Bermuda-based AXIS Capital Holdings Limited announced that Richard T. Gieryn, Jr., currently General Counsel of AXIS U.S. Holdings, Inc., has been promoted to General Counsel. In his current position he serves as chief legal counsel for AXIS Capital’s global underwriting …
According to figures released by the British Virgin Islands (BVI) Financial Services Commission the territory posted 10 percent overall growth in its captive insurance business in 2005. “Since the captive legislation was introduced in the BVI, a total of 543 …
A new report from Standard & Poor’s Ratings Services Ratings -“Industry Report Card: European Insurance-” has found that financial ratings in the European insurance sector are predominantly stable. “Despite continuing debates about defining appropriate measures of earnings and capital, balance …
A note on the Lloyd’s Website (www.lloyds.com) describes a new initiative from global broker Marsh, which offers a “new range of products covering celebrities and those working behind the scenes in TV, film, music and events.” Risks in the entertainment …
Dublin-based Research and Markets announced the addition of UK Commercial Liability Insurance 2006 to their offering. The research firm said the new report presents “an overview of three key UK liability markets: Employers liability, professional indemnity and directors & officers.” …
The U.K.-based Beazley Group announced that MarshMac veteran Dan Jones has been appointed as an independent non-executive Director to the Beazley Group Board, to take effect July 1. He will retire from Marsh in June. Jones “has more than 20 …
Facing a difficult election year and a “buzz saw” of opposition from a range of powerful groups, a state senator on Monday pulled his plan to charge drivers a $10-per-vehicle fee to shore up the state’s trauma care system. Hospitals …
Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a new program providing coverage for vacant or unoccupied commercial land and buildings and residential properties. Coverage is on a package or monoline basis. Package coverage includes general liability, inland …
Based on 2006 population and property exposures in the San Francisco Bay area, Risk Management Solutions, Newark, Calif., estimates there would be at least $260 billion in damages to residential and commercial exposures if the 1906 San Francisco Earthquake and …
In a major victory for Maine insurers, legislation drafted by the National Association of Mutual Insurance Companies (NAMIC) aimed at correcting a Maine Supreme Judicial Court decision hindering insurers’ ability to limit their exposure to certain uninsured motorist claims has …
