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

New York’s Senators Call for Probe of FAA Approval of Doors-Off Flights

New York’s senators are calling for a probe into how “doors-off” helicopter sightseeing flights and the tight harness systems were ever approved by the Federal Aviation Administration in the first place. U.S. Sens. Charles Schumer and Kirsten Gillibrand made the …

Lloyd’s Appoints Black as Northeast Region Market Development Lead

Lloyd’s, a global specialist insurance and reinsurance market, has appointed Dawnmarie Black as the market development lead for Lloyd’s Northeast region. She will be based in the Boston, Mass., area in her new role and will be responsible for market …

Massachusetts’ The Arbella Insurance Group Promotes Ramirez

The Arbella Insurance Group, a regional property and casualty insurance company headquartered in Quincy, Mass., has appointed Lynellen Ramirez to chief actuary and senior vice president of research analytics. In this position, Ramirez is responsible for actuarial, research analytics, data …

Gallagher Bassett Appoints Simon Pemberton as UK Chief Executive Officer

Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, announced that Simon Pemberton will step into the role of CEO, Gallagher Bassett UK, on April 1, 2018. Nick Bonser, the current Gallagher Bassett (GB) UK managing director, announced …

JLT Specialty USA Names Marsh’s Forbes as Senior Vice President for U.S. Property

Global specialty broker JLT Specialty USA said it has appointed Josh Forbes as senior vice president with its U.S. property team. Forbes will serve real estate clients by leveraging his experience in the field. Based in New York, Forbes brings …

New European Privacy Rules (GDPR) Pose Major Challenge for Facebook

Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal …

Uber Drivers in Turkey Fear for Lives After Alleged Attacks by Traditional Cab Drivers

An Uber driver keeps a metal rod close at hand during his daily drives through Istanbul. Alarmed by violent attacks in recent weeks allegedly carried out by angry yellow cab drivers who want Turkey to ban the ride-hailing company, Levent …

AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows

Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. …

UK Insurers, Banks Push Ahead with Relocating HQs – Despite Brexit Transition Deal

London-based banks and other financial firms won’t put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on Monday. Banks and insurers have said they …

EU Eyes Offering `Improved Equivalence’ for UK Financial Services After Brexit

The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc’s latest negotiating guidelines, a system Britain has rejected as “wholly inadequate.” The addition to the draft guidelines, obtained by Bloomberg, makes …