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Former Federal Insurance Chief McRaith Joins Blacsktone’s Insurer Investment Team
Michael McRaith, former director of the U.S. Department of the Treasury’s Federal Insurance Office (FIO), has been named managing director for Blackstone Insurance Solutions (BIS), a newly formed business offering Blackstone’s investment management services to insurers. McRaith’s appointment follows Blackstone’s …

POSTED MARCH 20, 2018 1:21 PM
Grandisson Named CEO of Arch Capital, Succeeding Iordanou Who Has Retired
Marc Grandisson is the new CEO of Arch Capital Group. Ltd., following the previously announced retirement of longtime leader Constantine “Dinos” Iordanou. Arch disclosed in a regulatory filing that Grandisson, 50, most recently president and chief operating officer, has been …

POSTED MARCH 20, 2018 1:20 PM
New York’s Senators Call for Probe of FAA Approval of Doors-Off Flights
New York’s senators are calling for a probe into how “doors-off” helicopter sightseeing flights and the tight harness systems were ever approved by the Federal Aviation Administration in the first place. U.S. Sens. Charles Schumer and Kirsten Gillibrand made the …

POSTED MARCH 20, 2018 1:15 PM
Lloyd’s Appoints Black as Northeast Region Market Development Lead
Lloyd’s, a global specialist insurance and reinsurance market, has appointed Dawnmarie Black as the market development lead for Lloyd’s Northeast region. She will be based in the Boston, Mass., area in her new role and will be responsible for market …

POSTED MARCH 20, 2018 1:09 PM
Massachusetts’ The Arbella Insurance Group Promotes Ramirez
The Arbella Insurance Group, a regional property and casualty insurance company headquartered in Quincy, Mass., has appointed Lynellen Ramirez to chief actuary and senior vice president of research analytics. In this position, Ramirez is responsible for actuarial, research analytics, data …

POSTED MARCH 20, 2018 1:06 PM
Gallagher Bassett Appoints Simon Pemberton as UK Chief Executive Officer
Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, announced that Simon Pemberton will step into the role of CEO, Gallagher Bassett UK, on April 1, 2018. Nick Bonser, the current Gallagher Bassett (GB) UK managing director, announced …

POSTED MARCH 20, 2018 12:58 PM
JLT Specialty USA Names Marsh’s Forbes as Senior Vice President for U.S. Property
Global specialty broker JLT Specialty USA said it has appointed Josh Forbes as senior vice president with its U.S. property team. Forbes will serve real estate clients by leveraging his experience in the field. Based in New York, Forbes brings …

POSTED MARCH 20, 2018 12:30 PM
New European Privacy Rules (GDPR) Pose Major Challenge for Facebook
Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal …

POSTED MARCH 20, 2018 12:17 PM
Uber Drivers in Turkey Fear for Lives After Alleged Attacks by Traditional Cab Drivers
An Uber driver keeps a metal rod close at hand during his daily drives through Istanbul. Alarmed by violent attacks in recent weeks allegedly carried out by angry yellow cab drivers who want Turkey to ban the ride-hailing company, Levent …

POSTED MARCH 20, 2018 9:26 AM
AXA Investment Managers Bullish About Europe as Asian Investors’ Interest Grows
Andrea Rossi doesn’t buy into the story that Europe is a dead end for growth. In fact, he sees luring Asian investors to his continent as one of the key ways AXA Investment Managers will expand in years to come. …

POSTED MARCH 20, 2018 9:09 AM

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