4 08, 2025

UBS Pays $300 Million to Settle Credit Suisse Mortgage Case

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UBS Group AG agreed to pay $300 million to settle a mortgage-related case with the U.S. Department of Justice as it continues to work down the list of legal issues it inherited when it bought Credit Suisse in early 2023. …

4 08, 2025

Mississippians Have Little Time Left to Intervene in Gas Pipeline Proposal

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Mississippians have until Tuesday to intervene in a proposal for a natural gas pipeline that would span nearly the full width of the state. The pipeline, called the “Mississippi Crossing Project,” would start in Greenville, cross through Humphreys, Holmes, Attala, …

4 08, 2025

California Wildfire Burns 65,000 Acres in Los Padres Forest, Prompts Evacuations

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A wildfire in California has prompted evacuation orders and threatened hundreds of structures. The wildfire has grown to 65,062 acres, and was only 3% contained. Firefighters have been battling the Gifford fire in Santa Barbara and San Luis Obispo Counties …

4 08, 2025

How an Alleged Ponzi Scheme Left Investors and Politicians in the South Reeling

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CEDARTOWN, Ga. (AP) — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He’s looking to claw …

4 08, 2025

United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO

By | August 4th, 2025|Uncategorized|Comments Off on United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO

United Risk has acquired specialized property/casualty managing general agent Verita CSG, Inc. from global risk advisor WTW and rebranded the venture as Verist LLC. Industry veteran Michael Chang will become CEO of Verist, now based at 50 Rockefeller Plaza in …

4 08, 2025

Chemours, Dupont, Corteva Settle New Jersey PFAS Claims for $875M

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Chemours, DuPont and Corteva have agreed to pay $875 million over 25 years to the State of New Jersey to settle environmental claims including pollution linked to PFAS, or “forever chemicals,” the companies said on Monday. Lawsuits accusing major chemical …

4 08, 2025

Senate Confirms Anti-DEI Stalwart Lucas to Second Term at EEOC

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The Senate confirmed Andrea Lucas to another term as commissioner of the country’s workplace civil rights agency, demonstrating firm Republican support for her efforts to root out diversity programs, roll back protections for transgender workers and prioritize religious rights in …

4 08, 2025

People Moves: BHSI Launches Program Business in Canada Led by Tran; Aspen Promotes Cushway as Head of Int’l and UK Casualty Insurance, in New Role

By | August 4th, 2025|Uncategorized|Comments Off on People Moves: BHSI Launches Program Business in Canada Led by Tran; Aspen Promotes Cushway as Head of Int’l and UK Casualty Insurance, in New Role

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire Hathaway Specialty Insurance (BHSI) has …

4 08, 2025

People Moves: Liberty GTS Names Remsen Head of East, Americas; Black Named National Property Leader at Amwins; Tasse to Head Amwins Underwriting Growth

By | August 4th, 2025|Uncategorized|Comments Off on People Moves: Liberty GTS Names Remsen Head of East, Americas; Black Named National Property Leader at Amwins; Tasse to Head Amwins Underwriting Growth

Liberty GTS Appoints Remsen Head of East in the Americas Region Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, promoted Jason Remsen to head of East, Americas. He will be based in New York City. Remsen has experience …

4 08, 2025

Business Moves: Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations; Optio Completes Purchase of UK MGA Custodian Management

By | August 4th, 2025|Uncategorized|Comments Off on Business Moves: Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations; Optio Completes Purchase of UK MGA Custodian Management

Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations Specialist Risk Group (SRG), the London-based global insurance intermediary, announced it has completed the acquisition of German broker Ecclesia’s businesses in the Netherlands and Belgium. Originally announced in January 2025, this …