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11, 2015
Willis ‘Disappointed’ that Tower Watson Shareholders Advised to Reject Merger
Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are disappointed with their conclusion that Towers Watson shareholders should not support the merger. We believe that …
4
11, 2015
Kentucky Farmers Ready for Growth of Hemp Industry
Tucked away off a narrow country road in Clark County, Kentucky, in the middle of a farm, 27 acres of hemp grew all summer. Now, the plants will be harvested and processed. Kentucky, hailed as a leader by industrial hemp …
6
11, 2015
Credit Markets Oppose Splitting Up AIG
American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist shareholder Carl Icahn: The credit market has been on the insurer’s side. The cost to protect bondholders against an AIG …
4
11, 2015
Marsh & McLennan Agency Acquires Dawson Insurance in North Dakota
Marsh & McLennan Agency LLC (MMA) has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, N.D. Terms of the transaction were not disclosed. Established in 1917, Dawson Insurance provides commercial and personal insurance, surety bonds, safety and loss …
9
11, 2015
Hyperion Appoints BP CIO, Lyn Grobler, as Group Chief Information Officer
London-based Hyperion Insurance Group* announced that Lyn Grobler will be joining from BP as group chief information officer. Grobler, VP and CIO of corporate functions at BP, will join Hyperion in January 2016 to oversee all aspects of technology and …
4
11, 2015
Best Agency in West: MOC, Where Employee Opinions Matter
SAN FRANCISCO, CALIFORNIA MOC Insurance Services Best Agency to Work for – West A Team Environment Where Thoughts And Creativity Count Sometimes being a great place to work isn’t about offering the best salaries, the most time off or the …
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11, 2015
Jury Awards Former LA Times Columnist $7.1M in Discrimination Suit
A jury has awarded $7.13 million to former Los Angeles Times sports columnist T.J. Simers, who claimed he was forced out of his $234,000-a-year job by age and health discrimination. The Superior Court jury made the lawsuit award on Wednesday …
5
11, 2015
OneBeacon Names Garganigo as Senior VP, Professional Liability
Marc Garganigo has joined OneBeacon Insurance Group as senior vice president of Professional Liability. Garganigo will oversee the company’s Design Professional business unit and will identify expansion opportunities into other professional liability customer groups. Garganigo has 23 years of industry …
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11, 2015
U.K.’s Allianz Insurance Appoints Watts as Head of Casualty Claims
Allianz Insurance, the U.K. subsidiary of Allianz SE, has appointed Lee Watts as head of casualty claims. Watts will be responsible for leading the development and implementation of technical claims strategy and best practice across all casualty and disease claims, …
4
11, 2015
UK Chief Regulator Appeals to Insurers as She Fights to Keep Top Job
UK Financial Conduct Authority acting chief Tracey McDermott appealed to insurers to get behind the regulator, setting out her plans for the industry as she fights to keep the top job. “While our roles are different, and while a degree …