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AGCS Offers Crisis Management Response Services with Its Pollution Liability Cover
Allianz Global Corporate & Specialty (AGCS) announced it is offering expanded emergency response services as part of its Environmental Impairment Liability (EIL) coverage when pollution and/or contamination events occur. AGCS has formed strategic partnerships with GM Consultant (global) and HETI …

POSTED MAY 22, 2019 11:07 AM
Generali in Early Negotiations to Buy MetLife’s Central European Assets: Sources
Assicurazioni Generali SpA is in early talks to buy the Central European assets of MetLife Inc. as the Italian insurer seeks to expand through acquisitions in high-growth markets, according to people with knowledge of the matter. The business may be …

POSTED MAY 22, 2019 8:23 AM
Chemical Multinationals Must Stop Cutting Corners in Sourcing: Report on China Blast
A prominent Chinese environmental group has called on chemicals multinationals to stop “cutting corners” by outsourcing business to Chinese suppliers that violate safety regulations after an investigation into a deadly explosion at a factory in March. In a new study, …

POSTED MAY 22, 2019 7:43 AM
Fairfax Announces Death of CFO Bonham; Varnell Named Interim CFO
Fairfax Financial Holdings Ltd. announced that, David Bonham, vice president and chief financial officer of Fairfax, died suddenly this past weekend. “The entire Fairfax family mourns the sudden and unexpected loss of our dear friend and partner, Dave Bonham,” said …

POSTED MAY 22, 2019 6:41 AM
Oil Tankers in the Persian Gulf Face Highest Risk Since 2005
Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s Lloyd’s Market Association said Friday that it would expand its so-called “listed areas” — those regions …

POSTED MAY 22, 2019 6:32 AM
Armour Group Appoints Parry from Lloyd’s as Group Chief Financial Officer
Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in June and report directly to the group executive committee. A seasoned senior financial services executive with extensive insurance …

POSTED MAY 22, 2019 6:06 AM
Wood-Panel Producer Norbord Halts Mill Production Following Alberta Wildfires
Norbord Inc said on Tuesday it suspended production at its oriented strand board (OSB) mill in High Level, Alberta, to comply with evacuation orders following nearby wildfires. More than 4,000 people from High Level and the Bushe River First nations …

POSTED MAY 22, 2019 5:50 AM
Instec Promotes Fagan to President of Operations
Naperville, Illinois-based Instec, a provider of insurance software for commercial program and specialty writers, has promoted Mike Fagan to president of Operations. Most recently, Fagan was vice president of Engagement and Product Management. In his new role, Fagan will lead …

POSTED MAY 22, 2019 5:35 AM
Valentine Named Sr. VP, Chief Insurance Officer for Farmers Alliance Companies
Aaron Valentine has been named senior vice president, chief insurance officer for the Farmers Alliance Companies in McPherson, Kansas. This is a new position at the companies, added to ensure the proper organizational structure to support the companies’ future. Valentine …

POSTED MAY 22, 2019 5:25 AM
Company Cited, Fined $106K After Employees Injured in Nebraska Trench Collapse
Federal safety officials cited an excavation company after two employees suffered serious injuries when a trench collapsed at a construction site in Lincoln, Nebraska. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) also proposed penalties of $106,078 …

POSTED MAY 22, 2019 5:22 AM

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