Industry News

Provided by InsuranceJournal.com

Q&A: Mitchell International’s Hatamian Talks Workers’ Comp’s Tech Transformation
March 22, 2019
Mitchell International’s product management and strategy group leader, Shahin Hatamian, recently spoke with Insurance Journal’s Elizabeth Blosfield about how technology has been transforming the workers’ compensation industry. “There’s going to be a …

Mullen Named CEO of Artex; McManus Becomes Chairman
March 22, 2019
Artex Risk Solutions, the Bermuda-based alternative risk management solutions provider, announced that Peter Mullen has re-joined the company as chief executive officer, with David McManus assuming the new role of chairman. The move was first announc …

New Jersey’s NJM Insurance Group Names Malone as CFO
March 22, 2019
NJM Insurance Group, a property and casualty insurer in the Mid-Atlantic region, has named Chris Malone as chief financial officer. Malone joins NJM with more than twenty-five years of financial and leadership expertise. In this role, he will oversee …

New York’s SterlingRisk Insurance Hires McLaughlin as Program Sales Executive
March 22, 2019
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has hired Debbie McLaughlin as program sales executive. In this position, McLaughlin will conduct market outreach on behalf of SterlingRisk Program Products. Foun …

New York Man Arrested for Alleged Car Dealership Insurance Fraud Scheme
March 22, 2019
A Bronx County, N.Y., man has been arrested and arraigned on a felony complaint for an alleged insurance fraud scheme. Barrington Mayne, who is not an insurance broker, allegedly used his position and contacts at various car dealerships throughout Br …

Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal
March 22, 2019
FWD Group, backed by billionaire Richard Li, has revived talks about a potential acquisition of the life insurance operations of Thailand’s Siam Commercial Bank Pcl after a two-year hiatus. Siam Commercial reached a preliminary pact with FWD on a pot …

Northern Australia Braces for 2 Cyclones, Disrupting Mining, Shipping Operations
March 22, 2019
Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the …

Pasquesi to Become Arch’s Next Chairman, Succeeding Iordanou
March 22, 2019
John Pasquesi will replace Constantine “Dinos” Iordanou as Arch Capital Group Ltd.’s chairman of its board of directors in September when Iordanou completes his term. Iordanou joined Arch in 2002 to create its insurance segment and went on to serve … …

Bank of England to Issue Rules for How Banks, Insurers Should Manage Climate Risk
March 22, 2019
The Bank of England will soon spell out how it wants banks, insurers and investment companies to manage the financial risks from climate change, Governor Mark Carney said on Thursday. The central bank under Carney has been vocal in highlighting …

EU Gives UK Prime Minister Two Extra Weeks to Avoid No-Deal Brexit
March 22, 2019
European Union leaders staved off the threat of the U.K. crashing out of the bloc without a deal next Friday by giving Theresa May an extra two weeks to work out what to do. At a summit in Brussels on …

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