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Aon Taps Jones from Guy Carpenter as Exec. Chairman, Asia Reinsurance Solutions
Aon plc has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia. Jones will be responsible for business development and supporting clients across the Asia region. Based in Singapore, Jones will join Aon in May 2019 …

POSTED NOVEMBER 21, 2018 8:41 AM
UK Companies Prepare for Disorderly Brexit and Supply Chain Disruptions
British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit. With barely four months until the world’s …

POSTED NOVEMBER 21, 2018 8:30 AM
JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter
Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos. (MMC), announced a new leadership appointment from Jardine Lloyd Thompson Group plc (JLT). Effective upon closing of the transaction between …

POSTED NOVEMBER 21, 2018 8:14 AM
Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife
When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs …

POSTED NOVEMBER 21, 2018 7:46 AM
A.M. Best Upgrades Credit Ratings of Kansas’ Upland Mutual Insurance
A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-” of Upland Mutual Insurance Inc. in Junction City, Kansas. The outlooks of these …

POSTED NOVEMBER 21, 2018 6:40 AM
Judge Picks First Case for Trial in Federal Monsanto Weedkiller Litigation
A U.S. judge overseeing the federal litigation against Bayer AG’s Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February 2019. U.S. District Judge Vince Chaabria in San …

POSTED NOVEMBER 21, 2018 6:00 AM
Beach Town Developers Now Believe in Stronger Building Codes, Construction
Developer Jeff Lamkin knew the risks when he paid $250 million for 63 acres of an island off the Texas coast. But he saw only upside in the quaint little beach town of Port Aransas. Over the next 10 years …

POSTED NOVEMBER 21, 2018 6:00 AM
Santander Bank to Pay $11.8 Million to Settle Auto Loan, Insurance Claims
Santander Consumer USA Holdings Inc., a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, …

POSTED NOVEMBER 21, 2018 6:00 AM
Court: Travelers Insurer Off the Hook in Florida Hotel Chain Data Breach Suit
A U.S District Court in Florida’s ruling could have wide-reaching effects with respect to an insurer’s duty to defend commercial general liability policyholders in data breach cases resulting from the acts of third parties. The Sept. 28 decision came in …

POSTED NOVEMBER 21, 2018 5:23 AM
Gallagher Affinity Launches Online Cyber Suite for Small, Midsize Federal Contractors
Gallagher Affinity and Secure CyberID, a provider of cybersecurity services, have launched an online, discounted suite of cybersecurity products for small to mid-sized companies under contract with the federal government. The 360 Coverage Pros portal is designed to meet the …

POSTED NOVEMBER 21, 2018 5:06 AM

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