News Archives - Insurance Journal

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26 03, 2025

Pawtucket Dismantled Iconic Apex Pyramid Building. Here’s Why.

By | March 26th, 2025|Uncategorized|Comments Off on Pawtucket Dismantled Iconic Apex Pyramid Building. Here’s Why.

Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …

26 03, 2025

Delaware Lawmakers Approve Bill Overhauling Corporate Law

By | March 26th, 2025|Uncategorized|Comments Off on Delaware Lawmakers Approve Bill Overhauling Corporate Law

Delaware lawmakers approved on Tuesday an overhaul of the state’s corporate law in a bid to keep powerful business leaders like Mark Zuckerberg from moving their companies’ legal home to another state, although opponents call it a giveaway to billionaires. …

26 03, 2025

Los Angeles Presses State for Help With $1B Deficit As It Rebuilds From Fires

By | March 26th, 2025|Uncategorized|Comments Off on Los Angeles Presses State for Help With $1B Deficit As It Rebuilds From Fires

Los Angeles is looking to California for financial help as the city faces a nearly $1 billion budget deficit projected for the next fiscal year. Mayor Karen Bass and a group of city council members went to Sacramento, the state …

26 03, 2025

Ardonagh Set to Raise Up to $2.5 Billion to Fuel Expansion Spree

By | March 26th, 2025|Uncategorized|Comments Off on Ardonagh Set to Raise Up to $2.5 Billion to Fuel Expansion Spree

Ardonagh Group Ltd. is nearing a deal to raise as much as $2.5 billion from investors to help fuel the private equity-backed insurance broker’s rapid growth. The London-based firm is expected to close the capital-raise this summer in an oversubscribed …

26 03, 2025

New Fire Maps Put Nearly 4M Californians in Hazardous Zones

By | March 26th, 2025|Uncategorized|Comments Off on New Fire Maps Put Nearly 4M Californians in Hazardous Zones

New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …

26 03, 2025

Spain Opens Antitrust Probe Into Generali, Sanitas Agreement

By | March 26th, 2025|Uncategorized|Comments Off on Spain Opens Antitrust Probe Into Generali, Sanitas Agreement

Spain’s antitrust watchdog said on Tuesday it had opened an investigation into Italian insurer Generali and local health insurance provider Sanitas over potential anti-competitive practices. The CNMC watchdog said the probe focused on an agreement signed in October 2022 under …

26 03, 2025

Allianz Global Investors Says It Is Cutting Some Roles

By | March 26th, 2025|Uncategorized|Comments Off on Allianz Global Investors Says It Is Cutting Some Roles

Allianz Global Investors, the smaller of the two asset managers owned by German insurance giant Allianz SE, is cutting some roles as it looks to make changes to its organizational structure. “Some tasks and elements of our operation may no …

26 03, 2025

Kroger Fights Suit by Albertsons Over Failed $24.6 Billion Deal

By | March 26th, 2025|Uncategorized|Comments Off on Kroger Fights Suit by Albertsons Over Failed $24.6 Billion Deal

Kroger Co. is fighting back against a lawsuit brought by Albertsons Cos. over its failed $24.6 billion takeover of the rival grocery chain, escalating a dispute that began after US antitrust enforcers succeeded in blocking the deal last year. Albertsons …

25 03, 2025

Germany Tells Insurers to Vet Private Asset Deals More Carefully

By | March 25th, 2025|Uncategorized|Comments Off on Germany Tells Insurers to Vet Private Asset Deals More Carefully

Germany’s financial watchdog is pushing insurers to step up scrutiny of private credit investments after several firms were stung by losses on loans to real estate companies. BaFin, which oversees more than 500 insurers, is asking 30 to 40 firms …

25 03, 2025

UK Bank StanChart Loses Bid to Cut Shareholders’ $1.9 Billion UK Lawsuit in Half

By | March 25th, 2025|Uncategorized|Comments Off on UK Bank StanChart Loses Bid to Cut Shareholders’ $1.9 Billion UK Lawsuit in Half

Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit brought over allegations the lender broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. …