Specialty
Zurich Insurance Chief Investment Officer Named as New Swiss Markets Watchdog
Switzerland's markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss, tapping an insurance industry veteran to lead the financial supervisor. ...
Executives On The Move at Chubb and AXIS
Chubb's Westchester division promoted an executive to a new role. AXIS Re appointed an executive to a leadership role within its AXIS Re Strategic Partners division. *** Thomas McLaughlin has been ...
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon
June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon's latest natural ...
Allianz Investment Arm Plans to Slash Investment in Some Coal Businesses
Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that ...
EU OKs $30B Aon/Willis Towers Watson Merger; U.S. Roadblocks Remain
The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. But there are more roadblocks to overcome. The ...
Canada Halts Trains for 48 Hours in Parts of B.C. After Wildfire Surge
Canada on Friday ordered trains to cease operations for 48 hours in areas of British Columbia hit by a recent spate of wildfires, including one that wiped out an entire town and killed two people, ...
Progressive Plans Hiring Spree: 6,400 New Employees by Year’s-End
Progressive Insurance is embarking on a hiring spree. The insurer said it intends to hire up to 6,400 new employees across the country during the remainder of 2021. The Mayfield Village, ...
Tokio Marine, Other Frustrated Olympic Sponsors Cut Back Promotional Events
Japanese Olympics sponsors are canceling or scaling back booths and promotional events tied to the Tokyo 2020 Games, frustrated by "very last minute" decisions by organizers and a delay on whether ...