Monthly Archives: <span>September 2018</span>

Some Gulf Energy Production Halted by Storm Gordon

Three more oil producers pulled employees out of Tropical Storm Gordon’s path, and companies cut 9 percent of U.S. Gulf of Mexico oil and gas production on Tuesday as the storm churned toward an expected nighttime landfall. The storm, which …

Guy Carpenter Taps Sinniah from Willis Re as Head of Strategy & Client Engagement

Guy Carpenter & Co., a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced the appointment of Shaun Sinniah as head of Strategy and Client Engagement for the firm’s International and Global Specialties …

RSA Insurance Opens Luxembourg Office as Part of Brexit Preparations

RSA Insurance Group has opened its new office in Luxembourg as part of its preparations for the UK’s exit from the European Union. The office, which opened on Sept. 3, will provide a platform for RSA in Europe post-Brexit, minimizing …

SCOR Denies Press Rumors of Talks with PartnerRe

French reinsurer SCOR formally denied press claims that the group has been in merger discussions with PartnerRe or any other company. The SCOR statement, which was issued on Sept. 4, comes on the heels of a revelation on the same …

Marsh’s Fine Joins JLT Specialty’s Aerospace Team

Broker JLT Specialty USA has named Bruce S. Fine as Global Aerospace Manufacturers and Infrastructure Industry leader. Based in Atlanta, Fine will be a member of the Global Specialty – Aerospace leadership team as well as the U.S. Specialty leadership …

Typhoon Jebi Hits Osaka in Japan, Leaving a Trail of Damage, Airport Closed

Regions around Osaka, Japan’s second biggest population center, struggled to recover from damage left by Typhoon Jebi, which left 10 people dead, hundreds of thousands of buildings without power and the area’s main airport closed. Kansai International Airport, a key …

Sompo International Launches Luxembourg-Based Subsidiary SI Insurance (Europe)

Sompo International Holdings Ltd., a Bermuda-based provider of specialty property and casualty re/insurance, announced the launch of its new subsidiary, SI Insurance (Europe). SI Insurance (Europe) is headquartered in Luxembourg with branches in Belgium, France, Germany, Italy, Spain and the …

Contractors and Roofing Insurance Program Webinars to be Held for Agents in September

Atlanta, GA, September 5, 2018— Blue River Underwriters will hold two separate informational program webinars this month. The first webinar on the Contractors Elite program this Thursday, September 6 from 11:30 a.m. to Noon EST will provide agents the opportunity …

Merrill Lynch Reverses Broker Fiduciary Rule Policy

Bank of America Corp.’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with Obama-era regulation. In response to requests from customers, the company expects to add a …

JPMorgan Settles Black Advisers’ Job Bias Lawsuit for $24 Million

As racial diversity tumbles on Wall Street, JPMorgan Chase & Co. has reached a settlement with financial advisers who say they were treated poorly because they’re black. Six current and former employees at the largest U.S. bank filed what they …