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AXIS Capital Names Phillips Chief Investment Officer
Bermuda-based global specialty insurer AXIS Capital Holdings Ltd. on Tuesday announced the appointment of David Phillips as executive vice president and chief investment officer, effective April 17. ...Subprime Auto Lender May Have Exposed Clients’ Personal Info
Benjamin Lawsky, New York's top banking regulator, sued Condor Capital Corp., claiming the subprime auto lender stole millions of dollars from low-income customers and risked exposing their personal ...
Mortgage Insurer MGIC Rallies As U.S. Housing Market Improves
Mortgage insurer MGIC Investment Corp posted its highest quarterly profit since 2007 as fewer homeowners defaulted on their payments in an improving U.S. housing market, sending the company's shares ...Ship Owners Have to Provide Insurance, Bond for Stranded Merchant Sailors: New UN Rule
Sailors stranded on merchant ships without food, supplies or a way home won new safeguards. Ship owners will have to provide insurance or a bond to pay for sailors' wages and repatriation under a new ...
Dismissal of Hebrew National Lawsuit Not Kosher: Appeals Court
A year after ConAgra Foods Inc won the dismissal of a lawsuit claiming that its Hebrew National hot dogs were not kosher, a higher authority has given the case new life. A federal appeals court in ...Great American Acquiring Renewal Rights on Selective Insurance Public Entity Book
Great American Insurance Group announced Thursday that it completed a renewal rights agreement with Selective Insurance Company of America to acquire Selective's Self-Insured Group book of business. ...JPMorgan Releases Funds to Russian Insurer After Russia Protest, U.S. Approval
JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. "Following ...