Aon Corp. has appointed Andrew Appel, previously CEO of Aon Consulting, to take over from Ted T. Devine, who was recently appointed president of Aon Risk Services (See previous article), as the CEO of Aon Re Global. He will also …
Bermuda-based Quanta Capital Holdings Ltd. has announced that it has entered into an agreement for the sale of all of its interests at Lloyd’s to Chaucer Holdings PLC. The Company expects to close this transaction soon. Quanta’ s interests at …
Standard & Poor’s Ratings Services has published an article which states that Bermuda-domiciled insurance companies will face increasing competition from other regions of the world. The article – “Competing Insurance Domiciles Are Closing The Gap With Bermuda -” notes that, …
Bermuda-based Allied World Assurance Company Holdings, Ltd. reported net income of $123 million, or $2.01 per diluted share, for the fourth quarter 2007 compared to net income of $128.4 million, or $2.04 per diluted share, for the fourth quarter 2006. …
The UK’s Chartered Insurance Institute (CII) is increasing the resources behind its initiative to raise professional standards and increase levels of qualifications in the general insurance sector. “This initiative involves the launch of a new package of services for employees …
Lockton has created a China Desk in London managed by Jiong Zhang, to reinforce the global broker’s existing relationships with insurance and reinsurance clients in the Far East. Lockton’s Executive Chairman Julian James had pledged the creation of a new …
A major fire broke out late Saturday at London’s famous Camden market, ripping through one of the city’s top tourist draws and a nearby celebrity hangout, fire officials and witnesses said. Flames from the blaze sent bright red cinders and …
The Alabama Senate is ready to raise the minimum amount of auto liability insurance that Alabamians must buy. The Senate voted 33-0 on Jan. 7 for a bill that would increase the limits for the first time since 1983. “This …
Attorneys for Mississippi attorney Richard “Dickie” Scruggs asked a federal judge to dismiss criminal contempt charges that he ignored a court order to turn over documents about insurance claims after Hurricane Katrina. Scruggs is accused of violating a federal judge’s …
A Champion Enterprises factory that was the biggest employer in the city of Henry, Tenn., has been wiped out in a fire. No workers were present when the fire began early Jan. 8 at the manufactured home plant. The only …
