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The former CEO of Truist’s retail division said there is nothing in his contract to prevent him taking up the position. -
Berenberg believes EUR3.5bn would be a manageable loss for the insurer and estimates that it would be earned back in well under a year, but a EUR6.8bn loss would be more challenging.
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The broker also filed a lawsuit against Goode, Honeycutt, Forst, Rice, Lee and Keenan as individual defendants.
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Evan Greenberg has said Chubb has only a “limited obligation” to Century, a unit at the heart of the Boy Scouts of America (BSA) bankruptcy process.
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The production company behind the Apple TV+ show starring Jennifer Aniston sues Chubb for $44mn over denied pandemic losses.
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The settlement agreement was restructured on July 1 and includes terms that allow the BSA to emerge from bankruptcy, while compensating victims and requiring insurers to abide by the terms of policies purchased by the BSA.
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Florida-based Gulfstream is forced to liquidate after falling into insolvency.
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Marsh points Judge William Thomas to Aon’s arguments in the DoJ case as reason to dismiss poaching suit.
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Fair Plan had challenged that order, arguing that it would lead to higher rates.
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Details of potential additional divestitures are closely guarded, but they would likely include P&C broking assets.
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The RAA pushes plan to use public, private dollars to shore up communities most at risk from climate-related disasters.
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McKee sided with the ACPIA, who have opposed the legislation due to the potential for raised costs.
