Bad Companies Feel Shake-Out in Energy Sector the Most June 3, 2015 By Stephanie K. Jones While the per barrel oil price has rebounded somewhat after it plunged to under $45 per barrel in March 2015,...
Congress Asks Why Takata Air Bag Defect Went Unresolved So Long June 3, 2015 By Jeff Plungis Lawmakers on Tuesday sought answers from Takata Corp. on just how much is being done to to find the root...
Dircks Named Senior Vice President for Lockton Global Energy in Bermuda June 3, 2015 Insurance broker Lockton has named Josh Dircks as a senior vice president in Lockton Bermuda to expand the capabilities of...
Ironshore Names Owen as Senior Vice President of Global Property Energy June 3, 2015 Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who...
‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec June 3, 2015 The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry,...
RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe June 3, 2015 RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales...
Australia’s April-May Storm Loss Claims Reach US$1.208 Billion June 3, 2015 The Insurance Council of Australia (ICA) announced that insurance losses from claims following from storms in April and May at...
Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster June 3, 2015 PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and...
Brazil Weighs Sale of Some of Its Stake in IRB in $1.3B Reinsurer IPO: Sources June 3, 2015 By Cristiane Lucchesi and Francisco Marcelino Brazil’s government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin...
North Carolina Legislators Look at Regulating Virtual Currencies June 3, 2015 By Emery P. Dalesio Legislators in America’s second-largest banking center are considering regulations for Bitcoin and other virtual currencies. North Carolina’s banking commissioner is...