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

The Hilb Group Acquires Massachusetts’ Marsh-Kemp Insurance Agency

The Hilb Group LLC (THG) has acquired Massachusetts-based Marsh-Kemp Insurance Agency Inc. (MK). The transaction became effective March 1, 2019. Established in 1912, MK provides clients with a variety of personal and business insurance options. Agency Leader Thomas McLear will …

Slaugenhoup Promoted to Assistant Vice President at RT Specialty

David M. Slaugenhoup has been promoted to assistant vice president within RT Specialty’s National Environmental and Construction Professional Liability practice. Since joining the New Day team in 2013, he has worked to help its retail broker clients representing the construction, …

Roundup Weed Killer, Not Hepatitis, Caused Plaintiff’s Cancer, Argues Lawyer

A lawyer representing a man who claims Bayer AG’s Roundup weed killer caused his cancer urged jurors to imagine the scales of justice ever so slightly tilted in his favor, as if weighted by a feather, and said that would …

Do they need coverage? Why do you ask?

A question came in today asking if a customer needed a specific insurance policy. In the cold, distant, academic realm where I spend my time, it would be easy to simply say, yes. They need insurance. In fairness, my answer …

EU Decision to Put Bermuda on List of Global Tax Havens ‘a Setback’: Premier Burt

Bermuda’s Premier David Burt on Tuesday called the European Union’s decision to put the British overseas territory on a list of global tax havens “a setback” but said he was confident it would soon be reversed. “The news from Brussels …

Norwegian Air to Seek Compensation from Boeing for Costs of MAX Groundings

Norwegian Air said on Wednesday it will seek compensation from plane maker Boeing for costs and lost revenue after grounding its fleet of 737 MAX 8 aircraft in the wake of the Ethiopian Airlines crash. “We expect Boeing to take …

RenaissanceRe Gets Regulatory Nod to Proceed with Tokio Millennium Re Purchase

RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its planned acquisition of Tokio Marine Holdings’ reinsurance platform. The deal was first announced on Oct. 30, 2018, when RenRe said it had agreed to pay …

U.S. FAA Reaffirms Safety of Boeing 737 Max as Groundings Continue Across Globe

U.S. aviation regulators reiterated that they see no safety issue with the beleaguered Boeing Co. 737 Max jetliner that warrants grounding the plane despite a pair of deadly crashes and the move by more than 40 other nations to temporarily …

Update: Groundings of Boeing 737 MAX 8 Cascade Globally

Aviation regulators around the globe are grounding Boeing‘s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. Regulators in the United States, where Boeing is based, remained an exception. Boeing reiterated that the investigation into the crash remains in …

PartnerRe Restructures P/C Business, Makes Changes to Executive Leadership Team

PartnerRe announced the company will reorganize its Property & Casualty (P&C) business segment into a regional structure while making several changes to its executive leadership team. Effective April 1, 2019, PartnerRe’s P&C business will be reorganized into three distinct regional …