News
Executives On The Move at Allianz, CNA, SCOR and More
Allianz Global Corporate & Specialty promoted two executives. CNA appointed someone to lead efforts involving Commercial Underwriting for Errors & Omissions, Cyber and Media. SCOR made four ...
Marsh & McLennan Acquires Large Southeast Broker J. Smith Lanier
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has agreed to acquire West Point, Ga.-based J. Smith Lanier & Co., one of the nation's largest, privately held ...
Davos Report Calls for Businesses to ‘Unlock’ $12 Trillion in Opportunities
Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few key development goals, according to a study by a group including ...
Supreme Court to Weigh Legality of Employee Arbitration Agreements
The U.S. Supreme Court last Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in ...
Lloyd’s Considering 5 Locations for New Post-Brexit EU Subsidiary
Lloyd's of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain's exit from the ...
Britain to Make Clean Break with EU Market Under May’s ‘Hard Brexit’
Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world's largest ...
Natural Disasters Caused $54 Billion in Insured Losses in 2016: Aon Benfield
Overall, 26 percent ($54 billion) of economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower ...
Berkshire Hathaway Wins Reinsurance License in Malaysia
Berkshire Hathaway Specialty Insurance announced that it has received a license to provide non-life reinsurance in Malaysia and has established a new office in Kuala Lumpur. "After putting down roots ...