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News – Insurance Journal
New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting
Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin Rehnberg became interim CEO in November 2019. Three months later, Rehnberg was named as its full-time leader. Less than a …
POSTED MARCH 31, 2020 9:22 AM |
QBE Withdraws 2020 Financial Targets on COVID-19 Related Economic Uncertainty
QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating ratio and net investment return targets for the 12 months ended Dec. 31, 2020. However, QBE has decided to withdraw …
POSTED MARCH 31, 2020 8:30 AM |
Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies
Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. Deal …
POSTED MARCH 31, 2020 8:12 AM |
Judge Won’t Halt Salvage of Capsized Ship on Georgia Coast
A federal judge ruled she will not halt removal of a capsized cargo ship along the Georgia coast while a salvage company that lost the job to a competitor sues the U.S. Coast Guard. The decision by U.S. District Court …
POSTED MARCH 31, 2020 5:51 AM |
Sompo GRS Adds Carroll as Deputy Head of Life Sciences Practice in North Carolina
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Michael P. Carroll as senior vice president and deputy head of Life Sciences for Sompo Global Risk Solutions (GRS), reporting to Lisa Davis. …
POSTED MARCH 31, 2020 5:39 AM |
Mississippi Gov: Businesses that Remain Open Risk Lawsuits
Mississippi Gov. Tate Reeves is allowing many businesses to remain open amid the coronavirus pandemic, but he repeated Friday that some should voluntarily change the way they operate. The Republican added a new twist by implying a threat from trial …
POSTED MARCH 31, 2020 5:28 AM |
High-Flying Zoom Faces Privacy Suit Claiming It Fails to Protect User Data
Zoom Video Communications, which has seen its stock zoom by 115% since January, is being sued by a Sacramento user who claims the service unlawfully discloses users’ personal information. The video service has enjoyed a surge in popularity as people …
POSTED MARCH 31, 2020 4:55 AM |
CAC Specialty Adds Trinkleback and Goodier in Colorado
CAC Specialty has named Robert Trinkleback leader of property/casualty loss control, and Jonathan Goodier vice president and property/casualty claims advocate in Denver, Colo. Trinkleback will help clients improve workplace safety while increasing productivity and reducing costs related to property, workers’ …
POSTED MARCH 30, 2020 6:13 PM |
Insurance Agency Employees Making More Money But Not as Happy
Insurance agency personnel on average made a little more money in 2019 but they were not as happy as they were in 2018. Nearly all personnel — owners, producers and support staff — enjoyed a slight uptick in average pay. …
POSTED MARCH 30, 2020 4:56 PM |
Activist Fund CIAM Keeps Pressure on Reinsurer SCOR – and its CEO/Chairman Kessler
The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated up again recently with yet another push by CIAM to separate the chairman and CEO roles, both held by Denis …
POSTED MARCH 30, 2020 4:53 PM |
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