News
Executives On The Move at CNA, JLT Specialty and More
CNA appointed a new president and chief operating officer for Specialty. JLT Specialty USA made a strategic hire for its Environmental team. Willis Towers Watson named a Midwest leader for its ...
Fla. Fails to Pass Workers Comp Reform
Florida businesses shouldn't expect relief for workers compensation rates—for this year at least. The Florida Legislature failed to pass legislation this session addressing 2016 decisions by the ...
AIG’s Problems Worsened U.S. Commercial Lines Insurance Sector’s 2016 Decline: Fitch
While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss ...
More Than a Quarter of Big UK Financial Firms Planning Brexit-Related Staff Moves
More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. ...
Wells Fargo Reportedly Mulling Sale of Insurance Brokerage Business
Wells Fargo & Co. is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said. The San Francisco-based lender has begun ...
AmTrust Spent More than $33M to Clean Up Accounting Issues
AmTrust Financial released its 2017 Q1 earnings statement on May 8, after pursuing an audit and having to restate a few years of earnings due to financial reporting concerns. Cleaning up its ...
More China Insurance Regulators Reportedly Under Scrutiny
Chinese investigators have questioned at least two more officials at the nation's insurance watchdog after starting a probe into the agency's former top official Xiang Junbo, according to a person ...
Blame Brexit: 9,000 Bank Jobs Will Move From London to EU Over 2 Years
The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to ...