Despite its problems with Security Capital and the charges it expects to incur (See related article), Bermuda’s XL Capital managed to post net income available to ordinary shareholders of $237.9 million for the second quarter of 2008, compared to $544.5 …
ACE American Insurance Company, one of the principle operating companies in the ACE Group, announced it has received approval to establish a Representative Office in the Emirate of Dubai. The bulletin explained that the “Representative Office, which will be operated …
In an article on its web site (www.lloyds.com), Lloyd’s looks at the increasing concerns over coverage for vacant properties. “As the economy worsens it’s expected that more and more businesses will fail, leaving commercial property owners possibly struggling to fill …
Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better terms. Negotiators battled over a …
Merrill Lynch has agreed to help bail out bond insurer Security Capital Assurance Ltd. by canceling $3.5 billion in credit default swaps and ending litigation. Under the pact, Security Capital will be released from the derivatives guarantees it sold to …
The Kentucky Department of Insurance said a Louisville business owner is charged with eight felony counts of insurance fraud and eight felony counts of criminal possession of a forged instrument after allegedly presenting fraudulent liability insurance certificates for his business, …
In the 20 years that Chubb Insurance has taken global branding seriously, China has presented the most interesting challenge. For Jan Tomlinson, establishing Chubb in China has been a test of patience and politics but with a lot promise. Tomlinson, …
Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’ compensation system owes parts of its existence to this unique …
Bermuda’s ACE Limited expects to issue its second quarter earnings release and financial supplement after the market closes today Tuesday, July 29, 2008. A copy of these documents will be available promptly following such issuance in the Investor Information section …
HM Risk Group LLC, a full-service, woman-owned, independent insurance firm providing dedicated brokerage, risk management and consulting services to commercial clients on a global basis, announced the opening of its office in Austin, Texas. HM Risk Group will specialize in …
