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The drugs and consumer goods giant must pay $572mn in damages, but is appealing the judgment. -
The two will report to David Perez, EVP and general manager of national insurance specialty.
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Average cost per claim hits £4,791 according to latest research.
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One way to think about the ambitious build-out of start-up (re)insurer Convex is an interesting test of the franchise values of specialty (re)insurers.
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The carrier hires a former Aon director as it enters the $650mn market.
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The underwriter will join the casualty team, led by Dan Curran.
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The New York State court system has designated 45 judges to deal with a deluge of lawsuits expected to be filed as the law takes effect.
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Rey Haliti and Auberson Eustache have joined the Bermudian (re)insurer’s New York office.
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The insurer says it shouldn’t have to cover the university’s settlement because the policy contained an abuse and molestation exclusion.
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The move follows regulatory scrutiny in other states over the offering of Carry Guard policies.
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More than half of attorneys surveyed by the carrier said litigation finance has prolonged the time it takes to settle losses.
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Investment income increases, while the group’s non-life run-off operations and Lloyd’s business Atrium post an improved performance.
