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Aon’s NFP Acquires UK-Based Consultant HELPGB NFP, an Aon company and international insurance brokerage and consulting firm, announced it has acquired HELPGB, a human resources and health and safety consulting business. Financial details of the deal were not disclosed. Clark Hunter, director of HELPGB, will remain …
POSTED MAY 21, 2024 8:39 AM |
Warburg, Temasek Buy Insurance Services Firm, Specialist Risk Group, in £1B Deal Warburg Pincus, a private equity firm focused on growth, is teaming up with Singapore’s Temasek Holdings Pte to buy Specialist Risk Group Ltd., an independent insurance intermediary, according to people familiar with the matter. The deal values Specialist Risk Group, …
POSTED MAY 21, 2024 8:16 AM |
Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This broadens Allianz’s wholesale marine distribution and allows Rokstone to write direct and …
POSTED MAY 21, 2024 7:53 AM |
AI-Intensive Sectors Are Seeing Productivity Surge: PwC The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity …
POSTED MAY 21, 2024 6:29 AM |
Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client companies. MS&AD, which also reported full-year guidance that exceeded …
POSTED MAY 21, 2024 6:09 AM |
GSK Faces Whistleblower Suit From Lab That Found Zantac Risk GSK Plc is facing a whistleblower lawsuit that could potentially cost it billions of dollars from the laboratory that revealed the presence of a probable carcinogen in Zantac, the heartburn medication that the UK drugmaker invented and turned into a …
POSTED MAY 21, 2024 5:17 AM |
US to Deploy More Than $50 Million to Shield Private Hospitals From Cyberattacks The US government is seeking to play a more active role in protecting the private health-care sector from a deluge of cyberattacks that have disrupted patient care and left providers unpaid. US health officials will unveil Monday a new program …
POSTED MAY 21, 2024 5:12 AM |
Georgia Statute of Limitations Not Automatically Tolled in Negligent Security Cases Insurers covering property in Georgia could be on the hook for personal injuries occurring on the premises if the property owners and property managers do not fulfill their duty to exercise ordinary care in keeping their premises and approaches safe, …
POSTED MAY 21, 2024 5:02 AM |
Cal/OSHA Beefing up Safety Enforcement to Protect Workers Against Silicosis California’s Division of Occupational Safety and Health reports seeing growing number of silicosis cases among stone workers in California, and the agency is launching efforts to beef up its enforcement efforts. Since 2019, more than 100 California stone workers have …
POSTED MAY 21, 2024 5:00 AM |
Hawaii Officials Outline Efforts to Prevent Another Devastating Wildfire Ahead of a Dry Season As Maui continues to recover from the deadliest U.S. wildfire in more than a century, Hawaii officials are looking at preventing another similar disaster ahead of what is expected to be a dry, fire-prone season, Gov. Josh Green said in …
POSTED MAY 21, 2024 5:00 AM |
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