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

FAA Invites Global Regulators to Meet Over Boeing 737 Status

Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by …

Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey

A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new report published by …

Risk of No-Deal Brexit Is Now ‘Palpable,’ Says EU’s Juncker

European Commission President Jean-Claude Juncker said on Wednesday that the risk of a no-deal Brexit on Oct. 31 is now “palpable,” sparking a drop in the pound. Juncker, speaking to the European Parliament in Strasbourg, France, after a meeting with …

5 Podcasts on My Playlist

Since school is back in, I wanted to take some time and space and dedicate it to one of my favorite (free) ways to keep learning; the podcast. If you don’t know what a podcast is, it’s a lot like …

Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture

Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the 330-year old …

Lloyd’s Names Sansom Chief Risk Officer, Announces Departure of Chief People Officer

Lloyd’s announced that David Sansom has been confirmed as chief risk officer, subject to regulatory approval. Sansom’s remit includes all areas of risk management within the Corporation of Lloyd’s as well as oversight for market-level risks. He also manages Lloyd’s …

Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses

Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds ($2.8 billion) in the first six months …

Breckenridge Insurance Services Continues to Expand With the Hiring of Aaron Patterson as Vice President, Broker

Atlanta, GA, September 18, 2019 — Breckenridge Insurance Services is pleased to announce the hiring of Aaron Patterson, vice president, broker. Patterson brings a well-rounded commercial insurance sales and underwriting background spanning a decade to serve the varied insurance needs …

BNP Broker Wins Sex Discrimination Lawsuit, Highlighting Unequal Pay, Laddish Culture

A broker at BNP Paribas SA who complained about being paid less than male colleagues won her employment suit after a London judge ruled that she suffered sexual discrimination. Stacey Macken, a prime brokerage product manager who still works at …

As Legacy Acquisitions Boom, What Will Happen to Deal Pricing?

Activity in the legacy insurance market has boomed. However, as capital pours in, perhaps it is best to understand how pricing will develop in the space and whether increased capital will drive price deterioration. For a start, it is widely …