Goldman Sachs Group Inc. agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank’s clients and investors. The U.S. Securities and Exchange Commission said …
Torus Executive Risks Limited (TER), a joint venture between Nexus Underwriting Management and global specialty insurer Torus, has entered the Professional Lines market with the appointment of David Robinson as Professional Indemnity Manager. He joins TER from Lloyd’s Syndicate 3210 …
Participants in the Doha world trade talks are preparing for a final deal but there is no point setting an artificial deadline, the head of the World Trade Organization told a German daily. The Doha talks, launched in late 2001, …
Zurich Financial Services Group reported a $330 million increase in the loan loss provisions in its commercial property loan books in the UK and Ireland to be taken in the second quarter 2010. Zurich noted that during 2009 it had …
Southern China on Friday battened down to await the arrival of Typhoon Conson, gathering strength over the South China Sea, and Vietnam deployed nearly 3,000 troops to areas in the path of the storm. Swollen rivers and landslides have killed …
Washington Insurance Commissioner Mike Kreidler is taking aim at insurers’ use of credit scores, warning consumers that large drops in credit scores could lead them to pay 8 percent to 15 percent more for insurance. Meanwhile, several insurance associations say …
David Estrada has been named managing director at Rainmaker Advisory LLC, based in Portland, Ore. Estrada has more than 25 years of experience in the retail insurance brokerage indutsry. He previously was president of USI Northern California.
Los Angeles – July 16 2010. Gary Petrosino, Executive Vice President of Chubb & Son, has been appointed President of City of Hope’s National Insurance Industry Council (NIIC) group. Petrosino is an insurance executive, with more than 30 years experience …
EPIC (Edgewood Partners Insurance Center), a retail property/casualty and employee benefits insurance brokerage, has added Jim Gillette as a principal and senior vice president in its Los Angeles office, as well as added Diane Browne as a property/casualty insurance producer …
An initiative to eliminate Washington’s workers’ compensation insurance monopoly and allow private insurers to offer coverage for workplace injuries has qualified for the November ballot. Secretary of State Sam Reed certified Initiative 1082 after workers checked a random sample of …
