For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a recently released report. While the reinsurance market remained stable on the casualty side, property …
Ardonagh Europe Ltd., the Dublin-based subsidiary of The Ardonagh Group, announced it has agreed to acquire Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. Headquartered in Amsterdam and founded in 1951 by Max Léons, Léons …
Howden, the London-based insurance broker, announced the acquisition of Wallace McLean, which further strengthens its local expertise and provides an enhanced platform for its strategic growth plans in New Zealand. Wallace McLean was founded in 2001 and is a well-established …
Twenty-one crew members remain aboard a bulk carrier which lost power in turbulent waters near Sydney, after overnight rescue attempts failed. The MV Portland Bay, which has been without power since early Monday, has been off the coast of New …
Generali has completed the acquisition of La Médicale from Crédit Agricole Assurances, following receipt of the necessary approvals from relevant regulatory and competition authorities, for €435 million (US$453.8 million) The acquisition, which was first announced in February, also includes the …
FBI, Homeland Security and New York police officials have charged nine defendants including gang members with a violent racketeering and extortion conspiracy in attempting to take over an entire industry designed to help victims after a fire. The defendants, who …
Major U.S. drug distributors McKesson Corp., AmerisourceBergen Corp., and Cardinal Health Inc. are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled on Monday. U.S. District Judge David Faber rejected efforts by …
Cybersecurity experts say the California Department of Justice apparently failed to follow basic security procedures on its website, exposing the personal information of potentially hundreds of thousands of gun owners. The website was designed to only show general data about …
Automation enhances industry, but it’s harmful to the mental health of its human co-workers. A University of Pittsburgh study suggests that while American workers who work alongside industrial robots are less likely to suffer physical injury, they are more likely …
California Gov. Gavin Newsom proclaimed states of emergency in Santa Barbara and Monterey counties on Friday to help the process of recovery from recent wildfires. The proclamations allow the California Department of Transportation to request immediate federal assistance for highway …