Coastal communities in Massachusetts should encourage property owners to elevate their buildings to avoid future flooding and storm surge damage, according to officials advising on storm mitigation efforts. In addition to protecting the structures, raising houses above floodwaters can save …
Students at two community colleges in Connecticut can now earn a college degree in insurance and financial services. Gov. M. Jodi Rell says the state Department of Higher Education has approved an associate of science degree in the field. The …
The nation’s annual forecast about how many hurricanes the Atlantic Ocean will churn up is now more like the daily weather report. Forecasters added probabilities to their 2008 report. It’s the same sort of caveat that television meteorologists use in …
The ACE Group of Companies announced that the ACE Foundation – International has made a $1 million contribution to the Red Cross Society of China to support emergency relief efforts following the earthquake that struck China’s Sichuan Province. ACE joins …
The Bermuda-based Catlin Group Limited announced that David Ibeson, currently chief executive of the Catlin Syndicate at Lloyd’s, has also been appointed chief executive of Catlin Insurance Company (UK) Ltd. He will succeed Andreas Loucaides, who has resigned from Catlin. …
It didn’t take long for a number of angry shareholders of Insurance Australia Group (IAG) to exert enough pressure to force the summary resignation of CEO Michael Hawker. IAG’s board rejected the A$8.2 billion (US$7.878 billion) offer last week (See …
Swiss Reinsurance America Corporation and Swiss Reinsurance Company Ltd. have been officially recognized as admitted reinsurers by Susep, the Brazilian insurance regulator, with the ability to sell reinsurance in the newly de-regulated Brazil marketplace. Swiss Re opened an office in …
The City of London – a roughly one square mile area along the north bank of the Thames – is the heart of the UK’s financial and insurance industries. So when Aon warned that the area is at risk from …
Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor insurer. RBS Insurance was put on the block …
Kuwait’s landmark offer for London’s Willis Building this week has given the prime City office market a lift, but is not the beginning of the end for Britain’s property downturn. By agreeing to buy the building for £400 million pounds …
