Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent “consumer duty” that is being rolled out to banks, funds and insurers on July 31. The Financial …
AXA XL Insurance Names CNA’s Smith as Head of US Mid-Market Business AXA XL Insurance appoints Adele Smith as head of Mid-Market Generalist in the next phase of its targeted U.S. Mid-Market insurance business launch. Based in New York, and …
An alternative investment vehicle controlled by French insurer AXA said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. AXA IM Alts, which has over 185 billion euros ($208 billion) under management, …
This edition of International People Moves details appointments at Munich Re Specialty Group and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Munich Re Specialty Group Names Richardson as CUO of Green Solutions Portfolio Munich Re …
Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. Tractable said …
Fred C. Church Insurance Promotes Burbine to SVP, Sales Leader Fred C. Church Insurance, headquartered in Lowell, Mass., promoted Bill Burbine to senior vice president, sales leader. Burbine’s insurance career began in 2002 with Banknorth Insurance Group of Portland, Maine. …
Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO Elon Musk pledged in 2014 not to “initiate …
ST. LOUIS (AP) __ The federal government and companies responsible for nuclear bomb production and atomic waste storage sites in the St. Louis area in the mid- 20th century were aware of health risks, spills, improperly stored contaminants and other …
Sean Cooper has been named executive vice president and chief actuary at the Workers’ Compensation Insurance Rating Bureau of California, headquartered in Oakland, Calif. Cooper succeeds Dave Bellusci, who retired from the WCIRB after 33 years. Cooper has more than …
Tech and social media giants like Facebook, Amazon and Google bear responsibility for radicalizing the Buffalo supermarket shooter, who was fueled by racist conspiracy theories he encountered online, the victim’s relatives said in a lawsuit filed Wednesday. “They were the …