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11, 2015
Drone Registry Could Be Paper-Free and Fee-Free for Owners
A federal task force is expected to recommend a Web-based registry for drone owners that would impose no registration fees, two people familiar with the matter said. The 25-member task force reached no final decisions after three days of meetings …
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11, 2015
Arch Capital Group Ltd. Names Grandisson President & Chief Operating Officer
Bermuda-based Arch Capital Group Ltd. (ACGL) announced that Marc Grandisson will be promoted to the position of president and chief operating officer, effective Jan. 1, 2016. Grandisson, 48, joined the company in 2001 and currently serves as chairman and chief …
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11, 2015
Columbia Lloyds Insurance Names Todd as President/CEO, Bana as COO
Houston-based Columbia Lloyds Insurance Co., a provider of homeowners and tenant dwelling insurance throughout Texas, Oklahoma and Arkansas, has appointed John R. Todd as president and chief executive officer, and Shabbir “Sam” Bana as chief operating officer. Todd has been …
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11, 2015
Union Mutual of Vermont Companies Promotes Markolf to Director of Marketing
Union Mutual of Vermont Companies has promoted Alexis Markolf to director of marketing. She is based in the company’s Montpelier, Vermont, office. Markolf joined Union Mutual of Vermont Companies in 2012 as marketing coordinator and worked within Union Mutual’s marketing …
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11, 2015
U.S. Charges 3 in ‘Securities Fraud on Cyber Steroids’ Scheme
U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co. and generated hundreds of millions of dollars of illegal profit. …
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11, 2015
Aspen Insurance Appoints McElroy as Global Head of Environmental
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced that William McElroy will be appointed global head of environmental, effective Nov. 16, 2015. McElroy will lead Aspen Insurance’s global environmental practice, establishing a new global platform around product …
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11, 2015
Delaware Says Several Insurers Received Fraudulent Invoice
The Delaware Department of Insurance issued a bulletin to all insurance carriers doing business in Delaware, warning them to look out for deceptive invoices. The bulletin No. 80 (“Deceptive Solicitation From ‘Register Delaware'”), issued on Nov. 6, said it has …
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11, 2015
Henderson Brothers Announces 3 New Hires in Pittsburgh
Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, recently announced the following three new hires: Jayne Oliver joined Henderson Brothers as client consultant in the employee benefits department. With over two decades in the insurance industry, Oliver …
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11, 2015
2 Proxy Advisers Recommend Towers Watson Shareholders Vote for Willis Merger
Towers Watson & Co. has announced that proxy advisers Proxy Mosaic LLC and Egan-Jones Ratings Co. both recommended that Towers Watson stockholders vote for “the proposed merger of equals” with Willis Group Holdings. “We are pleased that Proxy Mosaic and Egan-Jones recognize …
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11, 2015
Climate Risk May Hit Equity Portfolios as Investor Sentiment Shifts: Study
Equity portfolios may lose as much as 45 percent of their value due to shifting investor sentiment about climate change, according to a report by. Investors are becoming more aware of the short-term impact that the warming planet may have upon …