C.V. Starr & Co. reports it will begin offering management liability lines of insurance coverage on behalf of Allied World National Assurance Co. The target market will be commercial middle market risks including not-fo-profit organizations, private companies and public companies …
Lloyd’s and London Market insurer Ascot Underwriting Ltd. has announced several new appointments to their operating units: Ascot Renewco, Ascot Asia, and Cargo teams. Alex Lumby, Chief Underwriter and Principal Officer of Ascot Asia, is returning to London to lead …
The Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2007 fourth quarter was $234.4 million, or $3.31 per share, compared to $239.3 million, or $3.12 per share, for the 2006 fourth quarter. Net …
Bermuda- based Validus Holdings Limited reported net income for the quarter ended December 31, 2007 of $139.0 million, or $1.77 per diluted common share, compared with $69.1 million, or $1.16 per diluted common share, for the quarter ended December 31, …
France’s AXA Group has concluded an agreement to purchase 100 percent of the share capital of the ING Group’s Mexican insurance subsidiary ING Seguros, for $1.5 billion (app. €1 billion). ING Seguros is the third largest Mexican insurer with approximately …
Republican Mike Chaney said he spent around $1 million to win the Mississippi insurance commissioner’s race in 2007. “It’s obscene to spend that much money on an election for a job that pays less than $100,000 a year,” Chaney said, …
As victims, emergency officials and insurance adjusters picked through the remnants of Tennessee homes destroyed by last week’s fatal storms, a better estimate of the extent of damage across the state has been reached. In Macon County, search and rescue …
A former Tennessee Farmers Mutual Insurance Co., employee accused of stealing $2.4 million pleaded guilty in federal court in Greeneville, Tenn. Court records show Mickey R. Kendrick pleaded guilty to one count of embezzlement by an agent or employee of …
Lafayette County, Miss., officials expect losses from this past week’s tornadoes to run into the tens of millions of dollars. Lloyd Oliphant, president of the Lafayette County Board of Supervisors, said the most recent figures he had seen estimated $25 …
A federal prosecutor urged a jury in Hartford on Monday to follow the money and convict five former insurance company executives of a scheme to manipulate the financial statements of the world’s largest insurer. “The defendants knew the true deal …
