INSURANCE NEWS
People Moves: Swiss Re Promotes Ningen to CEO, US P&C Re; MS Reinsurance Hires 4 for Data, Underwriting; Aon Promotes Day, Dickson in Political Violence & Terrorism Team
This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon. A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C Re Monica Ningen has been named CEO of US …
Tysers Sells Bloodstock Broking Team and Bloodstock Managing Agent to Howden
Tysers, the independent Lloyd’s broker and part of AUB Group, announced the sale of its bloodstock broking team and the bloodstock managing agent, Galileo, to Howden. “We had built an exceptional bloodstock business but, as our focus is no longer …
Stablecoin Regulatory Crackdown Sends Warning to Industry
The U.S. Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could offer a hint at what type of dollar-pegged tokens may draw regulatory scrutiny, critical information for other digital asset firms …
Bird Flu Costs Pile Up as Outbreak Enters Second Year
The ongoing bird flu outbreak has cost the government roughly $661 million and added to consumers’ pain at the grocery store after more than 58 million birds were slaughtered to limit the spread of the virus. In addition to the …
Austrian Children Take Government to Court Over Climate Change
A dozen minors filed a lawsuit with Austria’s top court Tuesday seeking to force the government to ensure their constitutional rights are protected by taking tougher action against climate change. A lawyer for the group said the case submitted to …
Gay Couple Wins ‘Landmark’ Health Insurance Case in South Korea
A gay couple won a lawsuit in South Korea granting them spousal coverage from the national health insurance program, an apparent first in the country that only legally recognizes marriage as between heterosexual couples. In its ruling, the Seoul High …
Britain Says Global Accounting Rules Are Crimping UK Economy
A central plank of global accounting rules has become a “performance penalty” which holds back investment in Britain, its financial services minister Andrew Griffith said on Tuesday. So-called mark-to-market, or valuing investments on a regular basis to reflect changes in …
Shipping Industry Grapples With Ways to Cut Cargo Fires at Sea
Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday. Shipping transports around 90% of world trade onboard different vessels including …
Norfolk Southern Ordered to Clean Polluted Ohio Derailment Site
The U.S. government on Tuesday ordered rail operator Norfolk Southern Corp. to clean up contaminated soil and water at the site of a train derailment in East Palestine, Ohio, and to attend all public meetings with local residents. The Environmental …
Florida Workers’ Comp Revises Wording on Payment to Surgical Centers
The Florida Division of Workers’ Compensation has made a tweak to its proposed reimbursement manual for ambulatory surgical centers. The change, posted after a Jan. 12 hearing on the issue, would clarify the wording by removing the words “for which …
Trenton Officials Urge Probe of Arena Security After Fatal Stabbing During Tournament
TRENTON, N.J. (AP) — Officials in New Jersey’s capital city are calling for an investigation into security measures at an arena where a man was stabbed to death during a high school basketball game last week. Mercer County prosecutors say …
Pedestrian Killed by New York Police Cruiser in Multivehicle Accident
A New York City police cruiser struck and killed a 52-year-old woman in a multivehicle accident while responding to an emergency call, police said. The crash happened at about 8:30 p.m. Friday in the Far Rockaway section of Queens. Officials …