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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

Specialty insurer and reinsurer Sompo Canopius A.G. and Mexico City-based insurer Grupo Nacional Provincial SAB said Tuesday that they have formed a strategic partnership.

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.

Week in pictures

Published May 20, 2016 - 9:28am CST

A downed commercial jet, another quake in Ecuador and a scary forecast for San Francisco top the Business Insurance week in pictures.

Swiss Re names new North America corporate solutions CEO

By: Mark A. Hofmann

Published May 19, 2016 - 9:43am CST

Swiss Re Corporate Solutions Ltd. on Thursday said it has appointed Ivan Gonzalez as CEO of North America effective July 1.

Liberty Mutual net income rebounds in 1Q

By: Donna Mahoney

Published May 18, 2016 - 5:03pm CST

Liberty Mutual Holding Co. Inc. on Wednesday reported first-quarter net income of $403 million, a 48.2% increase over the first quarter of last year.

Insurer adds specialty property/casualty to Mexico operation

By: Joyce Famakinwa

Published May 11, 2016 - 12:34pm CST

The Mexican Insurance Commission has granted formal approval to extend the license of Great American Insurance Group's local company, El Águila Compañía de Seguros, S.A. de C.V., to establish a specialty property/casualty operation in Mexico.

FM Global ranks locales worldwide by quality of their resilience

By: Rob Lenihan

Published May 10, 2016 - 11:16am CST

The central U.S., known for all sorts of natural hazards, ranks seventh in this year's FM Global Resilience Index — and is the top area of risk in the United States.

Week in pictures

Published May 06, 2016 - 10:38am CST

Wildfires rage in Canada, natural disaster damages jump, automotive recalls gain speed and AIG earnings slump. All in the Business Insurance week in pictures.

Indicted former FIFA official wins defense costs in D&O case

By: Judy Greenwald

Published April 28, 2016 - 10:21am CST

A former FIFA official under criminal indictment in New York is entitled to defense costs from Lloyd’s of London underwriters and an Axis Capital Holdings Ltd. unit under the soccer organization’s directors and officers liability coverage, says a U.S. District Court.

Costliest volcanoes

Published April 26, 2016 - 10:24am CST

Rumbling, grumbling, explosive and costly, volcanoes have created losses that run into the billions.

Aspen profit limited by higher expenses, catastrophe losses

By: Rob Lenihan

Published April 22, 2016 - 11:55am CST

Aspen Insurance Holdings Ltd. on Friday reported that its first-quarter net income fell 10.6% to $114.4 million as the Hamilton, Bermuda-based insurer and reinsurer continued to re-examine its business.

Week in pictures

Published April 22, 2016 - 9:36am CST

The earth moved, the water rained, hail fell and class-action deals piled up in the Business Insurance week in pictures.

Japan, Ecuador earthquake insured loss estimates near $4 billion

By: Rob Lenihan

Published April 21, 2016 - 11:49am CST

Catastrophe modelers from AIR Worldwide and Risk Management Solutions issued loss estimates Thursday.

Damage, death toll mounting in deadly quakes in Japan and Ecuador

By: Rob Lenihan

Published April 19, 2016 - 2:32pm CST

Deadly earthquakes that struck Japan and Ecuador during the weekend resulted in major losses and multiple deaths.

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