AXA XL’s Coletti Joins Swiss Re as Head of New Central Cyber Underwriting Team Swiss Re announced plans to create a central cyber underwriting team, which will be led by John Coletti as head of Global Cyber. Maya Bundt, the …
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. The outlook assigned to these ratings is stable. The …
An accidental gas leak led to last week’s explosion at a Chandler strip mall print shop that left four men with serious burns, federal authorities said. Gabriel Pinon, a special agent with the Bureau of Alcohol, Tobacco, Firearms and Explosives, …
A business executive charged in the aftermath of a failed multibillion-dollar project to build two nuclear reactors in South Carolina pleaded not guilty in federal court Tuesday. Jeffrey A. Benjamin was a former senior vice president for Westinghouse Electric Co., …
Andrew Horton, the former CEO of Beazley, officially became QBE’s new group CEO on Sept. 1 – an appointment that was originally announced in March. Also on Sept. 1, QBE Re announced the appointment of SiriusPoint’s Tracey Gibbons as head …
This edition of International People Moves details appointments at Mosaic Insurance with London-based roles, MGA Alta Signa with a role in Germany, and Berkshire Hathaway Specialty Insurance in Spain. A summary of these new hires follows here. Mosaic Hires Executives …
A U.S. judge said on Wednesday he would approve OxyContin maker Purdue Pharma LP’s bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company’s wealthy Sackler family owners from future opioid litigation. Bankruptcy Judge …
German insurers face claims of about 11.5 billion euros ($13.6 billion) in 2021 after extensive flooding and hail storms, Germany’s insurance lobby GDV said on Thursday. It could be the most expensive year for insurers since the GDV began keeping …
U.S. auto safety regulators on Wednesday said they had identified a 12th crash involving Tesla Inc. vehicles using advanced driver assistance systems in incidents involving emergency vehicles and demanded the automaker answer detailed questions about its Autopilot system. The National …
Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures viewed as too strict by participants, as it seeks to tap a global trend in such listings. SGX’s rules, effective …