The acting chairwoman of the Consumer Product Safety Commission lashed out this week at the toy industry for a lack of safety controls that led to a string of highly publicized recalls, and she warned that the industry is obligated …
U.S. Rep. Peter Welch, D-Vt., is asking the U.S. Treasury to block a pending tax code change seen by some as a threat to Vermont’s captive insurance industry. Welch and three Democratic colleagues from states that also have captive insurance …
They’re among the most effective lifesaving devices a homeowner can have, cutting the risk of death from a fire nearly in half. But rural communities — where people are at greatest danger of dying by fire — usually lack programs …
Bruce hayden has joined the online insurer Berkley Net Underwriters in its business development unit. As director of Specialty Markets, Hayden will lead BerkleyNet’s effort to expand its focus on specialty niche opportunities and non-traditional distribution sources. Hayden joins BerkleyNet …
Willis Group Holdings has launched a new facility to cover business interruption and recovery costs stemming from malicious and accidental loss of data. Willis described its CyPro, as a “new suite of products,” that will “help businesses avoid having to …
Bermuda-based Flagstone Reinsurance Holdings Limited posted a rise in basic book value per share to $14.17, despite a drop in fourth quarter earnings to $51.4 million, or $0.60 per diluted share, compared to $63.6 million, or $0.88 per diluted share, …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that the Irish government has approved a $2.4 million contribution to the Caribbean risk pooling fund. “The contribution is the latest addition to the donor fund supporting the CCRIF, which was launched …
In its earnings report (in U.S. dollars) released last week Toronto-based Kingsway Financial Services Inc. reported a fourth quarter loss of $103.5 million, and an $18.5 million loss for the full year. The Company said the “net loss was primarily …
In a bulletin released in advance of Marsh’s National Oil Companies Conference to be held next week, the broker warned that oil companies run the risk of being under insured as world oil prices reach record highs. Andrew George, Managing …
Chicago-based Navigant Consulting, Inc. has established Navigant Consulting (Bermuda) Ltd. to extend its services to the island’s insurance and reinsurance market. “The Company will offer its full suite of consultancy services to insurance and reinsurance companies, sidecars and captives, including …
