DARAG Group Limited (“DARAG”), a leading legacy acquirer, today announces the conclusion of a transaction with a leading Lloyd’s syndicate to provide reinsurance for a US liability book. The reinsurance will be provided via DARAG’s Maltese risk carrier, DARAG Malta Insurance and Reinsurance PCC Ltd. This innovative deal, concluded by a Lloyd’s Syndicate with a… Continue reading DARAG Announces Reinsurance Agreement with Lloyd’s Syndicate
Tag: liability insurance
Families Can Sue Gun Maker for Sandy Hook School Massacre
Families of schoolchildren gunned down in the 2012 Sandy Hook massacre can sue Remington Outdoor Co Inc, a Connecticut court ruled on Thursday, in a setback for gun makers long shielded from liability in mass shootings. In a 4-3 ruling widely expected to be appealed to the U.S. Supreme Court, Connecticut’s highest court found the… Continue reading Families Can Sue Gun Maker for Sandy Hook School Massacre
Big Claims Strain Senior Living Market for U.S. Insurers
Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in the theater and died about six weeks later. Now Smith’s estate is suing Sunrise, saying that aides did not properly watch… Continue reading Big Claims Strain Senior Living Market for U.S. Insurers
AGCS Extends Partnership with Praedicat to Mitigate Product Safety Risks for Liability Insurance Clients
Global Corporate & Specialty (AGCS), the corporate insurance carrier, together with Praedicat, an InsurTech analytics company based in Los Angeles, are expanding their partnership to provide a unique analytic resource to policyholders. Specifically, clients will benefit from access to ChemMeta®, Praedicat’s software solution delivering science and regulatory risk analytics for industrial companies. ChemMeta helps both… Continue reading AGCS Extends Partnership with Praedicat to Mitigate Product Safety Risks for Liability Insurance Clients
Chubb Names Keith Higdon Division President of ESIS, Inc.
Chubb has named Keith Higdon Division President of ESIS®, Inc., the company’s risk management solutions division, which provides a full range of sophisticated risk management services, including workers compensation and liability claims handling, in addition to integrated absence management services. In this role, Mr. Higdon will be responsible for leading the management of ESIS, a… Continue reading Chubb Names Keith Higdon Division President of ESIS, Inc.
Nomura to Pay $480M to Settle U.S. Mortgage Bond Mis-Selling Claims
Nomura has agreed to pay $480m to settle civil claims that it misled investors in the lead up to the financial crisis. The settlement is the latest in a long string of cases relating to the sale of residential mortgage-backed securities that have resulted in banks paying billions of dollars in fines. “This settlement holds… Continue reading Nomura to Pay $480M to Settle U.S. Mortgage Bond Mis-Selling Claims