Lloyd’s Chairman, Lord Peter Levene, described a bright future, but one that needs work to be achieved, for those attending the 2006 conference of the Association of Lloyd’s Members (ALM) last week. He stressed three major areas of concentration, where …
International P/C insurer and reinsurer Catlin Group Limited, has formed a crisis management underwriting team that will write product recall and kidnap and ransom (K&R) coverages, effective 1 July 2006. Catlin’s origins are in the U.K., but it is headquartered …
Economies of scale still have a powerful influence on markets. U.K.-based RI3K, which has pioneered and implemented one of the London market’s most successful electronic trading platforms, underlined that fact with its announcement that, “due to a dramatically changed landscape,” …
Italy’s largest insurer, Assicurazioni Generali SpA, has signed an agreement for the acquisition of a controlling shareholding in Toro Assicurazioni SpA from Italian publishing group De Agostini the current owner. Initially Generali is paying €21.50 ($27.00) per share to acquire …
Oregon will provide as much as $3.2 million to help the state’s fishermen hurt by federal restrictions on commercial salmon fishing, legislators decided. The Legislative Emergency Board voted to set aside $2.2 million from lottery proceeds for projects such as …
Gaslamp Insurance Services is expanding the company’s Western presence with a relocation to larger offices on July 17, 2006, in San Diego, Calif. The new address will be 1111 Sixth Avenue, 3rd Floor, San Diego, CA 92101. The national toll-free …
It will cost more than $1.3 million to repair Western Kentucky University’s Cherry Hall, which was damaged by an arson fire April 23. Western’s President Gary Ransdell said the university has about half the money it needs from its insurer …
Carriers and insurers look at Florida as a heavy-handed, intrusive, oppressive regulatory regime and it would require a major shift in how government and legislators approach this market to encourage companies to come into the state, Ernie Csiszar, president and …
More than 9,500 insurance clients of Aon Corp. in Washington are qualified to share $2.4 million in restitution as part of an agreement signed by Insurance Commissioner Mike Kreidler. Kreidler said the restitution is part of an agreement with the …
William B. Oldham, III was elected president of the Professional Insurance Agents of Tennessee Inc. during the association’s annual convention in Orange Beach, Ala. Oldham is president of Oldham Insurance Inc. in Knoxville, Tenn. Other officers elected by PIA of …
