News Archives - Insurance Journal

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1 02, 2024

Spenner Named Gallagher Re’s CEO, International, as Melia Retires

By | February 1st, 2024|Uncategorized|Comments Off on Spenner Named Gallagher Re’s CEO, International, as Melia Retires

Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. He joined Willis …

1 02, 2024

Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’

By | February 1st, 2024|Uncategorized|Comments Off on Top European Leaders Test Positive for Cancerous ‘Forever Chemicals’

Chemicals linked to severe health issues including cancer, infertility, birth defects and immune system disruptions are everywhere and no one is safe from them — not even top politicians, according to a campaign advocating for a European Union-wide ban. Former …

1 02, 2024

People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber

By | February 1st, 2024|Uncategorized|Comments Off on People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber

This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service Company Probitas, the Lloyd’s insurer, announced appointment of Robbin Botnick …

12 01, 2024

Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace

By | January 12th, 2024|Uncategorized|Comments Off on Ex UK Goldman Sachs Manager Seeks $1.27M Over Harm From ‘Dysfunctional’ Workplace

A former senior Goldman Sachs manager is seeking around 1.0 million pounds ($1.27 million) from the Wall Street bank in London over allegations that bullying and a dysfunctional workplace destroyed his physical and psychological health. Ian Dodd, a 55-year-old former …

12 01, 2024

People Moves: Allstate Names Fiato EVP and Chief Claims Officer; TNEDICCA Names Progressive’s Pratt to Board

By | January 12th, 2024|Uncategorized|Comments Off on People Moves: Allstate Names Fiato EVP and Chief Claims Officer; TNEDICCA Names Progressive’s Pratt to Board

Allstate, headquartered in Northbrook, Ill., named Mike Fiato as executive vice president and chief claims officer, effective Jan. 22. Fiato joins Allstate with more than 32 years of industry experience. Most recently, he served as executive vice president and chief …

12 01, 2024

Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast

By | January 12th, 2024|Uncategorized|Comments Off on Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast

Tiny white plastic pellets are washing ashore in Spain’s northwestern coast by the millions, with hundreds of volunteers leading the clean up as authorities struggle to coordinate and companies decline any responsibility. A tanker ship lost six containers off the …

12 01, 2024

Bank of England May Tighten Up on Life Insurers’ Use of Offshore Reinsurance

By | January 12th, 2024|Uncategorized|Comments Off on Bank of England May Tighten Up on Life Insurers’ Use of Offshore Reinsurance

The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers increasingly rely on this offshore sector. Funded reinsurers help insurers manage the …

12 01, 2024

Brexit Has Cost UK More Than $178 Billion so far: London Mayor

By | January 12th, 2024|Uncategorized|Comments Off on Brexit Has Cost UK More Than $178 Billion so far: London Mayor

Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the shortfall seen reaching …

12 01, 2024

Omaha Beef Processing Plant Faces $274K in Fines Following Worker’s Amputation

By | January 12th, 2024|Uncategorized|Comments Off on Omaha Beef Processing Plant Faces $274K in Fines Following Worker’s Amputation

A federal investigation into how an employee suffered a serious hand injury at an Omaha, Nebraska beef processing plant in June 2023 identified more than a dozen willful and serious violations related to the company’s failures to protect its workers …

12 01, 2024

Dallas Auto Dealer That Gave Employee Racist ‘Trophy’ Fined $22K

By | January 12th, 2024|Uncategorized|Comments Off on Dallas Auto Dealer That Gave Employee Racist ‘Trophy’ Fined $22K

AOD Ventures, Inc. doing business as Autos of Dallas, a local retailer of pre-owned vehicles in the Dallas-Fort Worth area, will pay $22,500 and furnish other relief to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity …