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DBS Group Considers Forming Insurance Partnerships in India, Taiwan: Sources
DBS Group Holdings Ltd. is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter. The Singapore-based lender is working with Goldman Sachs Group Inc. as an adviser …
POSTED SEPTEMBER 11, 2024 6:45 AM |
Finland’s Sampo Secures Deal for Danish Insurer Topdanmark
Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of the Danish insurer. The Finnish insurance company raised its holding in Topdanmark to about 92.6% of shares, based on a …
POSTED SEPTEMBER 11, 2024 6:32 AM |
People Moves: Rhodes Named Berkley Mid-Atlantic President; Korzon Succeeds Ryan at Lockton Northeast; Acrisure Appoints Farbel for Mid-Atlantic
R. Berkley Names Rhodes President of Berkley Mid-Atlantic Insurance Group R. Berkley Corp., headquartered in Greenwich, Connecticut, appointed Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group, a Berkley company. Rhodes has nearly 20 years of experience in …
POSTED SEPTEMBER 11, 2024 6:00 AM |
People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires
Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice President Iraj Dehnavi, Senior Vice President Maureen Domenicone, Vice President Patrick Enderlin, Senior Vice President Patrick Grassl, Senior Vice President …
POSTED SEPTEMBER 11, 2024 5:31 AM |
Keurig Agrees $1.5M SEC Fine Over Pod Recyclability Statements
Keurig Dr Pepper Inc. agreed to pay a $1.5 million fine to settle U.S. Securities and Exchange Commission charges that the beverage company made inaccurate statements regarding the recyclability of its K-Cup pods, the regulator said on Tuesday. Keurig in …
POSTED SEPTEMBER 11, 2024 5:25 AM |
SEC Hits 7 Companies With Penalties for Violating Whistleblower Protections
Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday. TransUnion agreed to pay $312,000 and Acadia Healthcare Company will pay $1.39 million …
POSTED SEPTEMBER 11, 2024 5:12 AM |
Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims
Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline. …
POSTED SEPTEMBER 11, 2024 5:02 AM |
AM Best Places Credit Ratings of Oregon Mutual Group Members Under Review
AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Oregon Mutual Insurance Co. and Western Protectors Insurance Co., which are domiciled in McMinnville, …
POSTED SEPTEMBER 11, 2024 5:00 AM |
Francine Strengthens to Hurricane as It Barrels to Louisiana
Francine strengthened into a hurricane and is expected to make landfall in Louisiana Wednesday after causing some offshore oil platforms to be shuttered, but it will likely miss major natural gas export plants. On its current track, Francine could graze …
POSTED SEPTEMBER 11, 2024 5:00 AM |
SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders
The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders. The funds will start being dispersed starting in October, with 51,288 policyholders receiving the dividend, which as determined based on …
POSTED SEPTEMBER 11, 2024 5:00 AM |
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