Tesla Inc. TSLA.O and CEO Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “relentless” investigation to punish Musk for being a fraudster. outspoken criticism of the government. The accusations…
Global insurer American International Group (AIG) reported positive fourth-quarter and year-end results thanks to General Insurance business results. After reporting a net loss of $60 million for the fourth quarter of 2020, the company reported a net income of $3.74…
U.S. insurer Chubb Ltd has agreed to acquire health insurer Cigna Corp. In a statement released late on Thursday, Chubb said it would acquire Cigna’s A&H (accident and health) and life businesses in South Korea, Taiwan, New Zealand, Thailand, Hong…
A cryptocurrency broker that the Biden administration considers a backstop during the ransomware pandemic was recently legally registered in the Czech Republic but does not appear to have an office there. It may be operating beyond Moscow’s tallest skyscraper although…
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Liberty Mutual Group has appointed Enrique Huerta CEO of Liberty Seguros Compania, de Seguros y Reaseguros, SA (Liberty Seguros Spain), effective July 1, 2011. José María Dot, current President of Liberty Seguros Spain, who will retire last of 2011, will…
This edition of the International People Move details on appointments at McGill and Partners, Miller, and HDI Global Specialty. Below is a summary of these new employees. McGill and associatesre-shop specialist/insurance broker, appointed Dominic Mignon is the vice president of…
Zurich Financial Services Group has announced that the change of name from Zurich Financial Services Ltd to Zurich Insurance Group Ltd “has taken effect as long as its name is on the commercial register of the canton of Zurich.” Previously,…
Editor’s Note: This installment of a biographical series on cannabis brokers, where Insurance Magazine explores why and how these people got into the business, the ups and downs of underwriting. cannabis tips, as well as some tips for those interested…
Having just hit a $1 billion valuation, the top executive of Wealthsimple Inc. said the company still has a lot of work to do before pursuing an initial public offering. The online investment firm, which on Wednesday announced a new…