American International Group today said it has a definite agreement to acquire the renewal rights for most of the Everest Group’s retail commercial insurance business. Everest will focus on its global wholesale and specialty insurance businesses. The renewal rights of …
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B Read More »
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Dallas Specialty Insurance Company (Dallas Specialty), based in Dallas, Texas. The outlook assigned to these Credit Ratings (ratings) is …
AM Best Assigns Credit Rating to Texas’ Dallas Specialty Read More »
The UK’s biggest banks are gearing up for yet another fight with regulators over how they’ll compensate consumers who were missold car loans — even after they set aside an additional £1.5 billion to resolve the saga in recent weeks. …
Banks Rocked by ‘Extreme’ Car Loan Costs Gear Up for FCA Fight Read More »
A staff member at a residential school in Massachusetts died after being kicked in the chest while trying to restrain a 14-year-old student, and the girl is charged with assault, a prosecutor said. The incident happened last Wednesday night at …
Staff Member Dies After Being Kicked at Residential School Read More »
The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the …
NHTSA to Expand Probe Into 286,000 GM Vehicles Over Possible Engine Failure Read More »
U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said Oct. …
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations Read More »
New York City’s St. John’s University is partnering with ACORD, the standards-setting body for the insurance industry, to offer virtual or in-person learning to employees of organizations that are members of ACORD. Programs focus on insurance fundamentals, professional skills, and …
St. John’s University and ACORD Partner On Executive Education Programs Read More »
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, …
JPMorgan Chase Fights Paying $115M Legal Tab for Convicted Fraudsters Read More »
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which …
CyberCube Insured Loss Estimate From AWS Outage: Likely About $40M Read More »
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and IQUW Bermuda. A summary of these new hires follows here. Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty Liberty Mutual Reinsurance (LM …
