Monthly Archives: <span>October 2016</span>

Typhoon Haima Batters Philippines; Weakened Storm Heads to China

More than 90,000 people were evacuated after Typhoon Haima left vast areas of the Philippines flooded and without electricity as the strongest storm to hit the nation this year heads toward China. Haima, a Category 5 super typhoon before it …

Brokerslink Completes Private Stock Offering to Support Global Growth Strategy

Brokerslink, the Zug, Switzerland-based insurance broker, has announced the completion of a private stock offering, creating a broad shareholder base and investment to support the continued growth of its global insurance broking and risk business. Brokerslink said it now has …

UK Specialist Insurer JRW Group Appoints Williams as Executive Chairman

Paul Williams, former Thistle Insurance Services managing director, is set to join The JRW Group* as executive chairman, subject to regulatory approval. His appointment to this newly formed role comes at a time when the niche insurance company is set …

Third Point Re Shuns M&As Because Many Such ‘Marriages’ End in Divorce

Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. “Just like marriage, in M&A the 20 percent that work …

Conboy Named CFO/Treasurer at Cameron Mutual Insurance

Cameron, Mo.-based Cameron Mutual Insurance Co. has appointed Pat Conboy, as chief financial officer/treasurer. Conboy joins Cameron from MAG Mutual in Atlanta, Ga., where he served as vice president of Financial Planning and Analysis. Prior to his 16-year career with …

Brentwood Services Administrators in Tennessee Adds Vedros as Application Developer

Brentwood Services Administrators Inc. (BSA) headquartered in Brentwood, Tenn., has hired Zachary Vedros to the position of application developer in the IT Department, according to Jeff Pettus, president and chief executive officer of BSA. In his new position under Steven …

Miami Beach Traps New Pool of Zika-Positive Mosquitoes

Officials say a new pool of mosquitoes taken from Miami Beach has tested positive for Zika. A Miami-Dade County Mosquito Control news release says officials learned about the new pool Monday. The insects had been collected from a trap Oct. …

Alabama’s Oldest Mill Appears to be Total Loss After Fire

One of the oldest mills in the state has burned to the ground. Butler’s Mill, which was operational as recently as 2015, caught fire Monday. The building appears to be a total loss. AL.com reports Butler’s Mill was originally built …

Florida Hurricane Fund Still Strong Despite Storms

Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary …

South Dakota Senator Requests Federal Aid for Ranchers Impacted by Fire

U.S. Sen. John Thune is requesting federal disaster aid for ranchers affected by a large prairie fire in western South Dakota that has destroyed buildings and killed livestock. Thune wrote to U.S. Agriculture Secretary Tom Vilsack, asking for immediate aid …