Financial Services
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Amica donates $37K to Boston Children’s Hospital
Lincoln-based Amica Mutual Insurance Co. donated $37,000 to Boston Children’s Hospital at Comcast sports Net’s Ace Ticket Studios on April 5. The donation brings Amica’s total gift to $177,00 during the past five years. more
Changes come slowly to EDC
Reforming the state agency at the heart of the 38 Studios LLC loan guarantee has been as deliberate, modest and incremental as the video game company’s collapse was sudden and spectacular. more

By Patrick Anderson
PBN Staff Writer | 4/15/13

Starkweather & Shepley acquires Braintree-based firm
Starkweather & Shepley Insurance Brokerage Inc., Rhode Island’s largest independent insurance agency, has acquired Braintree, Mass.-based Crosbie-Macdonald MD Insurance Services, Starkweather & Shepley announced Friday. more
| 4/12/13
RBS said to fire derivatives trader weeks after Libor fine
Royal Bank of Scotland Group PLC dismissed a London-based interest-rates trader, weeks after settling with regulators over its part in the Libor scandal, two people with knowledge of the situation said. more
Slimming down, shaping up, with customers in mind
Michael Hudson’s motto is his mantra: The customer pays for everything. more
By Paul E. Kandarian
Contributing Writer | 4/8/13
It’s the full picture that engages these standouts
For the nine honorees in this year’s Providence Business News Chief Financial Officer Awards program, the math is the easy part. But what sets this group of financial executives apart is their impact beyond the numbers. more
4/8/13
Global perspective yields healthy returns
The last few years have not been kind to the insurance industry. The turmoil in the financial markets of the Great Recession challenged all investors, both individual and institutional, especially those that rely on yearly returns to help fund operations, such as property and casualty insurer FM Global. more
By Alli-Michelle Conti
Contributing Writer | 4/8/13
Pursuit of knowledge fueled his career growth
James P. Loring has amassed an impressive list of accomplishments over his career, culminating, at least for the moment, with being the chief financial officer for Amica Mutual Insurance Co. Perhaps equally as impressive – as well as a mind-boggling display of time management – is the fact the 47-year-old has garnered some of these accolades all at the same time. more

By Jenn Salcido
PBN Staff Writer | 4/8/13

A team approach leads to success at People’s CU
When Brian Hennessey was a boy growing up in Fairfield County, Conn., he never wavered much on the path that he wanted to take. He wanted to get into the financial sector, following in the footsteps of his father, an accountant. Hennessey, now 53, can easily recall his father’s advice: “If you’re going to get anywhere in this business, you need to get your letters,” he said, alluding to a CPA license. “I finally started taking him seriously as I moved into adulthood, and I realized he was right about those letters. It makes all the difference in the world.” more

By Jenn Salcido
PBN Staff Writer | 4/8/13

U.S. isn’t broke, dollar won’t fail, Capital Economics says
The U.S. isn’t broke, and the dollar isn’t in danger of collapse even after unprecedented stimulus measures enacted following the worst financial crisis since the Great Depression, according to Capital Economics Ltd. more
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