Industry News
AIG Moving Private Client Group High Net Worth Biz to Independent MGA
Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of ...
Liberty Mutual Launches Global Cyber Office
Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build ...
Cinematographer’s Ukrainian Relatives Sue Baldwin Over New Mexico Set Shooting
The Ukraine-based relatives of a slain cinematographer are seeking damages in her death from actor Alec Baldwin in connection with a fatal shooting on the set of a Western movie, under a civil ...
Former AXIS Capital Chairman Butt, an Industry Trailblazer, Has Died
Albert A. Benchimol, president and CEO of AXIS Capital, has issued a letter of remembrance to colleagues about Michael A. Butt, the company's former chairman and industry leader, who died on Feb. ...
The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?
When aging water pumps in Jackson, Miss., were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers ...
Facebook Hit With $1 Million Fine Tied to User-Privacy Lawsuit
]]Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users' private information with third parties without permission. The ...
Zurich Insurance Net Income Fell 12%, Internal Profit Rose 12% in 2022
Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12 percent decrease from $5.2 billion in 2021, which was driven mainly by a lower level of capital ...
Granada Financial to Acquire Majority Interest in Topa Group
Granada Financial Group reports it has agreed to acquire a controlling interest in Topa Insurance Group from Anderson Holdings. While Granada will assume majority control, Anderson Holdings will ...