A group of U.S. senators on Wednesday questioned the Federal Aviation Administration oversight of Boeing Co.’s 737 MAX as the agency defended the longstanding practice of deferring much of the process of certifying new aircraft to manufacturers. At a Senate …
Britain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections, but added that such coins fall outside the scope of its powers. The Financial Conduct Authority said crypto markets were …
Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global tracking systems. Copying from Iran’s own playbook, at …
Selective Insurance Company of America, a subsidiary of Selective Insurance Group Inc., has announced the following officer appointments. Shelly Gallagher has been named vice president of Personal Lines Operations. Gallagher joined Selective in 2002 as an associate financial analyst. Valerie …
The Hilb Group LLC (THG) has acquired Massachusetts-based Handy-Apple Valley LLC (HAV). The transaction became effective July 1, 2019. Located in Worcester, Mass., HAV provides personal and commercial insurance. As a part of the transaction, HAV will join THG’s New …
Arthur Hall Insurance, a West Chester, Penn.-headquartered insurance agency, has announced that Chuck Panetski retired in June 2019 after a 50-year career in the insurance industry. For the past 21 years, Panetski has served as a senior account manager based …
A western Pennsylvania fire chief is faulting a utility company’s response to a shopping center fire near Pittsburgh that destroyed several businesses and injured a number of firefighters. Chief Bill Jeffcoats of the Penn Hills fire department said Peoples Natural …
Specialist independent Lloyd’s broker SSL Endeavour Ltd. announced it is planning to launch a wholly owned subsidiary, SSL Endeavour Insurance Brokers Ltd. Cyprus & Greece, pending regulatory approval. Headquartered in Cyprus with a branch office in Athens, SSL Endeavour Cyprus …
Specialist Bermuda-based insurer Hiscox announced two new appointments within Hiscox Re & ILS. Andrew Dolphin has been appointed director of Underwriting – London, replacing Megan McConnell who is relocating to Manhattan to take on the role of chief underwriting officer …
Italy’s top insurer, Generali , reported first-half operating profit above market estimates on Thursday, helped by growth across its business segments, and confirmed all of its three-year targets announced in November. “After the first-half results we are very confident that …
