3 12, 2020

Brexit Trade Negotiations Are Making ‘Good Progress’

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BRUSSELS – European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by Friday or at the weekend, and EU officials said negotiators were likely to review progress in the next two days. …

3 12, 2020

AXA’s Chief Risk and Investment Officer Says Biodiversity Loss Among ‘Very Top Risks’

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AXA Group’s chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based insurer and its 830 billion-euro ($995 billion) asset management arm. He says one of the greatest and most under-appreciated threats …

3 12, 2020

Capco Acquires Connecticut-Based Insurance Consultancy Firm NEOS

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Capco, a global management and technology consultancy, has acquired NEOS LLC, a Hartford, Conn.-based consultancy focused on helping insurance organizations drive transformational change. The transaction will complement and extend Capco’s insurance services. NEOS’s leadership team, including Founder and Managing Partner …

3 12, 2020

NFP Hires Franznick to P&C Division as Senior Vice President

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NFP, an insurance broker and consultant that provides property and casualty, corporate benefits, retirement and individual solutions, has hired Jonathan Franznick to its P&C division as a senior vice president. In this role, Franznick will lead claims advocacy for NFP’s …

3 12, 2020

Philadelphia Hunger Group Loses Nearly $1M in Cyberattack

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The Philadelphia region’s largest hunger-relief group has lost nearly $1 million in a cyberattack. Thieves infiltrated the group’s computer systems in the spring through a phishing scam, Philabundance chief executive Loree Jones told The Philadelphia Inquirer. Jones said they managed …

3 12, 2020

New Re/Insurer ‘Vantage Risk’ Launches, Led by Former Arch, AXA XL Executives

By | December 3rd, 2020|Uncategorized|Comments Off on New Re/Insurer ‘Vantage Risk’ Launches, Led by Former Arch, AXA XL Executives

A new re/insurance group, called Vantage Group Holdings Ltd., has launched with $1 billion of equity capital, provided by private equity firms The Carlyle Group and Hellman & Friedman (H&F) as well as management. The company’s CEO is Greg Hendrick, …

3 12, 2020

California County Paying $10M After Shooting, Paralyzing Man

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A Northern California county has agreed to pay nearly $10 million to settle a lawsuit by a Silicon Valley software engineer who was having a mental health crisis when a deputy shot him, paralyzing him from the waist down. Placer …

3 12, 2020

Wyoming Teen Centers Sued over Alleged Abuse

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A lawsuit filed by 25 former residents of two Wyoming teen centers accuses the facilities of human trafficking and abuse. The complaint alleges Trinity Teen Solutions and Triangle Cross Boys Ranch of Clark profited from unpaid labor and the abusive …

3 12, 2020

2 Moderate Quakes Confirmed Around Aleutian Communities in Alaska

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Two sizable earthquakes in the North Pacific on Tuesday shook several communities in the Aleutian Islands of Alaska but there were no immediate reports of damage, the Alaska Earthquake Center confirmed. The center reported a magnitude 6.3 earthquake was recorded …

3 12, 2020

California Dive Boat Captain Indicted in Fire That Killed 34

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The captain of a scuba diving boat that caught fire and sank off the coast of California last year, killing 34 people who were trapped below deck, was indicted Tuesday on federal manslaughter charges for one of the deadliest maritime …