Zurich Insurance Group said it will be taking further, deeper steps to help curb carbon emissions in line with the Paris Agreement’s goals to limit global warming. Targets will include its own internal operations, companies it invests in and businesses …
Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a report published by Fitch Ratings. The main drivers of losses were event cancellations and business interruption policies, with the impact …
This wrap-up of International People Moves details recent appointments at Guy Carpenter, Chord Re, and Everest Re. A summary of these new hires follows. Guy Carpenter Reinsurance broker Guy Carpenter & Co. announced the appointment of Sebastian Cook as managing …
The American Family Insurance group has announced leaders in several new and existing key positions. Jessie Stauffacher, president and CEO of CONNECT, powered by American Family Insurance, and Telisa Yancy, chief operating officer of American Family Insurance, will be promoted …
The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters. Formal investigations began this week into how …
If Elon Musk’s Tesla wanted to insure all of its recent $1.5 billion bitcoin investment against the myriad of pitfalls it could encounter, like hacks, theft and fraud, it would be out of luck. Insurers have yet to catch up …
Risk Strategies, a Boston, Massachusetts-based national specialty insurance brokerage and risk management firm, has acquired Specialty Insurance Solutions (SIS), expanding capabilities in its national student health practice. Founded in 2007 by President Paul Mayo, SIS offers specialty products and services …
A former U.S. Postal Service (USPS) carrier has been sentenced on a federal charge in Maryland for making false statements to obtain disability compensation. U.S. District Judge Paula Xinis sentenced Ronald S. Repass, age 57, of Poolesville, Maryland, to five …
A former bookkeeper and office manager at a Rhode Island law firm who previously pleaded guilty to embezzling nearly three-quarters of a million dollars from her employer has been sentenced to five years in prison, federal prosecutors said. Sarah Gaulin, …
The U.S. Department of Homeland Security is undertaking a series of “sprints” to enhance American cybersecurity in the wake of major attacks. “I am announcing today a series of 60-day sprints, each focused on the most important and most urgent …