Commercial Lines
Hurricane Florence and Business Interruption: Floods Delay Shipments at Port of Wilmington
The Port of Wilmington in North Carolina remains shut in the aftermath of Hurricane Florence, freezing shipments of everything from fertilizer to textiles. Florence dropped as much as 40 inches (102 ...
Executives On The Move at AXIS, BHSI and The Hanover
AXIS Capital Holdings appointed a new leader of divisions that handle business in Ireland. Berkshire Hathaway Specialty Company expanded its leadership team in Dubai with a number of executive and ...
UK PM May Appeals to EU for Brexit Goodwill
Prime Minister Theresa May will call on the European Union to show "goodwill and determination" to avoid a disorderly Brexit, urging them to get behind Britain's offer of a "fair arrangement," a ...
Marsh & McLennan CEO Sensed an Opening and Acted Fast to Buy JLT
Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 ...
Insurers Globally Are Upbeat About Taking on More Investment Risks
Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment adviser BlackRock. Almost half (47 ...
Hurricane Florence Shuts Down Slaughter Plants, Damages Hog Manure Pits
U.S. food companies kept slaughter plants shut on Monday in southeastern states swamped by Hurricane Florence as catastrophic flooding killed nearly 2 million chickens, collapsed the walls of at ...
Visa, Mastercard Agree to $6.2B Class Action Settlement Over Swipe Fees
Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an ...
Marsh & McLennan Will Grab JLT for $5.7B; Deal Boosts Consulting Capacity
Marsh & McLennan Inc. agreed to buy Jardine Lloyd Thompson for about 4.3 billion pounds ($5.7 billion) to expand its global offering of reinsurance and consulting services, adding to the frenetic ...