Executives On The Move at Everest Insurance and AmTrust Financial Services
Everest Insurance added four new executives to its Financial Lines Team as part of a broader expansion of the line. AmTrust Financial Services appointed a new Head of Litigation.
Argo Activist Shareholder Voce Seeks Special Meeting to Elect New Board Members
Activist shareholder Voce Capital Management LLC is renewing its fight with the board of Argo Group International Holdings Ltd. This time, Voce is calling for a special meeting of Argo shareholders ...
U.S. Prosecutors to Pursue Criminal Probe of 6 Pharma Companies Over Opioid Shipments
Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare ...
Appeals Court Upholds $70M Verdict Against J&J Over Risperdal Side Effects
A Pennsylvania appeals court upheld a $70 million verdict against Johnson & Johnson in a lawsuit charging its Risperdal anti-psychotic drug caused a man to grow female breasts and also ruled that ...
MiddleGame Ventures Raises $165.4M for InsurTech, Other Startup Investments
MiddleGame Ventures, an InsurTech and fintech-focused venture firm, has raised a new $165.4 million fund that will target investments in Europe and North America. The Luxembourg-based operation has ...
InsurTech Cytora, MGA C-Quence Partner to Quicken Commercial P/C Underwriting Processes
Digital managing general agent C-Quence and InsurTech Cytora are partnering to advance broker processes for commercial property/casualty underwriting. C-Quence will launch its P/C line of products in ...
Global Temperature Jumps Could Bring ‘Wide-Ranging’ Consequences: U.N. Report
Global temperatures could rise sharply this century with "wide-ranging and destructive" consequences after greenhouse gas emissions hit record levels last year, international climate experts warned ...
German Museum Finds It Has No Jewel Insurance After $1B Theft
A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens ...
AIG Selling Bulk of Fortitude Re to Carlyle, T&D Holdings for $1.8B
American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created ...