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BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany
Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer & Broker Engagement in Germany. Weinmann comes to BHSI with more than 20 years of insurance industry experience. He was most …

POSTED FEBRUARY 20, 2020 12:36 PM
China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business
Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An’s comments on the virus were included in its annual results, where …

POSTED FEBRUARY 20, 2020 12:11 PM
AXA Appoints Chubb’s Gunter as CEO of AXA XL, Replacing Hendrick
AXA announced the appointment of Scott Gunter as chief executive officer of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the group. Gunter was previously senior vice president of Chubb Group and president …

POSTED FEBRUARY 20, 2020 10:31 AM
Activist Hedge Fund Elliott Investment Builds Stake in Dutch Insurer NN Group
Elliott Investment Management, U.S. billionaire Paul Singer’s activist hedge fund firm, has built up a 3.04% stake in Dutch insurer NN Group, a filing by the Dutch financial regulator AFM showed on Thursday. Elliott’s move sent NN Group shares up …

POSTED FEBRUARY 20, 2020 9:52 AM
Swiss Re 2019 Profit Hit by Natural Disasters, U.S. Casualty Claims
Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, sending its shares lower. Net profit in the year …

POSTED FEBRUARY 20, 2020 9:42 AM
AXA Lowers 2020 Profit Guidance for XL Unit
French insurer AXA lowered its 2020 profit guidance for its companies-focused XL unit and named a new boss for the division, as it stepped up measures to reduce exposure to risks stemming from natural disasters that become more frequent. Insurers …

POSTED FEBRUARY 20, 2020 9:25 AM
Tennessee Teen Kidnapped by Teacher Settles with School District for $650K
A lawsuit has been settled between a Tennessee school district and a former student who was kidnapped by a teacher when she was 15. Tad Cummins sparked a 39-day nationwide manhunt when he fled the state with the former Culleoka …

POSTED FEBRUARY 20, 2020 8:00 AM
Tennessee Grand Jury Wants Criminal Investigation Into Coal Ash Worker Illnesses
A grand jury in Tennessee said it would support a criminal investigation into claims that a Tennessee Valley Authority contractor failed to protect workers cleaning up a massive coal ash spill, many of whom later fell ill and some of …

POSTED FEBRUARY 20, 2020 7:57 AM
Farmers Insurance Expands Into South Carolina with Online Auto Insurance Policy
Farmers Insurance has launched its first auto insurance product in South Carolina, delivered exclusively through a new digital and customizable auto insurance policy available on Farmersdirect.com. The digital auto insurance product in South Carolina offers quick quoting and a self-serve …

POSTED FEBRUARY 20, 2020 7:52 AM
Suit Against Army Corps for Post-Harvey Flooding Dismissed by Federal Judge
A federal judge has ruled that the U.S. Army Corps of Engineers isn’t liable for flood damage to thousands of Houston homes after the agency cracked open the gates on two massive dams in the wake of Hurricane Harvey. In …

POSTED FEBRUARY 20, 2020 6:46 AM

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