LONDON (Reuters) - London's marine insurance market will meet on Thursday to assess the situation in the Middle East after attacks on ships off the United Arab Emirates earlier this week, a senior official said on Wednesday. On Monday, armed drones attacked two of Saudi Aramco's oil pumping stations and forced the state producer to briefly shut its East-West pipeline. The incident came two days after an attack on four oil tankers - two of them owned by Saudi Arabia - off Fujairah in the UAE. "The Joint War Committee will meet tomorrow to assess the situation in the Gulf," said Neil Roberts, head of marine underwriting at Lloyd's Market Association (LMA), which represents the interests of all underwriting businesses in London's Lloyd's market. "There is no decision yet on whether to change the listed areas of enhanced risk. There are a number of options, which include no change," he told Reuters. The Joint War Committee, which comprises syndicate members from the LMA and … [Read more...] about London marine insurers to meet after ship attacks in Middle East
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A Horsham native and pilot with the U.S. Marine Corps was one of two soldiers killed last weekend in a helicopter crash at a military base in Arizona, officials said Monday. Maj. Matthew M. Wiegand, 34, died Saturday in the crash at the Yuma Air Station during a training mission, the Marines said in a statement. Capt. Travis W. Brannon, 30, of Nashville, also was killed in the crash. The two pilots were in an AH-1Z Viper when the helicopter went down around 8:45 a.m. They were conducting a training mission as part of a weapons and tactical instructor course. "It is a somber day for the entire Marine Air Ground Task Force Training Command as we mourn this tremendous loss," Brig. Gen. Roger B. Turner Jr. said in a statement. Wiegand, a 2003 graduate of Hatboro-Horsham High School, joined the Marines in 2008 and was assigned to the Marine Aviation Weapons and Tactics Squadron One in Yuma. He previously served at the Naval Air Station in Pensacola, Florida, and the Marine Corps Base … [Read more...] about U.S. Marine from Horsham killed in Arizona helicopter crash
By Andrew Osborn MOSCOW (Reuters) - The United States on Friday asked why Russia had not provided any evidence to back up its accusation that Paul Whelan, a detained former U.S. marine, was a spy, a day after Whelan alleged he was being mistreated by a "kangaroo court." Whelan, who holds U.S., British, Canadian and Irish passports, was detained in a Moscow hotel room on Dec. 28 and accused of espionage, a charge he denies. If found guilty, he could be imprisoned for up to 20 years. The case has further strained already poor U.S.-Russia relations as has that of another detained American, private equity chief Michael Calvey, who is being investigated on embezzlement charges. Russia's Federal Security Service (FSB) detained Whelan after an acquaintance handed him a flash drive containing classified information. Whelan's lawyer says his client thinks he was set up by the acquaintance and the FSB. Whelan thought the flash drive contained holiday photos, the lawyer has said. The U.S. … [Read more...] about Washington asks Russia: Where’s your proof ex-U.S. marine is a spy?
(Reuters) - U.S. life insurers are expected to report messy fourth-quarter results starting next week, with their massive investment portfolios getting hit by tumultuous markets. FILE PHOTO - A computer screen showing stock graphs is reflected on glasses in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau The market mayhem has already prompted analysts to knock down earnings estimates for major life insurers including Ameriprise Financial Inc, Lincoln National Corp and Prudential Financial Inc, since late October. Analysts have lowered Prudential’s mean earnings-per-share estimate from $2.98 to $2.81, Lincoln National Corp from $2.24 to $2.12, and Ameriprise from $3.85 to $3.66, according to I/B/E/S Refinitiv. “Even though these are annuity or retirement businesses, they are businesses that are driven by the assets they manage,” said Sandler O’Neill analyst John Barnidge. Life insurers make money by … [Read more...] about Market rout overshadows business growth for U.S. life insurers
MOSCOW (Reuters) - A lawyer acting for a former U.S. marine detained in Russia on espionage charges has filed an appeal with a Moscow court seeking to have his client released on bail, Russian news agencies cited the court as saying on Thursday. Paul Whelan, a former U.S. marine who also holds a British passport, was detained by Russia's Federal Security Service on Dec. 28. His family have said he is innocent and that he was in Moscow to attend a wedding. The court has received the appeal, but has not yet set a date for a hearing to determine its fate, agencies reported. (Reporting by Vladimir Soldatkin; writing by Tom Balmforth; Editing by Andrew Osborn) … [Read more...] about Former U.S. marine held in Russia on spy charges seeks bail