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Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch
Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group’s underwriting businesses, Fitch Ratings said. RenaissanceRe Holdings is buying Tokio Millennium Re AG (TMR) and Tokio …

POSTED NOVEMBER 16, 2018 12:35 PM
Indian Tech Billionaire’s Exit Pulls Corporate India Deeper into #MeToo Firestorm
The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced Tuesday that Flipkart co-founder Binny Bansal was …

POSTED NOVEMBER 16, 2018 11:21 AM
Travelers Partners with Contractor, Tech Firm on Wearable Devices for Construction Safety
The Travelers Companies has partnered with contractor company Gilbane, and Triax Technologies, a provider of Internet of Things (IoT) construction technology, to explore the potential safety benefits of wearable devices. According to the companies, Travelers will review data collected from …

POSTED NOVEMBER 16, 2018 11:00 AM
Hard Brexit Could Cost UK 6% of GDP, IMF Warns
Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four years of economic growth — compared with staying in the bloc, the International Monetary Fund said on Wednesday. The IMF, …

POSTED NOVEMBER 16, 2018 8:48 AM
Hamilton Re Taps Hiscox’s Roache as Head of Risk XS
Hamilton Re Ltd., the Bermuda platform for Hamilton Insurance Group, announced that David Roache has joined the company in the position of senior vice president, head of Risk XS. Roache, who will report to reinsurance chief underwriting officer, Tim Duffin, …

POSTED NOVEMBER 16, 2018 8:22 AM
Hardline Brexiteers Bet UK Can Defy Trade-Gravity Theory with No-Deal Brexit
The U.K.’s hardline Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face a test of gravity. Many of those plotting to oust Prime Minister Theresa May also favor reverting to basic World …

POSTED NOVEMBER 16, 2018 7:52 AM
Insurance Industry Kept Promises to Hurricane Victims; Now Tested by Wildfires
Between the devastating wildfires in California and the destructive forces of Hurricanes Florence and Michael on the East Coast earlier this fall, the property/casualty insurance market has been put to the test this season. The challenge has been greater for …

POSTED NOVEMBER 16, 2018 6:00 AM
Jobless Ranks May Be Inflated by Millions of Gig Workers
The hardest people to pin down in America’s labor market may be the gig workers: How many hours do they put in, where, and just how many are out there? The Labor Department, in a report Wednesday, said there are …

POSTED NOVEMBER 16, 2018 6:00 AM
Kentucky Woman Gets 5 Years, Ordered to Pay $1.6M for Crop Insurance Fraud
A Kentucky woman was sentenced to five years in prison and ordered to pay $1.6 million in restitution for crop insurance fraud. The U.S. attorney’s office in Lexington said 63-year-old Debra Muse of the Wallingford community in Fleming County was …

POSTED NOVEMBER 16, 2018 5:55 AM
West Virginia Gov Makes 3 Appointments to Miners’ Health Safety Office
West Virginia Gov. Jim Justice has made three appointments to the state’s Office of Miners’ Health Safety and Training. The Charleston Gazette-Mail reports that Justice said in a news release that he appointed Eugene White to replace the retiring Greg …

POSTED NOVEMBER 16, 2018 5:50 AM

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