Directors’ and officers’ liability insurance costs for financial institutions significantly increased in the fourth quarter of 2007, according to a D&O pricing index released by Aon Corp. Authored by Aon Financial Services Group, the index tracks changes in D&O premium …
ACE announced the appointment of two new Senior Underwriters in its Glasgow branch. Julie Dolla joins as Senior Property Underwriter from Zurich where she was a Property Underwriter within the corporate team. Gordon Knox joins as Senior Casualty Underwriter. The …
Speaking to over 400 insurance industry executives at A.M. Best’s 15th Annual Review and Preview Conference in Naples, Fla., Tom Ealy, most recently COO of the Willis North America unit of Willis Group Holdings, presented the Company’s review of the …
When the AXA Supervisory Board met on February 27, 2008 to review AXA’s 2007 financial statements, prepared by the Management Board (see related article), its members received official confirmation that Board Chairman Claude Bébéar has decided not to seek the …
France’s AXA Group reported strong results for 2007. The earnings release cited the growth in underlying earnings up 27 percent to €4.963 billion [$7.5 billion] (up 15 percent on a comparable basis). Adjusted earnings up 22 percent to €6.138 billion …
The British Geological Survey (BGS – http://www.earthquakes.bgs.ac.uk/) recorded an earthquake with a magnitude of 5.2 (ML) on the Richter scale near Market Rasen, Lincolnshire at 00:56 GMT, yesterday, Feb. 27. While mild by global standards, earthquakes are relatively rare in …
Mississippi officials said Tuesday that homeowners with elevated structures who lived inside the federally designated flood zone when Hurricane Katrina struck in 2005 may still qualify for housing assistance. Jon Mabry, with the Mississippi Development Authority’s Disaster Recovery Division, said …
The state House approved legislation Tuesday that would bring Alabama in line with about half the South by raising the minimum amount of auto liability insurance that motorists must buy. The House voted 82-0 for legislation by Rep. Marc Keahey, …
A lawyer accused of trying to bribe a judge also paid two associates $500,000 to convince Mississippi Attorney General Jim Hood not to file criminal charges against an insurance company over its handling of Hurricane Katrina claims, according to an …
Spared the wrath of a fast-moving wildfire that shifting winds turned elsewhere, thankful residents of this small West Texas town worked Tuesday to get back in their routine. Schools were closed for the day but expected to reopen Wednesday, two …
