Argo takes cease-and-desist order | Insurance Business

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“Without admitting or denying the SEC’s findings, Argo consented to the SEC’s cease-and-desist order, which requires Argo to pay a US$900,000 (around SG$1.25 million) civil penalty.”

This was the revelation made by the US Securities and Exchange Commission when it announced settled charges against Argo Group International Holdings, Ltd., the insurance group headquartered in British overseas territory Bermuda which continues to be haunted by its leadership past.  

“The SEC’s order finds that in its proxy statements for 2014 through 2018, Argo disclosed that it had provided a total of approximately US$1.2 million (around SG$1.67 million) in perquisites and personal benefits,

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Singapore remote workers eligible for work injury compensation

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Employees injured while working from home must be compensated by employers, Singapore Minister of State for Manpower Zaqy Mohamad said in Parliament on June 04.

“Work-from-home arrangements do not change an employer’s responsibility for work injury compensation,” Zaqy was quoted as saying in a report by Channel News Asia.

This was in response to a question by MP Patrick Tay regarding the status of work injury compensation in case the employee is working from home. Due to Singapore’s COVID-19 circuit breaker measures, many employees from non-essential roles and businesses have been working from home since April 07.

“The key is

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Delta reveals tie-up with Taiwanese insurance company

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Delta Insurance has closed a deal with Taiwanese company Hotai Insurance, and will be providing a commercial cyber insurance offering along with risk management, employee training and product support.

The agreement is part of Delta’s long-term growth strategy across Asia, with managing director Ian Pollard noting its recent partnership with Vietnamese insurer Bao Viet Insurance, and earlier similar deals with partners in Hong Kong, Cambodia and Thailand. Pollard says the company will now look to establish similar deals across Indonesia, the Philippines, Korea, Malaysia and Japan.

“As part of our partnership, we will be helping Hotai’s underwriters and advisers understand

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Crawford & Company names new general counsel

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Crawford & Company has announced the appointment of Tami Stevenson as senior vice president and global general counsel. In her new role, Stevenson will report to Joseph Blanco, president of Crawford.

Stevenson succeeds Blanco as general counsel and corporate secretary following Blanco’s promotion to president last month. In her new role, she will be responsible for leading the company’s legal department and supporting the board in maintaining best practices in governance policies and procedures.

“Tami has provided strategic counsel on a broad range of legal, business and operational matters during her tenure at Crawford, and she has consistently demonstrated that

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