Insurance

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and Lloyd’s insurer IQUW. A summary of these new hire follows here. AGCS Creates Delegated Authority, Portfolio & Facilities Team, Led …

Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a U.S. appeals court last month nixed the company’s attempt to offload the litigation into Chapter 11 proceedings. A three-judge panel …

Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR Worldwide). These estimates are based on …

Cyclone Gabrielle has started to track away from New Zealand after leaving a trail of destruction across large parts of the nation’s North Island. Some 225,000 homes are without electricity, at least 2,500 people have been evacuated and tens of …

For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system, but now it is moving to shun such “alternative” investments for plain vanilla bonds, people with knowledge of the matter …

Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market. TVS Capital Funds co-led the equity and debt …

Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of understanding with Stone Point Capital LLC to form an independent managing general agency. …

Though the last five years have included events – specifically the murder of George Floyd – that prompted many company leaders to make commitments to diversity, equity, and inclusion (DEI), respondents of a recent survey tell a story of a …

The Tennessee Department of Commerce and Insurance has named Mark Wiedeman, a Utah native, as director of the department’s captive insurance section. Wiedeman, a graduate of Brigham Young University, joined the Utah Insurance Department in 2012 as an auditor, then …

Wildlife authorities in Maine said six wild ducks found dead in a stream in Winthrop have tested positive for bird flu. The hooded mergansers were found dead in Mill Stream and tested positive for a highly pathogenic avian influenza, the …