SALT LAKE CITY, Oct. 13, 2020 /PRNewswire/ — PrimeOne Insurance Company today named Los Angeles-based Eric Jarvis as its Chief Operating Officer.  He will report directly to David Thorson, Chairman and President of PrimeOne.

“Eric has demonstrated operational and executive management skills that will be sure to benefit PrimeOne,” said Thorson.  “We are looking forward to utilizing his experience and talents to ensure the continued success of PrimeOne.”

Jarvis stated, “I am pleased to be working with Dave and the PrimeOne team.  I’ve devoted my career to creating results-driven outcomes, and am eager to be a part of the realization of PrimeOne’s strategies of customer service, financial strength, and sustainable growth.”

Mr. Jarvis brings 21 years of experience in the insurance industry, most recently the head of the consulting firm Elevate Management, Inc.  He previously led KnightBrook Insurance Company and the Knight Insurance Group.  Mr. Jarvis is a graduate of the University of California, San Diego, and the Pepperdine University School of Law.  He is a licensed attorney.

About PrimeOne Insurance Company

PrimeOne Insurance Company is an admitted insurance company making affordable and flexible commercial insurance coverage possible.  PrimeOne is currently admitted in 5 states and is backed by the world’s finest reinsurance partners. For more information about Prime Insurance Company, please visit https://www.primeoneinsurance.com/.

Media Contact:
Zabrina Thorson
Director of Marketing
PrimeOne Insurance Company
(212) 695-3439
[email protected] 
www.primeoneinsurance.com

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Berkshire Hathaway Specialty Insurance (BHSI) today announced that Louise Kidd has joined its growing European team as Head of Third Party Lines in Ireland.

“As our Irish team continues to expand, we are delighted to have Louise leading our efforts to bring proven underwriting acumen and service to the third-party risks of customers throughout Ireland,” said Hilary Browne, Country Manager, Ireland, and Head of Casualty, UK & Europe. “Her deep expertise in both Executive & Professional and Casualty Lines will fuel our ongoing growth and lasting partnerships with customers and brokers in the region.”

Louise comes to BHSI with nearly two decades of industry experience with a focus on third-party lines. She was most recently Financial Institutions and Commercial Professional Indemnity Underwriting Manager for AIG in Europe. Prior to that she held various positions including Head of Financial Lines Ireland. She holds an honours degree in Financial Services from John Moore Liverpool University and a Diploma in Company Direction from the Institute of Directors.

Louise is based in BHSI’s Dublin office and can be reached at [email protected]

In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL). BHEI, is an Irish domiciled Designated Activity Company, Registration Number 636883 and Registered Office at One Grant’s Row, Dublin D02 HX96. BHEI is an affiliate of Berkshire Hathaway Specialty Insurance Company (BHSIC), a Nebraska USA domiciled corporation, which provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance, and is a subsidiary of Berkshire Hathaway International Insurance Limited (BHIIL), an incorporated England and Wales limited liability company, Registration Number 3230337 and Registered Office at 8 Fenchurch Place, 4th Floor, London EC3M 4AJ, United Kingdom.

(RTTNews) – Petrofac Limited (POFCF.PK, PFC.L) announced Monday the appointment of Sami Iskander as Deputy Chief Executive on November 1. Following a short transition period, he will assume the role of Group Chief Executive from January 1, 2021, at which time he will also be appointed as an Executive Director to Petrofac’s Board of Directors.

Iskander succeeds Ayman Asfari, co-founder, who has decided to retire as Group Chief Executive at the end of the year to focus on his family, health and charitable interests.

On January 1, Asfari will be appointed as a Non-executive Director to Petrofac’s Board of Directors, to provide stability and continuity.

Asfari has been in the industry for nearly 40 years, and with the company for 30 years.

Iskander is a senior executive with over 30 years’ international experience in both oilfield services and E&P companies. He was appointed Executive Vice President for Shell’s Upstream Joint Ventures business in February 2016 until 2019.

From 2008 and prior to joining Shell in 2016, he worked in BG Group where he held the position of Chief Operating Officer from November 2013.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Adds comments from new finance minister

QUITO, Oct 7 (Reuters)Ecuador on Wednesday named economist Mauricio Pozo as the Andean country’s finance minister to replace Richard Martinez, who resigned after carrying out a successful bond restructuring plan and negotiating a loan with the International Monetary Fund.

Pozo, who previously served as finance minister from 2003 to 2004 under President Lucio Gutierrez, said he will focus on economic reactivation and strengthening Ecuador’s dollarization.

“I want to promote dialogue on the reforms that the country needs,” Pozo said during an event with Martinez and Ecuador’s President Lenin Moreno. “The country is in an adjustment process and it is only fair that it also have a recovery process.”

Martinez, who is leaving to work for the Inter-American Development Bank, recently completed a $6.5 billion financing agreement with the IMF. He also led the renegotiation of some $17.4 billion in sovereign bonds and won an agreement to defer the payment of principal on loans from Chinese banks.

The oil-exporting nation faces liquidity problems due to the fall in crude prices and the effects of the coronavirus pandemic.

The new minister will have to design tax reform that will include tax increases and will have to be presented to the legislature by the next government, according to the program agreed upon with the IMF. He will also present a proposal to restore autonomy to the country’s central bank and a law to combat corruption.

Ecuadoreans in February are set to vote for a new president and a new congress.

Ecuador’s Moreno says IMF board approves $6.5 billion loan

(Reporting by Alexandra Valencia; Writing by Brian Ellsworth; Editing by Will Dunham)

(([email protected]; 58 212 655 2660; Reuters Messaging: [email protected], @ReutersVzla))

The views and opinions expressed herein are the views and opinions of the author

Banking lobby group UK Finance has named former Barclays executive David Postings its new chief executive, replacing its former leader after he was forced to step down over derogatory remarks he had previously made about a female financier.

Mr Postings, who was already a non-executive director of the trade body, will take the top role in January. After holding senior positions at Barclays in the 1990s, he joined Lloyds as managing director of its commercial bank. Most recently, he was chief executive of Bibby Financial Services, the UK’s largest independent factory company, until he stepped down last month.

His predecessor Stephen Jones resigned from UK Finance in June after inappropriate remarks he made about financier Amanda Staveley resurfaced in a legal case she brought against his former employer, Barclays. Mr Jones has apologised for his comments, which were made in 2008.

The change of leadership comes at an important time for the lobby group, which has led the financial industry’s response to the coronavirus pandemic and become its main negotiating body with the government and Treasury over the £58bn that has been lent via emergency support schemes.

UK Finance is also lobbying and advising the government on behalf of banks, asset managers and insurers in the final stages of the Brexit negotiations with the EU.

Mr Postings said in a statement: “The sector’s response to the Covid-19 pandemic has shown the vital role that finance must play in supporting consumers and businesses through this difficult economic situation.”

Bob Wigley, chairman of the lobby group who has taken on executive responsibilities in the interim, said: “David . . . will bring wide and deep experience of our sector and, crucially at this time, a real understanding of the vital role our members play in supporting SMEs and consumers.”

UK Finance was