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

From Insurers to Traders to Retailers, More Industries Depend on Weather Tracking

Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. Eilts, senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an unexpected cold front in Louisiana, nudged southward …

Virginia Woman Accused of Embezzling $93K from Company for Wedding

A Virginia woman is accused of embezzling more than $93,000, which she allegedly funneled toward her wedding, among other expenses. News outlets report 32-year-old Vanessa Cline worked as a bookkeeper for No Limits Construction, replacing another who was convicted of …

AssuredPartners Acquires Connecticut’s Goodworks Financial Group

AssuredPartners Inc. has acquired Goodworks Financial Group of Glastonbury, Conn. Following the acquisition, Goodworks Financial Group’s team of 14 employees across multiple cities and offices in the Eastern region will remain under the operational leadership of Dennis Dressel and Paul …

Maine’s The MEMIC Group Appoints Roberts, Michaud as Directors

Workers’ compensation specialist The MEMIC Group has appointed Amanda Roberts as director of financial reporting, in which she will oversee its financial forecasting, budgeting and general ledger reconciliation. Roberts has more than 20 years of experience in finance, accounting and …

Rhode Island’s Starkweather & Shepley Elects Meacham to Board of Directors

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has elected Patrick Meacham to the board of directors. Meacham, senior vice president of Transportation Risks Solutions, has more than 20 years of experience with S&S providing risk management and loss control for …

Philippine Payments Operator Mynt, Backed by Ant Financial, Plans to Offer Insurance

Mynt, the Philippine payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image. The operator of the GCash app is now …

China Factory Explosion Kills 7 People in Second Deadly Blast During March

A plant explosion in China’s Jiangsu province killed seven people on Sunday, authorities said, the second deadly blast in the province this month as Beijing begins a nationwide industrial safety inspection campaign. The blast involved a container of scrap metal …

Ethiopian Airlines Crash Could Break Record for Non-War Reinsurance Claim: Willis Re

Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said. The crash of Ethiopian Airlines …

Brazil’s Caixa Economica Mulls Strategic Partners for Insurance, Asset, Card Units

Brazil’s Caixa Economica Federal is mulling strategic partnerships for its credit card, asset management and insurance units before taking them public, Chief Financial Officer Andre Laloni said on Friday [March 29]. This strategy is part of Caixa’s plan to raise …

SCOR Merges European P/C and Life Entities into SCOR SE

SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019. This reorganization, which was announced by SCOR in September 2016 as part of its three-year strategic plan “Vision in Action,” enables SCOR to …