Posts by Hometown Insurance
CVS, Walgreens and Walmart to Pay $13.8B to Settle U.S. Opioid Claims: Sources
CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar …
Read More Russia Says it Will Resume Participation in Ukraine Grain Deal
Russia said on Wednesday it would resume its participation in a deal to free up vital grain exports from war-torn Ukraine after suspending it over the weekend in a move that had threatened to exacerbate hunger across the world. The …
Read More China’s Regulators Commit to Growth and Reforms, Seeking to Allay Foreign Concerns
China’s top financial regulators said on Wednesday that economic growth remains a priority and reforms and liberalization would continue, seeking to allay foreign investors’ fears that ideology could take precedence during President Xi Jinping’s third leadership term. Speaking at the …
Read More People Moves: Chaucer Taps AXA XL’s Tuggey to Lead Cyber; LSM Appoints Chubb’s Vince for Broker Mgmt; QBE Int’l Names Stokoe, Fuller to Exec Board, Expanding Roles
This edition of International People Moves details appointments at Chaucer, Liberty Specialty Markets, and QBE International. A summary of these new hires follows here. Chaucer Names AXA XL’s Tuggey as Head of Cyber Chaucer, the global specialty re/insurance group, announced …
Read More Hong Kong Scraps Market Trading as Storm Nalgae Draws Near
Hong Kong closed its $4 trillion stock market early as severe tropical storm Nalgae moved closer on a day when the city hosted a top-level summit for global bankers. Hong Kong Exchanges & Clearing Ltd. scrapped afternoon trading of stocks …
Read More Ardonagh Advisory Acquires UK Consultant, Stallard Kane Group
Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced it has acquired Stallard Kane Group Ltd. (SKG), a leading provider of health and safety, HR, training, and employment law compliance consultancy services to businesses across the UK. SKG …
Read More Illinois Trucking Company to Pay $259K Over Clean Water Act Violations
The U.S. Environmental Protection Agency announced a settlement with Petroff Trucking Company, Inc., for an alleged violation of the Clean Water Act. The company has agreed to purchase and secure 15.5 wetland acres to compensate for wetlands it destroyed in …
Read More Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources
Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a U.N.-backed safe corridor after Russia suspended its participation, industry sources said on Tuesday. An export deal, agreed by Russia and Ukraine and brokered by …
Read More Group of Financial Services Firms Calls for G20 Governments to Detail Their Climate Plans
A coalition of financial firms led by former Bank of England Governor Mark Carney has called on G20 governments to raise their climate ambitions and set out more detailed plans to decarbonize their economies. The Glasgow Financial Alliance for Net …
Read More People Moves: New Commercial Business Head at Hartford; Kapnick Adds Chief Growth Officer; AmTrust Hires Underwriting SVP
The Hartford Names Ant Head of Middle & Large Commercial Business Units The Hartford has named Tracey Ant head of middle and large commercial business units effective Jan. 1. In this newly created role, Ant will oversee all middle and …
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