Business Insurance
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South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 billion) in the first half of this year, in a new record set by the industry, Asia Insurance Review reported citing Pulse by Maeil Business News Korea....
Posted: Aug 22, 2023
According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced capacity on risks, making it challenging to secure coverage with carriers, Middle East Insurance Review reported. The report also highlights that nat...
Posted: Aug 22, 2023
Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate directly in the specialist Lloyd’s insurance and reinsurance marketplace, Reinsurance News reported. The announcement means Latin RE will be able to se...
Posted: Aug 22, 2023
Germany-based insurer Allianz SE's Asian business has reported a 18% year-on-year increase in operating profit to €370 million ($402.9 million) in the first half of this year, Asia Insurance Review reported. The property and casualty segment’s operat...
Posted: Aug 22, 2023
Insurance Australia Group Ltd., which is ensnared in a litigation over the collapse of supply chain financing firm Greensill Capital Pty Ltd., said in its annual report on Aug. 21 that it has 20 claims with an aggregate value of $7 billion Australian...
Posted: Aug 22, 2023
The U.S. Department of Labor on Monday announced it filed a federal whistleblower lawsuit against a Tyler, Texas-based company over allegations it fired a worker who had requested to use a respirator to protect against workplace smoke and fumes.
Posted: Aug 22, 2023
The Occupational Safety and Health Administration has cited a San Antonio, Texas, wire drawing company after a worker suffered a fatal fall from a forklift in February.
Posted: Aug 22, 2023
Funds managed by Goldman Sachs Asset Management will invest more than $1 billion in debt and equity in World Insurance Associates LLC, the acquisitive brokerage announced Monday.
Posted: Aug 21, 2023
Ukraine is considering using its newly tested wartime Black Sea export corridor for grain shipments after other cargo ships follow the first successful evacuation of a vessel on the route last week, a senior agricultural official said on Monday.
Posted: Aug 21, 2023
Indivior has agreed to pay $30 million to settle a class-action lawsuit filed in a U.S. court by health plans accusing the drugmaker of illegally suppressing generic competition for its opioid addiction treatment Suboxone.
Posted: Aug 21, 2023
Broker Marsh LLC, a unit of Marsh & McLennan Cos. Inc., said in a statement Sunday it would acquire Australia’s Honan Insurance Group.
Posted: Aug 21, 2023