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Aon’s $30 Billion Bid for Willis Towers Watson Faces EU Antitrust Warning: Reuters
BRUSSELS – Aon is set to be hit with an EU antitrust warning over its $30 billion bid for Willis Towers Watson unless it offers concessions in the coming weeks, two people familiar with the matter said. The deal, announced …
POSTED MARCH 03, 2021 4:34 PM |
Britain Must Think ‘Creatively’ About Keeping London Competitive for Financial Services
Brexit starts a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial services companies, Britain’s finance minister Rishi Sunak told the Bank of England. Britain left the EU’s single market on Dec. …
POSTED MARCH 03, 2021 4:01 PM |
Nevada Counties Prepare to Manage Own Virus Rules
Nevada officials are preparing to cede decision-making power over the state’s coronavirus measures to county officials. In the five rural counties that have passed resolutions condemning the restrictions, it’s unclear how much will change. “We just plan to continue as …
POSTED MARCH 03, 2021 2:52 PM |
Colorado Senate Endorses Easing Civil Action Limits for Child Abuse Suits
Colorado’s Senate tentatively endorsed a bill this week to eliminate a six-year statute of limitations for victims of child sexual assault to pursue civil action against perpetrators, an effort lawmakers have struggled with for years. The bipartisan bill faces a …
POSTED MARCH 03, 2021 2:49 PM |
Boy Scouts Reorganization Plan Calls for $300M Fund for Sex Abuse Victims
The Boy Scouts of America submitted a bankruptcy reorganization plan this week that envisions continued operations of its local troops and national adventure camps but leaves many unanswered questions about how it will resolve tens of thousands of sexual abuse …
POSTED MARCH 03, 2021 2:41 PM |
Portevin Appointed Global Head of Allianz Risk Consulting
Thierry Portevin, current global head of property at Allianz Global Corporate & Specialty (AGCS), will be appointed global head of Allianz Risk Consulting (ARC), reporting directly to Tony Buckle, chief underwriting officer Corporate. The appointment is effective on March 8. …
POSTED MARCH 03, 2021 2:36 PM |
Seeds of Greensill Capital’s Swift Fall Triggered when Credit Insurer Balked at Renewal
The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer called Bond and Credit Company decided not to renew insurance policies covering $4.6 billion in corporate loans backed by the …
POSTED MARCH 03, 2021 2:08 PM |
Car Crashes Into Pennsylvania Gift Shop, Setting Two Buildings on Fire
A vehicle slammed into a Gettysburg gift shop and burst into flames, killing the driver and setting the building and a neighboring structure on fire, authorities said. Emergency dispatchers in Adams County said the vehicle crashed into the Blue and …
POSTED MARCH 03, 2021 2:07 PM |
Maryland’s Harford Mutual Insurance Group Announces Leadership Team Changes
Harford Mutual Insurance Group has announced changes to its leadership team. Senior Vice President Jeffrey Rink has been promoted to executive vice president with the added oversight of Administrative Operations, Customer Service and the Special Investigative Unit. Joining Harford Mutual …
POSTED MARCH 03, 2021 2:04 PM |
Next Insurance to Acquire Affinity Agency AP Intego
Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers property/casualty insurance including pay-as-you-go workers’ compensation to the small business customers of …
POSTED MARCH 03, 2021 2:03 PM |
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