Here are a few recent articles that highlight issues impacting the world of risk and insurance. Topics include a large merger, a DOJ and SEC settlement for Analogic, cost-cutting at AIG, insurance fraud and an FBI sting leading to bribery charges and arrest.
Towers Watson and Willis Shareholders Approve $8.9 Billion Merger Deal
Insurance Journal: Towers Watson & Co. won approval from its shareholders for an $8.9 billion merger with insurance broker Willis Group Holdings Plc, overcoming opposition from proxy advisers. Willis shareholders also supported the combination.
Analogic: DOJ and SEC Want $15 million for FCPA Settlement
FCPA Blog: Analogic Corporation said in a securities filing Wednesday the SEC and DOJ made separate settlement proposals to end an ongoing FCPA investigation that would include total payments of about $15 million.
Commercial Insurance Boss and CFO to Leave AIG in Exec Shake-up
Commercial Risk Europe: Four of AIG’s executive team, including its head of commercial insurance and chief financial officer (CFO), will leave the company as part of a shake-up to cut costs, boost profits and simplify operations.
Businessman Gets 37 Years for $100 million Insurance Premium Fraud
Associated Press: A businessman who prosecutors say stole more than $100 million in insurance premiums to live a life of luxury has been sentenced to 37 years in prison.
FBI Sting Leads to Arrest on Charges of Bribery in Military Contracting
Sacramento Bee: A Romanian national has been charged in Sacramento federal court with bribing an Air Force officer to obtain a $10.35 million military contract.