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Global Broking Network Brokerslink Appoints Gavriel as European Regional Manager
Global broking network Brokerslink has appointed Christos Gavriel to the role of regional manager for Europe. Gavriel has a strong background in insurance having previously held various international roles at AIG before going on to set up and manage his …

POSTED FEBRUARY 21, 2019 10:39 AM
Estonia Probes Allegations Swedbank Linked to Danske Money Laundering Scandal
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. Danske is being investigated in its home market of Denmark, Estonia, Britain, France and the United States over some …

POSTED FEBRUARY 21, 2019 10:02 AM
Swiss Re 2018 Net Profit Rises 27% Despite Spate of Natural, Man-Made Disasters
Reinsurer Swiss Re on Thursday posted a 27.2 percent jump in 2018 net profit, despite claims from large-scale natural catastrophes and man-made disasters. Net profit for the full year came in at $421 million, compared with $331 million a year …

POSTED FEBRUARY 21, 2019 9:44 AM
AXA Reports 66% Drop in 2018 Net Profit on U.S. Unit’s IPO Costs, Natural Disasters
Net profits at AXA, Europe’s second biggest insurer, fell sharply as a result of charges related to its U.S. unit’s initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year. Its 2018 …

POSTED FEBRUARY 21, 2019 9:28 AM
Palmer Joins EPIC’s Energy, Marine Practice in Houston
EPIC Insurance Brokers and Consultants has added Jose Palmer as a principal in the energy and marine practice within its property/and casualty operations. He is based in Houston and reports to Southwest Region Managing Principal and Director KJ Wagner. Palmer …

POSTED FEBRUARY 21, 2019 6:49 AM
AM Best Revises Status to Developing for California Capital Insurance Co. and Subsidiaries
AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its subsidiaries. …

POSTED FEBRUARY 20, 2019 7:38 PM
Insurer Hit With $102K Fine for Selling Illegal NRA-Branded Policies
Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After an investigation, Kreidler ordered Illinois Union in January to stop …

POSTED FEBRUARY 20, 2019 7:17 PM
Great American Insurance Promotes Mercurio, Thompson
Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group. Mercurio will continue to serve as president and CEO of National Interstate – a position …

POSTED FEBRUARY 20, 2019 5:38 PM
North Dakota House OKs Medical Marijuana Law Changes
The North Dakota House approved legislation that would expand the list of medical conditions for which residents can use medical marijuana, add health care professionals who can certify patients for the drug and increase the forms it can come in. …

POSTED FEBRUARY 20, 2019 5:25 PM
Louisiana Flood Victims Still Waiting for Federal Recovery Grants
The month-long partial federal government shutdown likely further delayed aid grants to homeowners still trying to recover from the 2016 flooding, Louisiana’s top disaster recovery official said. As many as 6,000 Louisiana residents who took out loans from the U.S. …

POSTED FEBRUARY 20, 2019 5:21 PM

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