Zurich announced from its Illinois headquarters that Ron Davis has been appointed executive vice president and head of customer management for General Insurance, effective immediately. Davis, who previously served as global relationship manager for Zurich Global Corporate, is based in …
American International Group’s Chief Executive Robert Willumstad will soon take the scalpel to the world’s largest insurer — and not a minute too soon for investors blindsided by mortgage losses that led to an unexpected $5.36 billion quarterly loss. Willumstad, …
Standard & Poor’s Ratings Services indicated that its ratings on American International Group Inc. – currently ‘AA-‘ with a negative outlook/Debt ‘A-1+’ – and AIG’s subsidiaries are unaffected by yesterday’s report of an operating loss of $5.4 billion. S&P said …
Christer Pehrson has joined Aon Re Global as executive director, focusing on its European-based global clients. He was previously managing director of Guy Carpenter in New York and deputy head of its international department. Geoffrey Bromley, vice chairman of Aon …
UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of detail than ever …
Following the release of Munich Re’s six-month earnings report (See above), Standard & Poor’s Ratings Services said that its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on the Group “are unaffected by the recent reduction in its forecast …
The Munich Re Group recorded a profit of €1.4 billion ($2.123 billion) for the first half of 2006, a decline from the €2.1 billion ($3.18 billion) recorded in the same peiod of 2007. However, given the ongoing turmoil in the …
In a recent interview, published on the Lloyd’s web site (www.lloyds.com), Enrico Bertagna, Regional Manager for Europe, discussed Lloyd’s present and future plans to expand the London Market’s presence. Europe is a vital region for Lloyd’s and there are plans …
Noted hurricane researcher William Gray, a former Colorado State University climatologist, has revised his Atlantic forecast upward and now calls for a total of nine hurricanes this season — an increase of one. Gray said five of the hurricanes will …
Colorado’s Division of Insurance has published an online index of insurance company complaints, allowing consumers to see whether a company has an above, below, or average number of complaints compared to other companies. “When consumers consider doing business with a …
