Legal
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Insurers are increasing reserves due to a new laws expanding child victim compensation.
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The insurance company is opposing the Scouts’ bid to move the case to a local county court. -
The sanction comes after Berkshire Hathaway agreed to sell its stake in the workers’ compensation carrier to United Insurance.
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The court will later make a permanent ruling over whether action against Apollo’s life insurance unit can proceed.
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The company has reached a settlement with Alissa Fredricks and agreed to binding arbitration with Tony Belisle.
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The wholesale broking association’s CEO believes the Corporation’s revamp could restore reinsurance capital lost to rival centres.
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The City Council is working with RMS to improve the quality of its protection.
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The lawsuit against carriers including Chubb, Allianz and Markel follows the passage of NY’s Child Victims Act.
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The US suit alleges syndicates operated like “divisions of one corporation” rather than competitors.
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The carrier also installs James Stack as Pacific region CEO.
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Jose Ramon Gonzalez will report directly to chairman and CEO Dino Robusto.
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The new Dajia Insurance Group has 20.4bn yuan ($3bn) in initial capital, with the China Insurance Security Fund taking a majority stake.
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