The Association of British Insurers has issued a draft industry guide for its members – “a Guide to the ICA Process for Insurers” – for their consultation. The Guide complements the FSA’s proposals on Individual Capital Adequacy (ICA), contained in …
Aon Re Global has named Elliot Richardson to head its global cedant facultative reinsurance activities. The bulletin noted that Richardson, 34, “has resigned from his role as head of facultative reinsurance at Benfield and he will be joining Aon as …
Two title insurance agents who allegedly tried to hide more than $1.2 million in financial transactions in order to fund personal purchases of homes, property and a boat were arrested last week in Lehigh Acres, Fla., according to officials. Florida …
A Billings, Mont., insurance agent has pleaded guilty to issuing $160,000 in construction bonds on behalf of two insurance companies and keeping the premiums. Michael D. Hutton, 59, also acknowledged that he forged customers’ names on premium financing agreements to …
All Risks, Ltd., a national insurance wholesale broker and managing general agent headquartered in Hunt Valley, Maryland, has opened a District of Columbia branch office. The D.C. office joins forces with the current All Risks operations in Hunt Valley, Md. …
An Espanola, N.M., insurance agent has been charged with embezzling more than $52,000 from his clients. A grand jury indictment of 60 criminal counts was filed Friday against Dennis O’Brien in district court in Santa Fe, N.M. O’Brien was named …
Mitchell International has appointed Greg Horn as vice president of Industry Relations. Prior to joining Mitchell, Horn served as vice president of material damage claims at St. Louis-based GMAC, and before that he served as director of material damage processes …
Thomas D. England is now senior vice president with Key Risk Management Services in Greensboro, North Carolina, a workers compensation subsidiary of W.R. Berkley Corp.. He will be responsible for client services provided by the firm’s Alternative Risk Services division. …
A former handyman from North Providence, Rhode Island, who won more than $400,000 in a lawsuit over a malfunctioning penile implant may not get the money after a judge dismissed his claim. Superior Court Judge Edward C. Clifton last week …
Agriculture groups told a U.S. Senate panel in Texas this month that they want the next farm bill to include disaster relief for farmers and ranchers reeling from billions of dollars lost to the drought. They shared their views with …
