Insurance
People Moves: Allianz Commercial Taps AIG’s Sandric as Leader Asia Region; Banyan Risk Appoints Munro as CUO; Miller Strengthens Entertainment Team With Senior Hire
This edition of International People Moves details appointments at Allianz Commercial, Banyan Risk and Miller. A summary of these new hires follows here. Allianz Commercial Taps AIG’s Sandric as Leader Asia Region Allianz Commercial announced that Christian Sandric has been …
Read More Contrade Insurance Group Announces Kansas Acquisitions
Newton, Kansas-based Conrade Insurance Group (CIG) announces three business acquisitions that have taken place in the first half of 2023, moves the company said expand the firm’s capabilities and strengthen their commitment to client service excellence. In January, Wichita-based The …
Read More Study: 96% of Injured Texas Workers Return to Work Within Three Years
More than 9 in 10 injured Texas employees returned to work within one year post-injury and 96% returned to work three years post-injury, according to an analysis of return-to-work (RTW) outcomes for the Texas workers’ compensation system. The Workers’ Compensation …
Read More Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer
Indonesia’s coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, and vowed to toughen maritime patrols. The MT Arman 114 was carrying 272,569 metric tons of light crude oil, …
Read More Markets/Coverages: Coalition Launches Active Cyber Insurance in Quebec
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced its cyber insurance and technology errors and omissions (E&O) insurance offerings are now available in Quebec. Brokers can receive highly streamlined quotes for small businesses to large enterprises, …
Read More 1 Dead, 15 Injured After SUV Traveling Wrong Way Collides With Bus in Chicago
CHICAGO (AP) – An SUV traveling the wrong way along a Chicago lakefront road collided with a city bus Sunday morning, killing one of the SUV`s passengers and injuring 15 other people, authorities said. A man was driving a Dodge …
Read More Former VW Executives Ordered to Testify in Investor Lawsuit
A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the the so-called defeat device used in …
Read More What’s Next for Ant Group After its Nearly $1B Fine?
The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant’s woes and given hope to investors that a regulatory crackdown on China’s broader technology sector is over. Ant’s …
Read More UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London
Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance center after Brexit, finance minister Jeremy Hunt …
Read More Insurance Claims From French Riots Rise to $716 Million
Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled compared …
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