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Swiss Re Corporate Solutions Names Wally Country Manager South Africa

Swiss Re Corporate Solutions has named Natasha Wally as Country Manager for South Africa. She will head up the company’s wholly owned subsidiary, Swiss Re Corporate Solutions Advisors South Africa Pty. Ltd. Wally will be based in Johannesburg and in …

Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula

Typhoon Chan-hom, which caused the evacuation of about a million people and the cancellation of hundreds of air flights in eastern China on Saturday, weakened as it moved northeast along the East China ocean toward the Korean peninsula. Chan-hom was …

PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer

PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger. The two Bermuda-based insurers postponed …

Lawsuit Filed Over Evacuations in Tennessee Train Derailment

A lawyer says he has filed a lawsuit on behalf of residents who were evacuated when a CSX train car carrying hazardous material derailed and caught fire in East Tennessee on July 1. Maryville attorney Kevin Shepherd said July 10 …

Florida Approves Removal of More Than 80,000 Policies from Citizens

The Florida Office of Insurance Regulation (FLOIR) approved the removal of up to 80,000 personal residential policies and 1,050 commercial residential polices from Citizens Property Insurance Corp. (Citizens) by the following three companies: Heritage Property & Casualty Insurance Co. – …

Blue Bell to Test New Quality-Control, Safety Procedures at Alabama Plant

Blue Bell Creameries said July 8 that it plans to test production runs at its Alabama plant as the company inches toward putting its ice cream back on grocery store shelves. Blue Bell notified Alabama health officials and the U.S. …

South Carolina High Court Further Reduces Penalty on Janssen Pharmaceuticals

South Carolina’s highest court further reduced the penalty against a Johnson & Johnson subsidiary accused of deceptive marketing of an anti-psychotic drug. The decision was to substitute the same verdict the court reached in February in order to correct a …

Claiming Musical-Chairs Injury Arkansas Woman Sues for $75K

A former student of a Malvern college wants the state of Arkansas to pay her $75,000 in damages after she said she broke two fingers during a classroom game of musical chairs. Robin Earnest of Saline County said she and …

Harmful Treatments Get Michigan Doctor 45 Years in Prison

Calling the scheme “horrific,” a judge sentenced a Detroit-area cancer doctor to 45 years in prison for collecting millions from insurance companies while poisoning more than 500 patients through needless treatments that wrecked their health. U.S. District Judge Paul Borman …

JLT Specialty Insurance Appoints Benvenuto as EVP in Chicago

JLT Specialty Insurance Services Inc. (JLT Specialty USA), a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), appointed Robert “Bennie” Benvenuto as executive vice president and member of the U.S. Executive Committee. He is based in Chicago. Benvenuto will …

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