Industry News
Berkshire Hathaway to Acquire Alleghany for $11.6B
Berkshire Hathaway announced it will acquire Alleghany Corporation for $11.6 billion. Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash in a transaction that was ...
Executives on the Move at Swiss Re and FutureProof
Swiss Re has appointed Ivan Gonzalez as CEO Reinsurance China and China country president effective July 1, 2022. He will relocate from New York to Beijing. Katie McGrath will succeed Gonzalez as ...
Burn the Client or Burn the Carbon? AXA Grapples With Clean Energy Transition
The glass tower in Paris where AXA SA, one of the world's largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged ...
Cargo Thefts Down After Spike During Pandemic Lockdowns
A rash of railcar thefts in the Los Angeles area may have given a different impression, but nationally the number of reported cargo thefts dropped by 15 percent in 2021 compared to the prior year, ...
Executives on the Move at Erie, Marsh McLennan
Erie Insurance has named Parthasarathy Srinivasa as executive vice president and chief information officer, effective April 4. Srinivasa joins the company from Verisk Analytics, where he served as ...
Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth
According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial ...
Lloyd’s Slaps Record Fine on Atrium Underwriters for Bullying, Harassment
Lloyd's of London has fined syndicate member Atrium Underwriters over one million pounds ($1.31 million) for bullying and harassment, the largest fine it has imposed for misconduct, the commercial ...
Colo. Supreme Court Rules Adjuster Not Personally Liable for Denied Claim
A Colorado law that allows claimants to collect double coverage if a claim is unreasonably denied or delayed does not allow plaintiffs to hold claims adjusters personally liable, the state Supreme ...