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30
06, 2015
Swett & Crawford Brasil Expands with Purchase of Shares in Local Broker
Wholesale insurance broker Swett & Crawford Brasil, part of Cooper Gay Swett & Crawford (CGSC), the independent global wholesale, underwriting management and reinsurance broker, announced that it has purchased 51 percent of the shares of Casa do Corretor, a wholesale …
The article Swett & Crawford Brasil Expands with Purchase of Shares in Local Broker appeared first on Insurance Journal.
30
06, 2015
Liberty Mutual Promotes Trish to Northeast Business Insurance President
Liberty Mutual Insurance has promoted Jamie Trish to president of its Northeast Business Insurance operations effective July 1. Trish will be responsible for the profitable growth of business in the region that includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, …
The article Liberty Mutual Promotes Trish to Northeast Business Insurance President appeared first on Insurance Journal.
30
06, 2015
Loyalty to Insurer Doesn’t Always Pay Off for Drivers
When Jonathan G. Stein became unhappy with his long-time car insurance carrier earlier this year, the 41-year-old lawyer from Elk Grove, California switched to a new company. How was he rewarded for his disloyalty after nine years? With savings of …
The article Loyalty to Insurer Doesn’t Always Pay Off for Drivers appeared first on Insurance Journal.
30
06, 2015
Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case
A federal jury on Monday ordered the chief executive officer of a Manhattan investment firm to pay $18 million in damages to a former employee for sexual harassment and defamation. Benjamin Wey, who heads up New York Global Group, was …
The article Jury Orders Wall St. Financier to Pay Ex-Employee $18M in Harassment Case appeared first on Insurance Journal.
30
06, 2015
MetLife Seeks Documents from Systemic Risk Panel
MetLife asked a federal judge on Monday to force the U.S. government to hand over 500 pages of confidential records that relate to financial regulators’ decision to designate the insurance giant as systemically important. In a filing in U.S. District …
The article MetLife Seeks Documents from Systemic Risk Panel appeared first on Insurance Journal.
30
06, 2015
GM Directors Off the Hook; Court Nixes Investors’ Lawsuit Over Ignition Switch
General Motors Co. directors don’t have to face investors’ allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 people their lives. GM’s board had adequate risk-assessment systems in place even …
The article GM Directors Off the Hook; Court Nixes Investors’ Lawsuit Over Ignition Switch appeared first on Insurance Journal.
30
06, 2015
Worldwide Facilities Hires 3 Brokers for New Connecticut Office
Worldwide Facilities, a wholesale broker and managing general agent based in Los Angeles, hired three new brokers for its recently opened Hartford, Connecticut, office. Worldwide Facilities hired Suzanne Averill as senior associate broker in Hartford. Averill brings 32 years of …
The article Worldwide Facilities Hires 3 Brokers for New Connecticut Office appeared first on Insurance Journal.
30
06, 2015
Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report
Fairfax Financial Holdings, which bet on a successful turnaround in Greece in 2014, stands to take a hit from a Greek default, but one-time gains and other factors are likely to soften the blow, the Royal Bank of Canada (RBC) …
The article Fairfax’s Potential Hit from Greek Exposure to be Limited – RBC Report appeared first on Insurance Journal.
30
06, 2015
Berkshire Hathaway Entering Australia, New Zealand Health Care Market
Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia, and has appointed Tony Bainbridge, previously with American International Group (AIG), to lead the effort. The insurer also announced it has opened an office …
The article Berkshire Hathaway Entering Australia, New Zealand Health Care Market appeared first on Insurance Journal.
30
06, 2015
Willis Group, Towers Watson Agree to $18 Billion Merger
Willis Group Holdings Plc, the world’s third-largest insurance broker, and risk adviser Towers Watson & Co. agreed to an all-stock merger creating a firm with a combined market value of $18 billion. Towers Watson shareholders will receive 2.649 Willis shares …
The article Willis Group, Towers Watson Agree to $18 Billion Merger appeared first on Insurance Journal.