A survey, conducted by Marsh and the independent research group Ipsos, has concluded that almost all European financial institutions have reviewed their approach to risk since the onset of the global financial crisis, “but less than half have increased their …
Global professional services firm Towers Perrin has named Ronald Kozlowski to lead its P/C insurance consulting practice in Southeast Asia. He will advise insurance industry clients on key business issues “such as pricing, reserving, mergers and acquisitions, and enterprise risk …
The Chartered Property Casualty Underwriting Society’s Los Angeles and Arizona Chapters have installed their officers for the 2009-2010 year. In Los Angeles, new officers are: President Robert Wilson of Aon Risk Insurance Services West; Vice President Cedric Nellum of Deans …
The World Health Organization was poised on Thursday to declare that the new H1N1 virus has caused the first influenza pandemic in more than 40 years, health sources said on Thursday. The move will trigger heightened health measures in the …
Zurich Financial Services has appointed Iain C. Howie (45, UK citizen) as Chief Financial Officer and Chief Administrative Officer for the Asia-Pacific and Middle East (APME) regions, effective June 1, 2009. Zurich described the newly created posts as playing a …
Citing concerns over the potential for property losses due to storms, Nationwide Insurance is exiting the mobile home insurance policy market in North Carolina, phasing out existing mobile home policies from Oct. 3, 2009 through Oct. 2, 2010 and halting …
Kansas City, Mo.-based Westrope announced it has established Westrope General Insurance Agency in Irvine, Calif. As an affiliated entity of Kansas City-based Westrope, Westrope General Insurance Agency is a multi-line wholesaler providing binding authority programs and small brokerage placements throughout …
A Texas-based insurer should not have to pay for hurricane damages to a Mississippi home caused by a combination of wind and water, company attorneys told the Mississippi Supreme Court this week. Greg Copeland of Jackson, attorney for United Services …
AIU Holdings, Inc. said it has sold a portion of its investment in Transatlantic Holdings, Inc, receiving cash of approximately $500 million. AIU said the transaction demonstrates progress toward the sale of AIU Holdings’ interests in TRH, and advances its …
State Farm will resume writing homeowners’ insurance policies for a majority of the state starting June 15. A company spokesman said that residents in the coastal counties of Harrison, Hancock and Jackson counties are excluded from the company’s policy change. …
