A jury in Vermont has awarded $8.7 million in damages to a former altar boy who sued the Roman Catholic Diocese of Burlington over sexual abuse he says he suffered at the hands of a priest. The man, now a …
Bermuda- based Sovereign Risk Insurance Ltd., which is owned by ACE Bermuda Insurance Ltd., a wholly-owned subsidiary of ACE Limited, announced that it has received approval in principle from the Dubai Financial Services Authority (DFSA) to establish a wholly-owned subsidiary …
As the magnitude of the earthquake that struck China’s Sichuan Province on Monday, and the extent of the damage it caused, becomes more apparent, the loss estimates from the quake have escalated rapidly. Risk Management Solutions most recent analysis now …
Jardine Lloyd Thompson (JLT) has announced the appointment of Matthew Strong as Director, Capital Risks, Asia, which, JLT said reinforces its “long-standing commitment to the Asian market and underlines the increasing importance that businesses place on understanding and preparing for …
Bermuda-based Aspen Insurance Holdings announced that it has agreed to repurchase approximately 4.1 million of its ordinary shares from Candover Partners Limited, one of its founding shareholders, and a trustee to a Candover employee trust. The ordinary shares are to …
A classical nude “Venus” she’s not, but that didn’t seem to matter to whoever paid $33.6 million (£17.2 million) for Lucien Freud’s painting – “Benefits Supervisor Sleeping.” The price was the highest ever paid for the work of a living …
ACE Limited announced that its subsidiary, ACE INA Holdings Inc., has agreed to sell $450 million of 5.60 percent Senior Notes due May 2015. The notes will be guaranteed by ACE Limited. Ace said it would use the net proceeds …
“Businesses could be facing a future liability crisis if they do not face up to growing litigation issues,” Lloyd’s warns in its latest report -“‘Directors in the Dock – is business facing a liability crisis?” The study, part of Lloyd’s …
The Zurich Financial Services Group reported good first quarter results across all business segments, “driven,” the Group said, “by a continued focus on financial discipline, operating efficiency and risk management, coupled with the benefits of its diversified business.” Performance highlights …
Encino, Calif.-based NAS Insurance Services is introducing a new NetGuard Plus Insurance that covers network-related exposures. NetGuard Plus now includes network security liability insurance covering allegations of breach of privacy, libel, identity theft, slander, defamation, etc. In addition, the policy …
