MS Amlin AG (MS AAG), the Zurich-based reinsurer, announced that Christopher Beazley has stepped down as chief executive officer as of Aug. 31, 2021. Beazley will pursue opportunities outside of MS Amlin after leading MS AAG as CEO for the …
The judge overseeing Purdue Pharma’s bankruptcy said on Monday that some members of the Sackler family who own the OxyContin maker face a “substantial risk” of liability and could be on the hook for “huge amounts of money” over claims …
Global reinsurer MS Amlin AG announced that Christopher Beazley has stepped down as chief executive officer. According to the announcement, Beazley will “pursue opportunities outside of MS Amlin” after serving as CEO for the past three years. He originally joined …
Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, announced it has acquired Usay Group Ltd., one of the largest consumer personal medical insurance and protection insurance brokers in the UK. Financial terms of the deal were not disclosed. …
A major California-based medical provider has agreed to pay a total of $90 million to settle allegations of Medicare fraud, officials said Monday. Sacramento-based Sutter Health, northern California’s largest hospital system, got inflated payments because it said people in its …
Attorneys say they have reached a $6 million settlement over the sexual abuse of a child by his Seattle, Wash.-area bowling instructor. The boy was abused from 2012 to 2017, beginning when he was 12. The coach, Ty Treddenbarger, is …
Health investigators across the U.S. are finding it nearly impossible to keep up with the deluge of new COVID-19 infections and carry out contact tracing efforts that were once seen as a pillar of the nation’s pandemic response. States are …
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Bermuda-based ASR Re Ltd. (ASR Re). ASR Re is a wholly owned subsidiary of ASR Holdings Ltd., the non-operating …
The Society of Actuaries has launched a research division that promises to develop and fund research that “elevates actuaries as leaders in measuring and managing risk. ” The group said the SOA Research Institute will develop objective, peer-reviewed, data-driven research, …
ReSource Pro has acquired Insurance Licensing Services of America (ILSA), a Groesbeck, Texas-based firm that provides regulatory and compliance services to insurance organizations and professionals. By acquiring ILSA, New York-based ReSource Pro is building on its strategy to deliver business …