Allianz said on Wednesday that it was fielding a request for information from the U.S. Securities and Exchange Commission over a series of funds that suffered sharp losses amid the coronavirus-led market meltdown earlier this year and are the subject …
UK insurer Hasting Group Holdings has agreed to a £1.66 billion (US$2.2 billion) cash acquisition by Finnish insurer Sampo and Rand Merchant Investment Holdings Ltd., a South African financial services investment company. Hastings investors will receive 250 pence for each …
Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, Fla. Clearwater Underwriters was established in 1991 to provide a market for retail agents …
CRC Group has promoted Mississippi-based Claire Willis to CRC Group’s national Personal Lines Practice leader. The move comes as part of the company’s increased focus on the personal lines market place, according to the company. Willis joined CRC Group in …
German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and shied away from updating its full-year profit guidance as the coronavirus pandemic slows business and clouds the outlook. Allianz is …
Guy Carpenter & Co., the reinsurance broker and unit of Marsh & McLennan Cos., announced the appointment of Peter Askew as president and CEO, of Guy Carpenter’s Canadian business, with immediate effect. Donald Callahan has stepped down from the role …
New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) U.S. contaminated and consumer products recall insurance business written through Allianz Global Risks US Insurance Co. The transaction builds …
A Black officer with the Port of Seattle police is suing over the Port’s alleged failure to provide records of an investigation into racial discrimination claims he made against superiors including the police chief. Yandle Moss “alleged to his employer …
Louisiana released coronavirus safety guidelines for movie and TV productions this week, as filming is expected to start returning to the virus outbreak hot spot this month. The safety rules – issued by the Louisiana economic development department’s entertainment division …
A class-action lawsuit seeks $150 million in refunds from ComEd for customer rate increases and other benefits the utility received from Illinois as part of an alleged bribery scheme. The lawsuit was filed this week in Cook County by three …