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06, 2016
Marine Specialist Latitude Brokers Launches Singapore Office
Latitude Brokers, the Hong Kong-based marine insurance specialist, has opened an office in Singapore, their second in Asia. With the continued growth of the marine markets in Singapore as well as the Lloyd’s platform, the Singapore office is an essential …
29
06, 2016
Citing Health Risks, Oakland City Council Ban Coal Shipments
The Oakland City Council in California voted unanimously to kill a plan to use a proposed marine terminal to transport Utah coal to Asia, calling such shipments public health and safety hazards. Backers argued the project would bring needed jobs …
24
06, 2016
California’s Last Nuke Plant Would Be Closed by 2025 Under Deal
California’s last nuclear power plant will close by 2025 under an accord announced this week, ending three decades of safety debates that helped fuel the national anti-nuclear power movement. The state’s largest utility, Pacific Gas & Electric Co., and environmental …
28
06, 2016
Narragansett Bay Insurance Names Hutchinson Assistant VP, Territory Manager
Narragansett Bay Insurance Co. has named Peter Hutchinson an assistant vice president and Rhode Island and Massachusetts territory manager. Hutchinson will be responsible for partnerships with NBIC’s agents and industry associations, profitable growth, and service delivery in Rhode Island and …
29
06, 2016
Cooper Gay Names Prinn as Head of Global Placement
Cooper Gay, the global reinsurance, wholesale and specialty broker, has appointed Jonathan Prinn as head of global placement. He takes up his new role on Sept. 12 and will report to Steve Hearn, group CEO. Prinn brings over two decades …
29
06, 2016
Detroit Crews Fight String of 17 Suspected Arson Fires
Authorities say the Detroit fire department responded to a string of 17 suspected arson fires that burned over a roughly 12-hour period. Chief of Arson Patrick McNulty tells the Detroit Free Press the first fire was reported about 8 p.m. …
28
06, 2016
China’s Fosun to List U.S. Insurer Ironshore ‘As Soon as Possible’: Reuters
Fosun Group, China’s biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc “as soon as possible” this year, Guo Guangchang, the company’s billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on …
28
06, 2016
RHSB Adds Galati as Assistant VP
Nick Galati has joined Texas-based independent insurance broker, RHSB, as assistant vice president. He is a sales executive focusing on commercial property/casualty insurance products and services for middle-market companies. Galati comes to RHSB with more than six years’ experience in …
29
06, 2016
European Insurers Look to Hoarding Cash After Brexit Vote
Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer. “Storing physical cash as an alternative to paying …
29
06, 2016
Freight Trains Collide in Texas, Triggering Fireball
Several box cars derailed and were engulfed in flames following a freight train collision in the Texas Panhandle on Tuesday. Texas Department of Public Safety Lt. Bryan Witt says the accident occurred in the morning near the town of Panhandle, …