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Chevron wins U.S. ruling blocking $8.6 billion Ecuador award

By: Thomson Reuters

Published August 08, 2016 - 4:10pm CST

(Reuters) — Chevron Corp. persuaded a federal appeals court on Monday to block enforcement in the United States of an $8.65 billion Ecuadorean pollution judgment that it said, and which the court agreed, was obtained through bribery and fraud.

AIG uptick

Published August 05, 2016 - 9:30am CST

If the second quarter is any indication, AIG's strategic overhaul is working. That, health care mergers and more top the Business Insurance week in pictures.

Fire, earthquake claims hit Hannover Re profit

By: Thomson Reuters

Published August 04, 2016 - 9:38am CST

(Reuters) — Big damage claims for wildfires, earthquakes and storms hit German reinsurer Hannover Re S.E. hard in the second quarter, contributing to a sharper-than-expected 15% fall in quarterly net profit and driving down its shares.

Axa, Humana violated narcotrafficker sanctions, Treasury says

By: Thomson Reuters

Published August 03, 2016 - 9:28am CST

(Reuters) — U.S. authorities said insurance providers Humana Inc. and Axa Equitable Life Insurance Co. violated sanctions by providing policies to three people blacklisted for alleged ties to narcotraffickers.

JLT Re acquires Latin America broker's portfolio

By: Joyce Famakinwa

Published July 21, 2016 - 2:18pm CST

JLT Re, the reinsurance arm of Jardine Lloyd Thompson Group P.L.C., on Thursday said it has acquired the portfolio of Lima, Peru-based Olsa Re.

Soccer club's stadium gets boost from insurer Allianz

Published July 21, 2016 - 10:01am CST

Austrian soccer club SK Rapid Wien has opened its 2016-17 campaign under the benevolent embrace of Munich-based insurer Allianz S.E.

Global insurers get set for Brazil Olympics risks

By: Sarah Veysey

Published July 17, 2016 - 12:01am CST

About $1 billion of insurance is in place to protect athletes, organizers, sponsors and broadcasters at the 2016 Olympic Games.

Risks weigh on Rio Olympics

Published July 15, 2016 - 12:57pm CST

The Rio Olympics are fraught with risks that need to be insured.

Wildfires, earthquakes to hit insurers' 2Q results

By: Rob Lenihan

Published July 13, 2016 - 5:10pm CST

XL Group P.L.C. and Aspen Insurance Holdings Ltd. said Wednesday that the May and June wildfires in Alberta were a major factor in second-quarter catastrophe losses, which they said have exceeded $300 million.

Insurer names president for Latin America

By: Joyce Famakinwa

Published July 13, 2016 - 4:02pm CST

Starr Cos. has named Miami-based Dorian Grey president of the Latin America division, Starr said in a Wednesday statement.

Chubb sees higher catastrophe losses from storms, wildfires

By: Thomson Reuters

Published July 13, 2016 - 9:00am CST

The insurer estimated natural catastrophe losses for the second quarter to be about 54% higher than the first quarter.

Natural catastrophes cause $27 billion in insured losses in first half

By: Sarah Veysey

Published July 12, 2016 - 8:52am CST

Overall, losses from natural catastrophes in the first half of 2016 totaled $70 billion, according to statistics from Munich Re.

Swiss Re Corporate Solutions names Latin America CEO

By: Joyce Famakinwa

Published July 01, 2016 - 10:37am CST

Swiss Re Corporate Solutions Ltd. said Friday that it has appointed Miami-based Axel Brohm CEO for Latin America.

Investors seek ruling against Petrobras in corruption lawsuit

By: Thomson Reuters

Published June 28, 2016 - 2:23pm CST

(Reuters) — Investors suing Brazil's state-run oil firm Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme.

Mexican insurer gains access to Lloyd's market with partnership

By: Sarah Veysey

Published June 28, 2016 - 8:43am CST

Mexico City-based Grupo Nacional Provincial joins up with Sompo Canopius in a strategic alliance.

Lloyd's opens Colombian office

By: Joyce Famakinwa

Published June 22, 2016 - 12:42pm CST

Lloyd’s of London has opened an office in Bogota, Colombia.

Supreme Court rules for R.J. Reynolds in racketeering case

By: Thomson Reuters

Published June 20, 2016 - 11:21am CST

(Reuters) — The U.S. Supreme Court on Monday limited the scope of federal racketeering law, handing R.J. Reynolds a victory in its effort to fend off a lawsuit by European Union nations accusing the cigarette maker of running a global money-laundering scheme involving narcotics smuggling into Europe.

Lab student's Zika infection highlights hazards

By: Gloria Gonzalez

Published June 16, 2016 - 12:29pm CST

OSHA says it has no jurisdiction over a workplace incident in which a worker contracted the virus.

Bigger risks, rewards come with Panama Canal expansion

By: Rob Lenihan

Published June 15, 2016 - 2:55pm CST

The Panama Canal's expansion will increase the value of insured goods and risk accumulation, Allianz Global Corporate & Specialty said Wednesday.

Bermuda captive industry seeks growth from Latin American, Canadian firms

By: Donna Mahoney

Published June 14, 2016 - 11:48am CST

The Bermuda captive industry is seeing opportunity in Latin America and Canada as competition from other captive domiciles has increased.

Construction trades learning safety as a second language

By: Louise Esola

Published June 12, 2016 - 12:01am CST

Hispanic and Latino workers' high rate of on-the-job injuries and deaths in construction has sparked a new resource for an industry with a workforce that is more than one-quarter Hispanic.

International standards for workplace safety making progress

By: Stephanie Goldberg

Published June 12, 2016 - 12:01am CST

A highly anticipated international safety standard intended to help companies reduce risks and promote safer workplaces is inching toward publication.

Fed records show dozens of cyber security breaches

By: Thomson Reuters

Published June 01, 2016 - 8:35am CST

The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage."

Largest insured losses 2015

Published May 27, 2016 - 12:01am CST

Four natural disasters and one industrial mishap rack up the biggest bills.

Ecuador cyber thieves moved $9 million to 23 Hong Kong firms

By: Thomson Reuters

Published May 26, 2016 - 10:40am CST

(Reuters) — Cyber thieves who stole $12 million from an Ecuadorian bank in 2015 routed the funds through 23 companies registered in Hong Kong, some of them with no clear business activity, according to previously unreported court filings and judicial rulings.

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