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18 11, 2020

Bindley Capital, ForeSight Medical Ex-CEO Acquire Workers’ Comp Dental Provider

By | November 18th, 2020|Uncategorized|Comments Off on Bindley Capital, ForeSight Medical Ex-CEO Acquire Workers’ Comp Dental Provider

Bindley Capital Partners and Brian Bell, the founder and former chief executive officer of ForeSight Medical, have acquired a specialty dental firm serving workers’ compensation patients. Based in Tampa, DentalWorks USA manages the care of dental and complex maxillofacial injuries …

18 11, 2020

University of California Reaches $73M Sex Abuse Settlement

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The prestigious University of California system has reached a proposed $73 million settlement with seven women who accused a former gynecologist of sexual abuse. As part of the class-action lawsuit, more than 6,600 patients of Dr. James Heaps could receive …

18 11, 2020

UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer

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LONDON – British insurer RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada’s Intact Financial and Denmark’s Tryg in one of Europe’s biggest financial takeover bids this year. Insurers have become an attractive proposition since the …

18 11, 2020

The Insuring Cyber Podcast Episode 2: Forget the Stars, Insurers are Shooting for the Cloud

By | November 18th, 2020|Uncategorized|Comments Off on The Insuring Cyber Podcast Episode 2: Forget the Stars, Insurers are Shooting for the Cloud

Recent research shows that more insurers are taking advantage of Cloud technology for data storage and managing business functions. According to a 2018 report from Novarica called Cloud Adoption in Insurance: Trends and Issues, more than 70% of insurers reported …

18 11, 2020

Aon Launches Asia Pacific Capital Advisory Unit to Assist Re/insurer Clients

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Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimization for re/insurers. The initiative follows Aon’s launch of similar Capital Advisory units in the UK and U.S., …

18 11, 2020

Norwegian Cruise Ship Operator SeaDream Cancels All Sailings After Virus Outbreak

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Norwegian-owned cruise ship operator SeaDream Yacht Club has canceled all sailing for the remainder of 2020 after positive COVID-19 test results onboard one of its cruises, it said on Tuesday, dealing a fresh blow to the cruise industry. The decision …

18 11, 2020

Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo

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Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s Syndicate 1301, to Inigo Ltd., a new specialty re/insurance …

18 11, 2020

Pfizer Reports 95% Success Rate in COVID-19 Vaccine Final Trial

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Final results from Pfizer Inc.’s COVID-19 vaccine trial showed its shot had a 95% success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency U.S. authorization within days, it said on …

18 11, 2020

FAA Safety Agency Clears Boeing 737 MAX to Fly Again

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After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co. won approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters. The FAA detailed …

18 11, 2020

S&P Finds U.S. Insurers Made Modest Gains in Diversity Over Decade

By | November 18th, 2020|Uncategorized|Comments Off on S&P Finds U.S. Insurers Made Modest Gains in Diversity Over Decade

The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the percentage of Black or African-American employees in the insurance …