Chubb outlined the structure of the new $20 billion maritime reinsurance facility, created to provide marine war risk insurance for ships sailing through the Strait of Hormuz — which has been effectively closed to shipping since the start of the …
MSIG USA announced the appointment of Matt Thompson as South-Central region distribution leader, responsible for leading MSIG USA’s growth strategy across Texas, Oklahoma, Mississippi, Louisiana, and Arkansas. Thompson will report to Joseph Fitzpatrick, head of distribution for MSIG USA. Thompson …
People Moves: MSIG USA Appoints Thompson as South Central Distribution Leader Read More »
The Justice Department sued Harvard University for allegedly violating Jewish students’ civil rights in the Trump administration’s latest attack on the university. In the suit filed Friday in Boston federal court, the government claims Harvard failed to protect Jewish students …
Harvard Sued by Justice Department Over Alleged Antisemitism on Campus Read More »
Nearly 9.5 million people across the U.S. Southwest face extreme high temperatures, as an ongoing heat wave continues to topple records and raise the risk of wildfires as far away as the Great Plains. Las Vegas reached 96F (36C) Saturday, …
Southwest Heat Wave Tumbles Records, Raises Fire Risk Read More »
Starr, the New York City-based global investment and insurance organization, announced it has completed the acquisition of IQUW Group, which creates a more diversified specialty re/insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor. Financial …
Starr Completes Acquisition of IQUW Group Read More »
An Air Canada Express jet collided with a fire truck while landing at New York’s LaGuardia airport late on Sunday, killing both pilots, injuring dozens and closing the facility, authorities said. The Air Canada Express CRJ-900 plane, operated by its …
Two Pilots Killed, Dozens Injured in Jet Collision With Fire Truck at LaGuardia Airport Read More »
A U.S. federal jury found Elon Musk liable on Friday for claims he defrauded Twitter shareholders by trying to drive down the social media company’s stock price so he could renegotiate or back out of a $44 billion takeover in …
Musk Found Liable to Twitter Shareholders in Fraud Lawsuit Over Takeover Read More »
Iran will attack Israel’s power plants and those supplying U.S. bases across the Gulf region if President Donald Trump carries out his threat to “obliterate” Iran’s power network, the Revolutionary Guards said in a statement on Monday. They appeared to …
Iran Threatens to Strike Gulf Power Plants After Trump Ultimatum Read More »
Fermat Capital Management says a European proposal to limit retail investors’ access to catastrophe bonds faces serious pushback, as money managers specialized in insurance-linked strategies mount a coordinated front. John Seo, co-founder and managing director of the Connecticut-based hedge fund …
Fermat Criticizes ‘Unprecedented’ EU Plan to Limit Retail Investor Access to Cat Bonds Read More »
Berkshire Hathaway Inc. will invest 287.4 billion yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., ramping up the US conglomerate’s exposure to the Japanese market. National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in …
Update: Berkshire Hathaway to Invest $1.8 Billion in Tokio Marine Read More »
