A federal judge has rejected requests to overturn the convictions of five former insurance company executives in a scheme to manipulate the financial statements of the world’s largest insurance company. The four former executives of General Re Corp. and a …
A judge has agreed to put a lien of more than $10 million on property including the headquarters of the Roman Catholic Diocese of Burlington, Vermont, to secure damages won by the plaintiff in a suit alleging sexual abuse by …
Under fire for a spate of construction accidents, the city will spend $5.3 million to hire 63 more safety inspectors, Mayor Michael Bloomberg announced Sunday. “The Buildings Department has a critical responsibility to protect the public from construction hazards and …
Mediators in the core agriculture and industrial goods negotiations at the World Trade Organization (WTO) issued new proposals on Monday, clearing the way for a meeting of ministers to clinch an outline trade deal. The revised proposals, or texts, trigger …
China’s government says companies suffered 67 billion yuan (US$9.5 billion; €7 billion) in direct losses from last week’s earthquake. The announcement by a deputy industry minister, Xi Guohua, came during a news conference Monday. The May 12 quake in central …
Risk Management Solutions has launched a new service to systematically assess and enhance the quality of exposure data within the insurance industry. “The ExposureRefine™ service, believed to provide the most comprehensive assessment of portfolio exposure data quality today, will help …
RI3K, the London-based trading platform for reinsurance and commercial risks that is changing the face of the Lloyd’s market, has seen its breakthrough efforts rewarded. Following last year’s unprecedented six ACORD Awards, RI3K recently picked up three additional trophies. RI3K …
Lockton’s reinsurance division has appointed Michael Quy as Executive Director responsible for developing the global insurance broker’s specialist Engineering & Construction treaty reinsurance team. He will reestablish an old partnership in London with former colleague Julian Wood to diversify Lockton’s …
The Bermuda-based Catlin Group Limited has announced the following reorganization in the leadership of its Asia-Pacific operations: — With effect from May 1, Mark Newman joined Catlin as CEO of the Asia-Pacific Region, based in the Singapore office. — Bobby …
Washington’s Insurance Commissioner’s Office is currently seeking proposals from consultants in the areas of accounting and legal services to review the proposed sale of Safeco Insurance Companies to Liberty Mutual Holding Co. Inc. Bidders may submit written questions regarding this …
