News Archives - Insurance Journal

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18 07, 2023

Hub Acquires Edbrooke/Stelcner Associates in Florida

By | July 18th, 2023|Uncategorized|Comments Off on Hub Acquires Edbrooke/Stelcner Associates in Florida

Global insurance broker Hub International Limited announced that it has acquired the assets of Edbrooke/Stelcner and Associates, Inc. in Coral Gables, Florida. Edbrooke/Stelcner is an employee benefits brokerage and consulting firm specializing in the aviation, hospitality and healthcare industries, Edbrooke/Stelcner …

18 07, 2023

Memphis Grizzlies’ Ja Morant Seeks ‘Stand Your Ground’ Immunity for Punch Lawsuit

By | July 18th, 2023|Uncategorized|Comments Off on Memphis Grizzlies’ Ja Morant Seeks ‘Stand Your Ground’ Immunity for Punch Lawsuit

The future of a lawsuit accusing Memphis Grizzlies star Ja Morant of assaulting a teenager during a pickup basketball game hinges on whether Morant will be allowed to say that he was acting in self-defense and can receive immunity under …

18 07, 2023

New Saharan Heat Blast Spells More Extreme Temperatures in Europe

By | July 18th, 2023|Uncategorized|Comments Off on New Saharan Heat Blast Spells More Extreme Temperatures in Europe

The heat wave engulfing the Mediterranean is set to intensify as another Saharan anticyclone threatens record temperatures from Italy to Greece. The new weather system — named Charon after the mythological ferryman who delivered souls to the underworld – could …

18 07, 2023

Tesla Directors Pay $735M to Settle Shareholder Lawsuit Over Excess Compensation

By | July 18th, 2023|Uncategorized|Comments Off on Tesla Directors Pay $735M to Settle Shareholder Lawsuit Over Excess Compensation

Tesla Inc.’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The settlement resolves a …

18 07, 2023

Business Leaders Appear Less Concerned by Cyber Risk: Report

By | July 18th, 2023|Uncategorized|Comments Off on Business Leaders Appear Less Concerned by Cyber Risk: Report

The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according to a Beazley risk and reliance report. “The perceived threat of cyber risk …

18 07, 2023

Travel Essentials: Passport, Money, Bluetooth Luggage Trackers?

By | July 18th, 2023|Uncategorized|Comments Off on Travel Essentials: Passport, Money, Bluetooth Luggage Trackers?

After returning to New York from Oslo in late May, Harley Hendrix noticed her suitcase containing a cherished Alexander McQueen dress had been diverted to Copenhagen. Also rotting in Denmark: packs of cheese that Hendrix had stuffed into the suitcase …

18 07, 2023

UK Watchdog Proposes Toughening Safeguards Against Illegal Marketing on Social Media

By | July 18th, 2023|Uncategorized|Comments Off on UK Watchdog Proposes Toughening Safeguards Against Illegal Marketing on Social Media

Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent “consumer duty” that is being rolled out to banks, funds and insurers on July 31. The Financial …

18 07, 2023

People Moves: AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business; Miller Expands US Casualty Team With 2 Hires From Price Forbes

By | July 18th, 2023|Uncategorized|Comments Off on People Moves: AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business; Miller Expands US Casualty Team With 2 Hires From Price Forbes

AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business AXA XL Insurance appoints Adele Smith as head of Mid-Market Generalist in the next phase of its targeted U.S. Mid-Market insurance business launch. Based in New York, and …

18 07, 2023

AXA Fund to Invest $49 Million in Brazil Reforestation Projects

By | July 18th, 2023|Uncategorized|Comments Off on AXA Fund to Invest $49 Million in Brazil Reforestation Projects

An alternative investment vehicle controlled by French insurer AXA said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. AXA IM Alts, which has over 185 billion euros ($208 billion) under management, …

18 07, 2023

People Moves: Munich Re Names Parhelion’s Richardson as CUO of Green Solutions Portfolio; BHSI Names Walker to Lead UK National Business

By | July 18th, 2023|Uncategorized|Comments Off on People Moves: Munich Re Names Parhelion’s Richardson as CUO of Green Solutions Portfolio; BHSI Names Walker to Lead UK National Business

This edition of International People Moves details appointments at Munich Re Specialty Group and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Munich Re Specialty Group Names Richardson as CUO of Green Solutions Portfolio Munich Re …