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06, 2016
PaCRe Exit Eased Tax Scrutiny on Offshore Reinsurers: Third Point Re CEO
Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an ” outlier” for its aggressive use of strategies that were …
17
06, 2016
Anheuser-Busch Sued by North Carolina Tribe for Using its Logo on Beer Coolers
A Native American tribe in North Carolina is suing Anheuser-Busch, saying the beer company is illegally using the tribe’s logo. Media outlets reported the lawsuit was filed by the Lumbee Tribe of North Carolina this week in federal court. The …
16
06, 2016
Investigators Find Main Wreckage Sites of Crashed EgyptAir Flight 804
Investigators found the main wreckage sites of EgyptAir Flight 804, which crashed last month over the Mediterranean Sea with 66 people on board. A search team provided images of the Airbus Group SE A320 jetliner’s remains to authorities, Egypt’s Ministry …
17
06, 2016
Massachusetts Considers New Rules for Duck Boats After Fatal Crash
The parents of a woman who died in a crash involving a duck boat urged Massachusetts state officials on Wednesday to require new safety rules for the amphibious sightseeing vessels. Ivan and Martha Warmuth joined several lawmakers at the Statehouse …
16
06, 2016
BHSI Opens German Office, Fills Key Roles in Northern Europe
Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key executive roles in Northern Europe. “We are laying the foundation to …
17
06, 2016
Swiss Re Hikes Corporate Debt Holdings, Cuts Risky Government Bonds
The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to move more of its investments into corporate debt, according to the reinsurer’s chief investment officer. “If you’re looking for a …
16
06, 2016
Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks
Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. Pembroke’s Lloyd’s Syndicate 4000 partners with Old Mutual Specialty Insurance, to offer coverage for multiple property, casualty …
17
06, 2016
Church Mutual, Insight Worldwide Partner on Pre-Employment Screening
Merrill, Wis.-based Church Mutual Insurance Co. announced it has partnered with Insight Worldwide to offer access to pre-employment screening for those who hire employees at senior living communities. Pre-screening applicants before engaging in an employment agreement helps ensure that new …
16
06, 2016
AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors
Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock said on Wednesday. Hedge fund manager Paulson and Samuel Merksamer, …
17
06, 2016
Trucking Company, Driver Face Criminal Charges in Georgia Crash that Killed 5
A grand jury has indicted a tractor-trailer driver and his employer accused of causing a fiery interstate crash that killed five Georgia Southern University nursing students. The Bryan County grand jury on Wednesday indicted John Wayne Johnson of Shreveport, Louisiana, …