Listed US investment firm T Rowe Price is set to receive $100mn from insurers after a technical blunder reportedly cost the company’s shareholders twice that sum.
As part of a wider assault on climate change, California Insurance Commissioner Dave Jones has claimed responsibility for forcing a $4bn selldown in fossil fuel-related assets by some insurers.
The former chief underwriting officer of WR Berkley’s reinsurance operation, Jonathan Schriber has been promoted to a group role, the company announced today along with two other appointments.
Zurich is set to slash around 240 jobs from its UK workforce as its recently arrived CEO Mario Greco continues to enact a turnaround plan announced late last year.
