Insurance
People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt
This edition of International People Moves details appointments at Convex Re Bermuda and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Convex Group Ltd., the London-based international specialty re/insurer, announced that Convex Re Bermuda …
Read More Google Sued in UK by 130,000 Alleged Victims of Its Online Advertising Dominance
Google and its parent Alphabet Inc. were sued in a UK court over alleged antitrust abuses in a group claim by 130,000 businesses that argues the tech giant’s approach to advertising that may have cost companies billions of pounds in …
Read More Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
Howden, the London-based insurance broker, announced it has increased its shareholding to 100% in AlphaXO Risk Partners, an Australian specialty insurance broker. Financial details of the deal were not disclosed. AlphaXO’s leadership team remains unchanged, with Andrew Glover continuing his …
Read More Dutch Court Denies RWE and Uniper Compensation for Closure of Coal-Fired Plants
The Dutch state does not have to compensate German energy suppliers RWE and Uniper for the decision to close coal-fired energy plants in the Netherlands by 2030, a Dutch court ruled on Wednesday. RWE owns two of the current four …
Read More Yale Discriminates Against Students With Mental Health Issues, Lawsuit Claims
Yale University was sued for allegedly violating the Americans with Disabilities Act by unfairly penalizing students who are dealing with mental-health issues. For decades, Yale has “treated unequally and failed to accommodate students with mental health disabilities, including by modifying …
Read More Risk Managers Want More Involvement in Organizational ESG Strategy: WTW Survey
More than half of risk managers are significantly involved in their organization’s environmental, social and governance (ESG) efforts, but 77% believe they should take an active or more active role in ESG strategy and initiatives, according to a survey of …
Read More Florida Consultant on Demotech Alternatives Faced Issues in Other States, Reports Show
A Mississippi-based consulting firm hired to figure out Florida’s insurance company financial rating conundrum has faced scrutiny in other states after audits found improper disbursement of funds, long delays in projects and other issues. Horne LLP, based in Ridgeland, Mississippi, …
Read More Delaware Judge Blocks Dr. J Lawsuit Against Branding Firm, Passes Case to Arbitration
A Delaware judge on Monday halted a lawsuit filed by basketball legend Julius Erving against a brand-development and marketing company, ruling that the dispute must go to arbitration. The lawsuit by the Hall of Fame player known as “Dr. J” …
Read More California Labor Commissioner Cites Car Wash $900K for Wage Theft
The California Labor Commissioner’s office cited Shine N Brite Car Wash $908,998 for wage theft violations affecting 15 workers. The Los Angeles-based employer was cited for minimum wage, overtime and rest break violations. An investigation reportedly showed that workers, who …
Read More People Moves: Texas DWC Announces Executive Staff Changes
Texas Department of Insurance DWC announces executive staff changes The Texas Department of Insurance, Division of Workers’ Compensation (DWC), headquartered in Austin Texas, has announced several executive staff changes. Erica De La Cruz is now deputy commissioner of claims and …
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