Monthly Archives: <span>February 2019</span>

What’s Next for Brexit? Options Include Disorderly, Delayed or No Brexit

Britain’s parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen. With just six weeks until the United Kingdom is due by law to …

Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits

Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada, Firstbrook Pointon Benefits is a full-service employee benefits consulting …

Insurer Lancashire to Use Lloyd’s EU Hub in Brussels After Brexit

Property and casualty insurer Lancashire Holdings Ltd will use insurance market Lloyd’s of London’s European Union hub in Brussels after Britain leaves the European Union, its top boss told Reuters. “We have negotiated with Lloyd’s and we will write businesses …

UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down

British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately told the EU’s chief negotiator, Michel …

Allianz Q4 Net Profit Rises 19% to $1.92 Billion

Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group’s finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz …

Dubai International Airport Suspends Flights over Suspected Drones

Flights from Dubai International Airport were suspended for half an hour starting from 10:13 a.m. local time over “suspected drone activity,” a Dubai Airports spokesperson said in an emailed statement. A hub for Emirates airlines, the airport in Dubai is …

Hubbell Promoted to Chief Risk Officer at TDECU

Michael Hubbell, who has served as vice president of Risk Management for TDECU – Your Credit Union, has been appointed chief risk officer for the Lake Jackson, Texas-based credit union. Hubbell will report to the credit union’s President and Chief …

Travelers to Provide Auto Insurance for Lexus Complete Lease Program

The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, …

Natural Gas Company to Pay $3.15M Fine for Polluting West Virginia Waterways

A Colorado-based natural gas producer has agreed to pay a $3.15 million civil penalty to resolve pollution violations at 32 drilling sites in West Virginia. The U.S. Department of Justice says in a news release the agency and the West …

Look Who Is Betting on the Agency System

According to some pundits, buyers should all be online and the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors betting on agents and …