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09, 2015
Sommerrock Joins Geneva Ass’n. as Deputy Secretary Gen’l. – Insight Head
The Geneva Association announced the appointment of Dr. Fabian Sommerrock as Deputy Secretary General and Head of Insight. He joins the Association from Roland Berger Strategy Consultants where he was a principal at the Roland Berger Financial Services Competence Center …
25
09, 2015
CoreLogic Adds Probabilistic Flood Model to Risk Management Program
CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model to analyze the potential damage and financial impact at the property-level from …
28
09, 2015
Takata Air Bag Recall Could Be Expanded to Other Car Makers
The U.S. regulator overseeing the replacement of Takata Corp. air bags is considering an order that would expand the recalls and has contacted seven manufacturers who could be affected, including Volkswagen AG and Tesla Motors Inc. Takata identified the seven …
25
09, 2015
Texas Associates Insurors Adds Peterson as Risk Advisor
Texas Associates Insurors announced that Erik Peterson has joined the agency as a risk and insurance advisor, specializing in medical device, servicing and malpractice risk. Peterson has experience in the industrial and medical device industries. His tenure in the insurance …
28
09, 2015
U.S. Investors Sue Volkswagen Over Diesel Emissions Scandal
Volkswagen AG was accused in a lawsuit of scheming to defraud U.S. investors who paid artificially inflated prices for the company’s foreign shares while it cheated on vehicle emissions tests. In what may be the first investor suit over Volkswagen’s …
25
09, 2015
Kentucky Considering Roadside Drug Tests for Drivers
The Kentucky Office of Highway Safety is working with local county officials to evaluate a roadside drug test that could help police address the growing number of drivers who are high behind the wheel. The agency and authorities in Louisville, …
28
09, 2015
Typhoon Dujuan Nears Taiwan with Rain, Wind; Airlines Cancel Flights
Typhoon Dujuan lashed Taiwan with rain and wind as it neared the island on Monday, forcing schools to shut and disrupting land and air traffic. Cathay Pacific Airways Ltd. canceled or delayed about 30 flights Monday and Tuesday, the airline …
25
09, 2015
USI Insurance Services Acquires Benefit Controls of the Carolinas
USI Insurance Services has acquired the employee benefits business of Benefit Controls of the Carolinas, Inc. This is the first acquisition in North Carolina for USI. An employee benefits consulting firm, Benefit Controls of the Carolinas, Inc. designs and manages …
28
09, 2015
Best Affirms ‘A+’ Ratings of Hannover Re and Subs; Outlook Stable
A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Germany’s Hannover Rueck SE (Hannover Re) and its main subsidiaries. Best also affirmed the issuer ratings of the existing …
25
09, 2015
Duperreault’s Hamilton Seeking Takeovers as IPO Likely
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. “We’re always looking. My job is to continually look for …