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

Pilot Reported Engine Failure as Helicopter Crashed in New York City

A Texas firefighter, an Argentine woman and a video journalist were among five passengers killed when a helicopter plunged into New York City’s East River, with the pilot reporting the engine had failed. Investigators began working Monday to determine what …

U.S. Says Russia Behind Years of ‘Multi-Stage’ Cyber Attacks on Energy Grid

The Trump administration on Thursday blamed the Russian government for a campaign of cyber attacks stretching back at least two years that targeted the U.S. power grid, marking the first time the United States has publicly accused Moscow of hacking …

Door From London’s Deadly Grenfell Tower Fails Fire Safety Test

Police say a door from a London high-rise that went up in flames, killing 71 people, has failed an expert fire safety test. The Metropolitan Police force said Thursday that an undamaged door from Grenfell Tower withstood flames for only …

Lloyd’s Broker Endeavour Taps Bloodstock Specialist Stonehatch as Appointed Rep

Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services announced that niche broker Stonehatch Risk Solutions has become an appointed representative of the company. Based in London, Stonehatch was founded in 2014 and specializes in bloodstock and equine insurance, as …

Luxembourg Aims to Attract More Insurers Seeking Post-Brexit Headquarters

Luxembourg is seeking to persuade at least two additional global insurers to make their post-Brexit home there after attracting American International Group Inc. and Sompo International Holdings Ltd., the head of its financial lobbying group said. “Contingency planning has started, …

Equifax Sued by Australia’s Competition Regulator for Allegedly Misleading Consumers

Australia’s competition regulator said on Friday it was suing credit reporting company Equifax Pty Ltd, owned by U.S.-based Equifax Inc, alleging it misled consumers and used unfair tactics with people in financial hardship. The alleged consumer law breaches by Equifax’s …

Aviation Gets Off to Deadly Start in 2018 with 3 Crashes in 4½ Weeks

Three deadly air crashes that have killed 170 passengers in the past 4 1/2 weeks may indicate that 2017, the safest-ever year for aviation, represented a statistical blip. A total of five fare-paying customers lost their lives in just two …

China’s 2nd Largest E-Commerce Firm, JD.com, Seeks to Expand in Insurance, Banking

JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. The …

Markel International Ceases Writing London Open Market Property Business

Markel International, the London-based specialist insurance subsidiary of Markel Corp., will cease to write London open market property business with immediate effect. The development has no impact or implications for Markel Corp.’s U.S. and Bermuda property businesses which, for reasons …

Calpin-Dewey Joins Alliant Insurance Services in Houston

Specialty insurance brokerage firm, Alliant Insurance Services, has added Rose Calpin-Dewey in its Energy and Marine Group as first vice president. Calpin-Dewey will provide insurance and risk advisory services to energy and marine clients across the United States. She will …