Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to AM Best. “Reinsurers generally have realigned their risk profiles and are in a strong position to generate the …
The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports …
CONCORD, N.C. (AP) — A third child has died following a weekend house fire in North Carolina, officials said. Fire-fighting crews were dispatched to a one-story public housing duplex in Concord, northeast of Charlotte, shortly after 1:00 a.m. Sunday. Firefighters …
This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance, and the cyber insurer Coalition. AXA XL Names Hopkinson as Canada Country Manager AXA XL announced the appointment of Glen Hopkinson as the new country …
The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close-call aviation incidents. Earlier this month, the FAA and National Transportation Safety Board …
Aston Lark Ireland, a Howden company, announced it has agreed terms to acquire Kegra Ltd., (trading as Finance Solutions), a Dublin-based mortgage broking specialist. Terms of the acquisition, which is subject to regulatory approval, were not disclosed. Founded in 2011 …
Tesla Inc.’s May data breach impacted more than 75,000 people, included employee-related records and was a result of “insider wrongdoing,” according to a notice posted by the office of the Maine Attorney General Friday. A total of 75,735 people were …
This edition of International People Moves details appointments at Allianz Commercial and Chubb. A summary of the new hires follows here. Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution Allianz announced Alastair Warren-Upham has been appointed head of Distribution, …
HOUSTON (AP) – Sweltering temperatures lingered Sunday in a large swath of the central U.S., causing misery from the Gulf of Mexico almost to the Great Lakes. Record high temperatures were recorded in Texas and other states. People were told …
Three tropical storms are currently churning across the Atlantic Ocean in a dazzling start to the most active part of hurricane season. Traditionally, the basin starts to spin up its most powerful storm after Aug. 20 with the statistical peak …