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Risk of No-Deal Brexit Is Now ‘Palpable,’ Says EU’s Juncker
European Commission President Jean-Claude Juncker said on Wednesday that the risk of a no-deal Brexit on Oct. 31 is now “palpable,” sparking a drop in the pound. Juncker, speaking to the European Parliament in Strasbourg, France, after a meeting with …
POSTED SEPTEMBER 18, 2019 1:09 PM |
Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture
Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the 330-year old …
POSTED SEPTEMBER 18, 2019 10:01 AM |
Lloyd’s Names Sansom Chief Risk Officer, Announces Departure of Chief People Officer
Lloyd’s announced that David Sansom has been confirmed as chief risk officer, subject to regulatory approval. Sansom’s remit includes all areas of risk management within the Corporation of Lloyd’s as well as oversight for market-level risks. He also manages Lloyd’s …
POSTED SEPTEMBER 18, 2019 9:33 AM |
Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses
Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds ($2.8 billion) in the first six months …
POSTED SEPTEMBER 18, 2019 7:06 AM |
BNP Broker Wins Sex Discrimination Lawsuit, Highlighting Unequal Pay, Laddish Culture
A broker at BNP Paribas SA who complained about being paid less than male colleagues won her employment suit after a London judge ruled that she suffered sexual discrimination. Stacey Macken, a prime brokerage product manager who still works at …
POSTED SEPTEMBER 18, 2019 7:00 AM |
As Legacy Acquisitions Boom, What Will Happen to Deal Pricing?
Activity in the legacy insurance market has boomed. However, as capital pours in, perhaps it is best to understand how pricing will develop in the space and whether increased capital will drive price deterioration. For a start, it is widely …
POSTED SEPTEMBER 18, 2019 6:50 AM |
Insurtechs Poised to Challenge Traditional Home Insurers: J.D. Power
Traditional home insurers appear to be in need of an image change, and that, in turn, could create a big opportunity for insurtech startups, according to the latest J.D. Power U.S. Home Insurance study. Approximately 74 percent of their customers …
POSTED SEPTEMBER 18, 2019 5:00 AM |
Gays’ Job Rights at Stake in Upcoming Supreme Court Cases
Gerald Bostock says he’s convinced his participation in a gay softball league was why he was fired from his job running the child-advocate program at the juvenile court in Clayton County, Georgia. The Atlanta-area county’s decision sent “a homophobic message …
POSTED SEPTEMBER 18, 2019 5:00 AM |
New Hog Slaughterhouse Rules Please Firms, Worry Food Safety Advocates
U.S. food safety and the health of plant workers will be at risk from new federal rules that allow meat companies to slaughter hogs as fast as they want and shift the role of government inspectors, food and environmental advocates …
POSTED SEPTEMBER 18, 2019 5:00 AM |
Southern Fidelity Insurance Recruiting New Agents in Mississippi
Southern Fidelity Insurance Company, a regional insurance company serving consumers throughout the Southeast, is looking to recruit local agents in Mississippi after expanding into the state in July. The company, which has been doing business since 2005, said it is …
POSTED SEPTEMBER 18, 2019 4:59 AM |
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