ACE Europe announced that it has launched “ComputerGuard Plus,” its comprehensive IT hardware and network security policy, on the Safeonline broking system. “Brokers using the Safeonline system can now quote and bind their ComputerGuard Plus policy in one quick easy …
Marsh’s London office announced the appointment of William Diaz as head of Marsh Client Technologies, “a newly formed unit that comprises MarshConnect, the firm’s global client technology interface, and CS STARS.” Diaz will work with Marsh’s clients and the firm’s …
A combination of “class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms,” according to a survey from Marsh. Marsh indicated that, “two …
A study, released in London by Standard & Poor’s Risk Solutions, analyzes the 2007 year end financial returns of UK SME’s [small and medium enterprises]. It found that, “not surprisingly,” the sector with “the highest default risk in 2008 is …
A report from Standard & Poor’s Ratings Services’ Paris office – “Global Financial Institutions Eye Another Wave Of Write-Downs As U.S. Housing Woes Spread -” forecasts that global financial institutions “will face more securities write-downs combined with rising loan losses …
New York Governor David A. Paterson said that New York State will, beginning in January, regulate part of the credit default swap market which has to date been unregulated and has been a major contributor to the emerging financial crisis …
AIG’s insurance companies are financially sound, with substantially more in assets than they need to pay all valid present and projected claims, New York Insurance Superintendent Eric Dinallo said. Dinallo also announced he would issue notices to insurance companies, agents …
New York state Attorney General Andrew Cuomo said he has issued subpoenas as part of “an aggressive and expeditious” probe into reports of unusually high levels of disability benefits paid to Long Island Rail Road retirees. Cuomo said he had …
Gov. Marc Racicot, president of the American Insurance Association (AIA) sent a letter to U.S. Secretary of Homeland Security Michael Chertoff assuring him that the insurance industry is fully engaged in the recovery from Hurricane Ike. Racicot indicated Chertoff had …
Entergy Corp., parent of utility companies that serve a four-state area walloped by hurricanes Gustav and Ike, said it expects damage from Gustav alone to be up to $600 million. Just how much more Ike tacked on to the bill …
