Aggregator

AmRisc LLC, a subsidiary of Truist Insurance Holdings Inc., and Stone Point Capital LLC said Friday that AmRisc has formed Trouvaille Re Ltd., an insurance sidecar that will provide $325 million of collateralized reinsurance capacity for AmRisc’s coastal commercial excess and surplus property insurance portfolio beginning on April 1.

Property catastrophe renewals in Japan mimicked trends seen in the U.S. at Jan. 1 reinsurance renewals, with pricing flat to slightly down, while South Korea, China and India also saw increased competition for catastrophe business, according to a report preview Friday from Aon PLC.

An Easter Bunny visit might be a boon for sugar-crazed children. But for pets, not so much.

The U.S. Department of Labor on Friday announced a final rule clarifying the rights of employees to authorize a representative to accompany an Occupational Safety and Health Administration compliance officer during an inspection of their workplace will be published in the Federal Register on Monday.

A federal judge on Thursday dismissed seven lawsuits by investors who accused Goldman Sachs Group Inc. and Morgan Stanley of misconduct that fueled the rapid March 2021 collapse of Bill Hwang’s $36 billion firm Archegos Capital Management.

Virginia Gov. Glenn Youngkin vetoed on Thursday a proposed change to the state’s workers compensation system that would have made it easier for workers who suffer falls to prove their injuries were work-related.

The U.S. government awarded the state of Maryland an initial $60 million in emergency funds on Thursday to clear debris and begin rebuilding the collapsed Francis Scott Key Bridge in Baltimore, an extraordinarily fast disbursement after such a disaster.