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Assembly approves bill ending investment cap on insurance companies

PROVIDENCE – The General Assembly approved legislation that lifts a restriction on insurance corporations headquartered in Rhode Island from investing any more than 10%...

Most-read stories on PBN.com, May 2025

1. Santander Bank to close 18 branches, including Atwells Ave. ­location in Providence POSTED ONLINE: MAY 9 Santander Bank N.A. announced plans to close...

Should state lawmakers give Amica Mutual Insurance Co. and commercial property...

House Speaker K. Joseph Shekarchi on May 1 said two major employers are seeking regulatory relief on investments, as the General Assembly heads into...

Giordano: Partnership for R.I. to focus on making state business-friendly

PROVIDENCE – When Tom Giordano arrived in Rhode Island in 2017 to lead Partnership for Rhode Island, then a newly formed nonprofit CEO roundtable,...

Giordano leaving Partnership for R.I. as executive director

PROVIDENCE – Partnership for Rhode Island’s founding executive director is heading off to the private sector. Tom Giordano, who established and led the nonprofit CEO...
Johnell Holly / PBN PHOTO/TRACY JENKINS

Five Questions With: Johnell Holly

Johnell Holly | Senior vice president of global client service, sales and marketing, FM 1. Your company can trace its origins back to 1835...
MARY SADLIER has been named (add)ventures' new president. / COURTESY (ADD)VENTURES

(add)ventures taps Sadlier as new president

EAST PROVIDENCE – Mary Sadlier, who has been with (add)ventures for the past quarter century, will now help lead the company’s next expansion phase...

Insurer FM signs on as principal partner of team in new...

JOHNSTON – Rhode Island-based commercial property insurer FM says it is the principal partner of Boston Common Golf, one of six teams in TGL...

Insurer FM Global unveils ‘refresh’ of brand name; call it FM

JOHNSTON – Commercial property insurer Factory Mutual Insurance Co., the largest privately held company based in Rhode Island, has changed the brand name it...
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