U.S.
Wells Fargo Auto Insurance Scandal Leads to Class Action Lawsuit
Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge ...
JLT Shareholders Sign Off on Planned Marsh & McLennan Acquisition
Marsh & McLennan Cos. Inc. said its $5.6 billion acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT's shareholders. Of those shares voted, 99.9 percent voted in favor ...
Insurance, Banking CFOs Are Becoming Key Players in Their Companies’ Digital Transformation: Accenture
Chief financial officers at insurers and banks are increasingly important to their companies' digital transformation, according to a pair of new research studies from Accenture. The studies, one for ...
AIG Will Exit Iran-Related Cargo Insurance Biz, Thanks to Trump Sanctions
American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by ...
Sirius International Is Now a Public Company, Thanks to Easterly Merger
Sirius International Insurance Group Ltd. is now a public company. The global multiline insurance and reinsurance group accomplished this by closing its previously announced merger with special ...
Insurance Linked Securities Reached Record Levels in Q3: Willis Re
The issuance of non-life insurance-linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re. The total exceeds the former Q3 record of ...
Climate Change Risks Forcing States, Cities to Borrow Billions in Move to Adapt
Dan Gelber, the mayor of Miami Beach, Florida, says climate change will be a homeowners' worst nightmare. "If you own a home and you find that your roof has a problem or you find out there's a ...
Executives On The Move at Great American Insurance Group and Swiss Re
An ex-Liberty Mutual executive joined Great American Insurance Group to help grow its cyber liability business. Swiss Re Corporate Solutions hired a new head of Property & Specialty Lines in ...