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07, 2016
Nerves on Edge After So. China Sea Ruling; Insurance Costs Still Stable
Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fueling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found …
12
07, 2016
Allied World Europe Names Jacobs to Lead Casualty Operation in London
Allied World Assurance Company Holdings AG announced that Allied World Europe has appointed Darren Jacobs as senior vice president, General Casualty. Jacobs will lead Allied World Europe’s primary and excess casualty operation in London. Jacobs has worked in the insurance …
12
07, 2016
New York Gives Aetna-Humana Merger Green Light with Conditions
New York’s insurance regulator has conditionally approved Aetna Inc.’s $37 billion takeover of Humana Inc., one of the last state sign-offs needed for the deal, people familiar with the matter said. The transaction is still under review by U.S. officials. …
12
07, 2016
U.S. Warned to Expect More Superbug Cases in Coming Months
After two confirmed U.S. cases of a superbug that thwarts a last-resort antibiotic, infectious disease experts say they expect more cases in coming months because the bacterial gene behind it is likely far more widespread than previously believed. Army scientists …
12
07, 2016
Washington-based Spirit Aerosystems Hit with Worker Discrimination Suit
Employees laid off by Spirit AeroSystems Holdings Inc. in 2013 filed a lawsuit on Monday accusing the aircraft parts supplier of singling them out by age and disability. Twenty-four plaintiffs were named and another 150 may join the case, attorney …
12
07, 2016
Baldwin Krystyn Sherman Partners Appoints Olson As Advisor in Tampa Office
Baldwin Krystyn Sherman Partners (BKS-Partners), an independent insurance brokerage firms, has appointed of Steve Olson to advisor. Olson comes to BKS with over 25 years of industry experience in the Tampa Bay market. Most recently, he served as area senior …
12
07, 2016
California Agent Allegedly Took $100K from Employer And Clients
Suren Hovhannisyan, 27, a licensed insurance agent of North Hollywood, Calif., was arrested at his residence this week on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after allegedly scheming to embezzle over $100,000 from …
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07, 2016
Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report
Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA), the investment banking business of Willis Towers Watson. After starting …
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07, 2016
Nurre NamedPresident, Employee Benefits in USI’s Cincinnati Office
Insurance brokerage, USI Insurance Services (USI), has appointed David A. Nurre president, employee benefits for the Cincinnati, Ohio, office. As president, Nurre is responsible for the growth and overall performance of the business unit. Nurre has more than 17 years of …
12
07, 2016
Ratings of Missouri-Based National Fire and Indemnity Exchange Downgraded
A.M. Best has downgraded the financial strength rating (FSR) to B++ (Good) from A- (Excellent) and the issuer credit ratings (ICR) to “bbb+” from “a-” of National Fire and Indemnity Exchange (NFIE) in St. Louis, Mo. The outlook for the FSR has been …