Industry News
Watsa’s Fairfax Leads Eurobank Investor Group Betting on Greek Turnaround
International investors are to invest 1.3 billion euros ($1.8 billion) in Eurobank to become the bailed-out Greek bank's biggest shareholders in another sign of growing market confidence in Greece. ...
NHL Sued by TIG Insurance Over Defense of Concussion Lawsuits
The National Hockey League was sued by an insurer seeking to limit its duty to defend the league in lawsuits alleging it concealed the long-term effects of concussions and failed to warn players of ...
Mississippi Commissioner Files Motion to Drop Flood Insurance Suit
The Mississippi Department of Insurance will drop a lawsuit filed in 2013 against the National Flood Insurance Program. The lawsuit, filed in federal court in Jackson, sought to block flood insurance ...
RSA U.K. Boss Brown Resigns, Moving to A.J. Gallagher Spot
RSA Insurance Group Plc said the head of its U.K. and western Europe business will leave the company, marking the second resignation of a senior manager since Stephen Hester was hired to revamp the ...
FIO Seeks Comments on Auto Insurance Affordability
On April 10, the Federal Insurance Office, citing its authority under the Dodd-Frank act to monitor whether underserved communities have access to affordable insurance, posted a request for comments ...
J.D. Power, RIMS Team Up to Measure RM Satisfaction With Carriers, Brokers
J.D. Power and RIMS announced Wednesday that they have teamed up for the inaugural J.D. Power 2014 Large Business Commercial Insurance Satisfaction Study, slated to publish in November, which will ...
Willis Launches Product Contamination Insurance Exclusively for Food and Beverage Industry
Willis Group Holdings on Wednesday announced the launch of Recall Shield, a new product contamination insurance product, in partnership with XL Group. Recall Shield has been designed with the BRC ...
Lancashire Holdings Founder Richard Brindle to Retire
Lancashire Holdings Ltd. announced Wednesday that Richard Brindle, who has served as CEO of the group since he founded the business in 2005, will be retiring effective April 30. Alex Maloney, ...