W. R. Berkley Corp. has appointed Douglas J. Powers as president and chief executive officer of Carolina Casualty Insurance Co., succeeding William E. Haines. The appointment is effective immediately. Powers has 25 years of experience in the insurance industry. He …
OneBeacon Insurance Group reported second quarter net income of $9 million, operating income of $18 million, a drop in written premiums reflecting the sale of its personal lines business and a jump in combined loss ratio due in part to …
Across Thailand many doctors traded their white coats for black on Thursday to protest a draft law that would give victims of medical malpractice legal rights to win compensation. The law would be the first of its kind in Thailand, …
A U.S. senator from Florida called for a congressional inquiry into BP Plc’s plan to use losses from the Gulf of Mexico oil spill to reap $10 billion in tax benefits. Senator Bill Nelson said Wednesday he wants a probe …
A global accounting standard setter proposed a new rule for measuring insurers’ profitability on Friday, aiming to shine a light on a sector criticised by investors for being a “black box” that keeps them in the dark. The International Accounting …
Three months after the catastrophic oil rig explosion that sent millions of gallons of crude spewing into the Gulf of Mexico, the House of was poised Friday to debate legislation clamping down on the industry’s offshore drilling practices. The Democratic-led …
The confusion around what the owners initially called a possible “attack” on a Japanese tanker in the volatile Straits of Hormuz shows the difficulties markets and policymakers face reacting to security events offshore. As with the sinking of a South …
U.S. regulators have told Canada’s Enbridge to detail a safety and repair plan for a failed oil pipeline in Michigan after warning in January the company appeared to be in violation of safety standards because it was not monitoring rust …
New York’s attorney general has subpoenaed MetLife Inc. and Prudential Financial Inc. as part of a probe into whether life insurers are defrauding families of deceased military personnel by siphoning off millions of dollars of death benefits for themselves. “It …
TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from Hellman & Friedman and its co-investor JMI Equity …
