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Greenberg Wants State’s High Court to Nix New York AG’s Fraud Case
In a last-ditch effort to avoid trial, former American International Group Inc Chairman Maurice “Hank” Greenberg is seeking permission to ask New York’s highest court to throw out the accounting fraud case against him. Greenberg, who turns 90 next month, …
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Guy Carpenter Names Summers as Head of International Facultative Re
Guy Carpenter & Company announced that Paul Summers will be joining the company as managing director and head of International Facultative Reinsurance, following completion of his current contractual notice period. He will assume this role from Massimo Reina, who will …
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Insurers Declare Catastrophe for Storm Battered Parts of New South Wales
The Insurance Council of Australia (ICA) this morning declared a catastrophe for storm-affected parts of New South Wales [NSW], in particular the Central Coast, Hunter, Greater Sydney Metropolitan and Illawarra regions. The ICA said that “as of 7am insurance companies …
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Reyes, Angehrn in New Posts on Zurich’s Group Executive Committee
The Zurich Insurance Group announced that Cecilia Reyes, currently Chief Investment Officer and Regional Chairman of Asia Pacific, will become Chief Risk Officer, effective July 1, 2015, succeeding Axel P. Lehmann. Urban Angehrn, currently Head of Alternative Investments, will become …
The article Reyes, Angehrn in New Posts on Zurich’s Group Executive Committee appeared first on Insurance Journal.
BHSI Launches Liability Policy for Canadian Pension & Benefit Sponsors
Berkshire Hathaway Specialty Insurance (BHSI) has introduced Executive First™ Fiduciary Liability Insurance, a new policy designed to provide straightforward, up-to-date protection for Canadian sponsors of large pension and benefit plans and their directors, officers and employees. “Our Executive First™ Fiduciary …
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Gerhardt Appointed to Tokio Millennium Re Board
Tokio Millennium Re (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Hans-Peter Gerhardt has been appointed to its Board of Directors as an Independent Non-Executive Director. TMR’s Board Chairman Ian …
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Judge to Hear Closing Arguments in Greenberg’s Case Against AIG Bailout
Closing arguments are scheduled for Wednesday in the U.S Court of Federal Claims in Washington, D.C. in a lawsuit challenging the 2008 government bailout of American International Group (AIG). The suit was brought by Starr International Co. and its CEO …
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Miami Pop Artist Britto Charges Apple with Copyright Infringement
Artist Romero Britto is suing Apple Inc. and a design firm in Miami federal court, accusing them of misusing his color-splashed images and distinctive style in marketing campaigns. The lawsuit seeks unspecified damages from Cupertino, California-based Apple and the design …
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MarketScout Adds Thompson in Dallas
Insurance distribution and underwriting company, MarketScout, has hired Kirt Thompson as its new claim services manager. Thompson is based in the corporate office in Dallas. Prior to joining MarketScout, Thompson served as the corporate workers’ compensation manager for one of …
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RSA Promotes Tiffany to Head of UK Legacy, Commercial Claims Team
RSA, one of the UK’s largest commercial insurers, has promoted Suzy Tiffany to head of UK legacy, with effect from July 1, 2015. Working at RSA for over 10 years, Tiffany has held a number of roles including finance change manager, head …
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