreak of the mosquito-born Zika virus in Latin American and make it harder for developing countries to manage future epidemics, researchers said. Record-high temperatures last year in Brazil, Ecuador and other South America countries …
Sompo Canopius AG has announced a number of changes to its organizational structure. The company is simplifying its underwriting management and structure to enhance cohesiveness and focus on profitability across the group. It is also making some changes to its …
Tennessee Department of Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak was elected as vice president of the National Association of Insurance Commissioners (NAIC), the nation’s insurance regulatory support organization. McPeak was elected vice president after a Feb. 7 special …
