Monthly Archives: <span>June 2017</span>

Henningsen Named President of Lockton’s P/C Insurance Operation in Houston

Kansas City-based insurance broker, Lockton, has namedJeff Henningsenas president of its Houston Property & Casualty Insurance Operation. Henningsen will take on an expanded leadership role in business development for the team that provides risk management advice and insurance brokerage services. …

Higginbotham Adds 2 Insurance Brokers in McAllen, Texas Office

Higginbotham has hired insurance brokers John Garcia and Jordan Lewis in its McAllen, Texas, office. Garcia was added as an associate of employee benefits and Lewis as an associate of business insurance. They join the office’s four existing brokers and …

Arkansas City, County Included in Duggar Family Privacy Suits

Reality TV personality Josh Duggar faced “unwarranted public scrutiny” after a magazine disclosed that sisters told police they had been molested by him years earlier, lawyers for Duggar said in a complaint in which he seeks to join his sisters’ …

Corporate Venture Arm of CNP Assurance Leads Investment in Blockchain Startup

U.S. exchange group Nasdaq Inc has joined a 7 million-euro ($7.9 million) investment round in Stratumn, which helps companies develop applications using blockchain technology, the Paris-based startup said on Thursday [June 8]. The investment was led by Open CNP, the …

One More Oklahoma County Gets Post-Storm Disaster Aid

Federal disaster assistance is now available for some businesses and homeowners in Oklahoma’s Beckham County who had property losses as a result of severe weather last month. Gov. Mary Fallin said that the U.S. Small Business Administration is providing low-interest …

AmTrust Sells Shares in National General Holdings for $212 Million

AmTrust Financial Services Inc. said it has agreed to sell shares it owns in National General Holdings Corp. for approximately $211.7 million. AmTrust has agreed to sell 10,586,000 common shares of NGHC at a price of $20.00 per share (representing …

Ed Broking LatAm Appoints Hernandez as Chairman; de Freitas Named CEO

Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointments of Mike Hernandez to the role of chairman and Agustin de Freitas as CEO of Ed Broking LatAm. They take up their roles with immediate effect. Hernandez, who previously …

U.S. Storms in May to Cost Insurers $3B; Economic Costs Total $4B: Aon Report

Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model …

House Passes Dodd-Frank Replacement on Party Line Vote

Republicans in the U.S. House of Representatives voted on Thursday to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came …

FDA Seeks to Halt Sales of Opioid Painkiller Opana ER for Public Health Reasons

As the United States battles a growing opioid abuse crisis, the Food and Drug Administration on Thursday asked Endo International Plc to withdraw from the market its long-lasting opioid painkiller, Opana ER, sending Endo’s shares down more than 12 percent. …