Monthly Archives: <span>May 2015</span>

Google Driverless Test Cars to Have Steering Wheels, Brakes

Google Inc. will begin testing self-driving cars of its own design on public roads this summer, but they will have steering wheels and brakes, which is not what the company described a year ago. Engineers will operate 25 prototype vehicles, …

Greenberg at 90: Still Fighting and Angry After All These Years

Maurice “Hank” Greenberg spent some of his 90th birthday party like he’s spent much of the past decade: angry. As he addressed his family at a lunch at a private estate this month, one of his sons made another laugh. …

Opening Statements Start in Criminal Trial of Ex-Dewey Executives

Nearly three years after the demise of law firm Dewey & LeBoeuf, a Manhattan prosecutor opened the criminal trial of three of the firm’s former executives on Tuesday by accusing the trio of directing employees to make millions of dollars …

Xuber Reinsurance Survey Focuses on Regulation and M&A

Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industry Xuber, Xchanging’s insurance software business, recently released its second wave of results from its global reinsurance survey on …

Are You One of THOSE Agents?

Most of my insurance career has been on the agency side, but I have also worked on the insurance carrier side. What I learned is that clearly neither side knows what the other side deals with on a daily basis. …

Some European Insurers, Pension Funds Build Loan Books to Rival Banks

Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel Belgravia, several miles from the “Square …

Julian to Head Tokio Millennium Re AG, UK Branch

Tokio Millennium Re AG (TMR), the Zurich-based global reinsurer and subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd., announced that Mark Julian will assume the role of head of Tokio Millennium Re AG, UK Branch (TMRUK), subject to …

Wildfires in Northern Alberta Continue to Disrupt Oil Sands Production

Wildfires in northern Alberta kept about 10 percent of Canada’s oil sands production offline for a third day [on Tuesday] as Bank of America Corp. warned the blazes may slow the economy. A fire at Cold Lake Weapons Range that …

Aon’s Political Risk Map Highlights Western Countries Increased Terror Threats

“Risk levels are rising in Western economies due to the increased terror threat presented by Islamic extremists” according to the Aon Terrorism and Political Violence Map, released by Aon Risk Solutions, the global risk management business of Aon plc, in …

Jardine Lloyd Thompson Appoints Rozes as Group Finance Director

Jardine Lloyd Thompson Group plc, a global provider of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, announced it is appointing Charlie Rozes as group finance director, to succeed Mike Reynolds. JLT announced in August 2014 that Reynolds …