Category: Insurance Journal

People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
Insurance Journal | September 30, 2022
People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, Bermuda AXA XL Reinsurance announced it has appointed Mark …
Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit
Insurance Journal | September 30, 2022
Insurer Off the Hook in Defending Western Union Against Terrorist Financing Suit
An insurer’s war and financial services exclusions relieve it of having to provide coverage for an insured being sued for allegedly aiding international terrorists responsible for the crash of Malaysia Airlines Flight 17 in eastern Ukraine in 2014. The U.S. …
Ian Aftermath Even Harder to Fix With Supply Chain Tattered
Insurance Journal | September 30, 2022
Ian Aftermath Even Harder to Fix With Supply Chain Tattered
The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that’s lingered since the early days of the pandemic: snarled supply chains. Ian tore a path of destruction across Florida, …
Families of 3 Survivors File First Uvalde School Shooting Lawsuit
Insurance Journal | September 30, 2022
Families of 3 Survivors File First Uvalde School Shooting Lawsuit
The families of three children who survived the Uvalde mass shooting in May have filed the first lawsuit in a federal court against the Uvalde school district, law enforcement officials, gun makers and others, alleging that their negligence and failures …
People Moves: WTW Appoints Cui; Powers Promotes Sullivan
Insurance Journal | September 30, 2022
People Moves: WTW Appoints Cui; Powers Promotes Sullivan
WTW appoints Cui to its Insurance Consulting and Technology business WTW has appointed Michelle Cui as director, actuarial property and casualty, in its insurance consulting and technology business. Cui joins WTW in its Chicago, Illinois, offices from Zurich North America, …
Chinese Billionaire Faces Civil Trial in Minnesota Over Alleged Rape
Insurance Journal | September 30, 2022
Chinese Billionaire Faces Civil Trial in Minnesota Over Alleged Rape
A Chinese billionaire, one of the richest people in the world, is heading to trial in Minneapolis to defend himself against allegations that he raped a former University of Minnesota student after a night of dinner and drinks in 2018. …
Crash Involving Speeding Truck in Uvalde, Texas Kills 2, Injures 10
Insurance Journal | September 30, 2022
Crash Involving Speeding Truck in Uvalde, Texas Kills 2, Injures 10
Two people were killed and 10 others injured when a pickup truck crashed into two other vehicles in the Texas city of Uvalde, authorities said. Uvalde Police Chief Daniel Rodriguez said U.S. Border Patrol agents saw the truck speeding Wednesday …
Michigan Train Derailment Sends Several Rail Cars Off Tracks
Insurance Journal | September 30, 2022
Michigan Train Derailment Sends Several Rail Cars Off Tracks
A train derailment sent a dozen rail cars off the tracks Thursday morning near Detroit, snarling traffic while emergency responders assessed the damage, officials said. Warren Mayor Jim Fouts said 12 of the train’s 151 cars derailed about 7:30 a.m. …
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Insurance Journal | September 30, 2022
Australia’s AUB Completes Acquisition of Lloyd’s Broker Tysers from PE Firm Odyssey
Australia’s AUB Group Ltd. (AUB) announced it has completed its acquisition of leading Lloyd’s wholesale broker Tysers from Odyssey Investment Partners. The acquisition, which was first announced in May 2022, has a purchase price of A$880 million (US$570.3 million) with …
California Doctor Prescribing Unneeded Drugs Guilty of Insurance Fraud
Insurance Journal | September 30, 2022
California Doctor Prescribing Unneeded Drugs Guilty of Insurance Fraud
A physician pleaded guilty to defrauding California’s Medi-Cal system by prescribing unnecessary drugs to more than 1,000 patients, prosecutors said. Dr. Mohammed El-Nachef entered pleas in Orange County to one count of insurance fraud and one count of aiding and …