U.S.
Suit Alleges Maiden Holdings Failed to Address and Disclose AmTrust Portfolio Risks
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. ...
Dispute With Insurers Cited By Talc Supplier Filing Bankruptcy
Imerys Talc America Inc., which supplies talc for products including Johnson & Johnson's baby powder, filed for bankruptcy protection in an effort to end nearly a decade's worth of lawsuits ...
Specialty Broker USI Insurance Services Will Snatch Up U.S. Risk Insurance Group
Dallas-based property/casualty program and specialty brokerage firm U.S. Risk Insurance Group (U.S. Risk) announced it has agreed to be acquired by USI Insurance Services (USI). The transaction is ...
Alleged China Hacking May Draw Coordinated EU Response
European Union member states are considering a possible joint response to cyber attacks allegedly conducted by a Chinese state-linked hacker group after the U.K. presented evidence last month about ...
Executives On The Move at AIG, Holborn Corp. and the Global Insurance Accelerator
AIG picked a new head of communications for its Investments organization. Holborn Corporation hired a veteran Gen Re executive. The Global Insurance Accelerator brought on a new executive who will ...
Allstate Buys iCracked, an On-Demand Repair Service for Smartphones and Tablets
The Allstate Corp. has acquired iCracked, a provider of on-site, on-demand repair services for smartphones and tablets in North America. Financial terms were not disclosed. Allstate said it plans to ...
January Winter Storms, Extreme Cold Caused $1B in U.S. Econ Losses: Aon
January's cluster of winter storms and extreme cold have likely caused $1 billion in economic losses in the United States, according to Aon's January 2019 Global Catastrophe Recap. A number of ...
Suit Accuses CBS Execs of Selling Stock Before Disclosing Moonves Sexual Harassment Claims
CBS Corp. executives sold more than $200 million in company shares before disclosing to the public claims of sexual harassment against former CEO Les Moonves and other network officials, a California ...