Insurance Archives - Factor Activo

Brazil’s State-Owned Caixa Again Postpones IPO of Its Insurance Unit
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Brazilian state-owned lender Caixa Economica Federal said on Thursday that it had indefinitely postponed plans for an initial public offering of its insurance unit Caixa Seguridade, the second time this year the high-profile deal has been put off. Caixa Economica …

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Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program
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Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished Programs, a national program administrator. Retail agents can now learn about and …

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A.J. Gallagher Alleges Alliant’s Poaching ‘Playbook’ Has Cost It Employees, Clients
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California-based insurance broker Alliant is again being sued over an alleged poaching scam, this time by rival Arthur J. Gallagher & Co. Gallagher claims Alliant, with assistance and capital from its private equity partner Stone Point Capital, has engaged in …

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Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming
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Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s …

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Court Nixes Opioid Proposal That Would Have Included Cities That Have Not Sued
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A federal appeals court on Thursday overturned a judge’s approval of a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid crisis that would bring every community nationally into their settlement talks. The 6th …

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Alabama City Officials Drop Chemical Contamination Lawsuit
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Officials in the northwest Alabama city of Guin have dropped a lawsuit against chemical giant 3M that alleged chemicals from its manufacturing plant had entered a creek that supplies drinking water to the community. The Guin Water works & Sewer …

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Lockton Names Huston Senior Vice President in Washington
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Lockton Cos. has named Danielle Huston a senior vice president. Huston will support the growth of Lockton’s Washington office and oversee the introduction of benefits consulting services to the local market. She was previously with Propel Insurance. Lockton is an …

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What Ever Happened to Hedge Fund Reinsurers?
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The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of …

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Swiss Re Announces Plans to Streamline Structure of Group
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Swiss Re announced further streamlining of the legal entity structure of the group. Following the announcement on June 19, 2020 that the Life Capital Business Unit will be disbanded, Swiss Re also intends to reorganize the legal entity structure of …

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