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

Massachusetts’ Fred C. Church Insurance Hires Lonsdale

Fred C. Church Insurance has hired Ian Lonsdale as an Employee Benefits client executive. The main focus of the Employee Benefits division at Fred C. Church is to serve and support its commercial clients. Utilizing five areas of expertise – …

Bayer Shareholders React Positively About Plan to Resolve Glyphosate Lawsuits

Bayer shares jumped on Thursday after it revealed plans aimed at resolving multi-billion dollar lawsuits linked to glyphosate, a move welcomed by activist shareholder Elliott, which has taken a sizable stake in the chemicals company. Shares in the German group, …

Specialist Re/Insurer Apollo Taps Steeds from XL Catlin as Political Risk U/W

Lloyd’s managing agency Apollo Syndicate Management has appointed William Steeds as senior political risk underwriter for Syndicate 1969, effective immediately. He reports to Chris King, head of crisis management at Apollo. Steeds joins Apollo with more than 20 years’ experience …

S. Africa Insurer Discovery Opens Bank, Challenging Traditional Lenders

It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to the public Monday it will challenge South African lenders with histories going back to 1838, and they’re ready for battle. …

JBA Risk Management and FloodFlash Launch Parametric Flood Policy in UK

JBA Risk Management and FloodFlash have formed a partnership to provide event-based flood insurance, which uses parametric triggers for property exposures. The product is an industry first and will provide bespoke insurance for policyholders in frequently flooded areas who have …

Blast of Hot Air from Sahara Triggers Record Heatwave Across Europe

Europeans fought to stay cool as a blast of hot air from the Sahara desert sent temperatures to records in large parts of the continent and whipped up concern about climate change. Germany imposed speed restrictions on usually limit-free stretches …

China Creates Insurance Group to Take Over Troubled Insurer Anbang

China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that’s under state control. Beijing-based Dajia Insurance Group, which was established on June 25, has 20.4 billion yuan …

Fire Destroys Furniture Building, Warehouse in Mississippi

Investigators are trying to determine what started a fire that destroyed a building in north Mississippi that houses a furniture business and storage for a refrigerator maker. No injuries were reported in the fire Wednesday in New Albany. The Northeast …

West Virginia Medical Marijuana Program Could Take Years to Roll Out

West Virginia patients and caregivers waiting for the state’s medical cannabis program to officially start in July shouldn’t expect their program cards or physicians certificates anytime soon. The Dominion Post reports that the state has had little time to prepare …

Cyber Risks Are Jeopardizing M&A Deals

Cybersecurity issues are increasingly becoming a concern in mergers and acquisitions, a new survey shows, and lapses can jeopardize deals or haunt purchasers long after the deal is done. Of more than 2,700 information technology and business decision makers surveyed …