As Hurricane Ike barrels over Cuba and heads toward the Gulf of Mexico, it has the potential to become the storm that insurance companies in Texas have feared most, according to the Insurance Council of Texas. As of Sept. 9, …
Cargo theft accounts for up to $25 billion in direct merchandise losses each year, according to the National Cargo Security Council. With more than 675,000 registered interstate motor carriers moving 65 percent of the freight in the United States, the …
Richard G. Spiro has been named to the position of executive vice president and chief financial officer of The Chubb Corporation. Spiro, 44, will join Chubb as executive vice president on Oct. 1 and will assume the CFO position in …
Improperly installed ultra-thin gas lines have left thousands of central Indiana homes in danger of fuel-fed fires if struck by lightning, but the state has made no concerted effort to warn homeowners, a report issue on Sunday, September 7 said. …
The AIG Companies introduced Global Supply Secure, insurance that helps mitigate the financial impact of supply chain disruptions. Jointly developed with Marsh, Global Supply Secure will be underwritten domestically by Lexington Insurance Company, a unit of AIG Commercial Insurance, and …
Gresham & Associates of Stockbridge, Georgia, added two new property & casualty brokers. Stephanie Averhart has 20 years of industry experience and Annete Marsa has 10 years of retail and wholesale insurance experience. Gresham & Associates, a national wholesale insurance …
Atlanta-based GPI Financial Services, an insurance and financial counsel service, selected Griffin MarCom to provide strategic communications support — and to ensure its mission and capabilities are articulated in the marketplace. GPI’s practice areas include small business risk mitigation, key-person …
Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda) Ltd. Graham Wood has joined the Oxygen Re team and plans to take …
Willis Re, the reinsurance arm of global broker Willis Group Holdings announced that Rowan Douglas, managing director of analytics for Willis Re’s International and Specialty divisions, has been appointed to the National Environment Research Council (NERC) by UK Science Minister …
Bermuda-based PartnerRe Ltd. announced that its Board of Directors has approved an increase in the Company’s share repurchase authorization for a total of up to 5 million common shares. “This reflects an increase of approximately 2.1 million common shares to …
