Specialty insurer Markel International has reorganized its retail division (Markel UK). Steve Carroll, who has been responsible for the expansion of Markel UK since its formation in 1990, has been appointed to a wider retail role. A Markel International board …
Transocean Ltd has had high-level talks with BP Plc about last year’s Gulf of Mexico oil well disaster, for which it believes BP is responsible for the damages, an executive said Tuesday. Asked about last week’s deal between well operator …
The U.S. Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc., according to an early litmus test of market interest in the firm’s stock. The Treasury sold 200 million shares of AIG at …
Heffernan Insurance Brokers based in Walnut Creek, Calif., has joined German-based UNISONBrokers, a global broker network, to facilitate its placement and servicing of insurance business in foreign countries. Unison, headquartered in Hamburg, Germany, is one of the largest independent networks …
The Insurance Industry Charitable Foundation approved the Midwest division board of directors and executive committee. Twelve senior executives representing companies operating in the Chicago area serve on the board. Kathleen Savio, executive vice president and chief administrative officer for Zurich …
The Japanese earthquake and tsunami that occurred in March 2011 served as a wake up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and May have underscored the …
Ryan Specialty Group, LLC has introduced its LifeScienceRisk, a managing general underwriter specializing in generic pharmaceuticals, medical devices and nutritional supplements. Insurance products include commercial general liability or mono-line products liability for manufacturers, contract manufacturers, repackers and distributors of these …
Massachusetts Attorney General Martha Coakley claims insurers have overcharged commercial auto customers by $1 billion over the last seven years and has asked the state’s insurance commissioner to slash premiums for the coverage. Coakley said her office arrived at the …
Auto, home and business insurers have launched a broad response to the recent tornadoes that caused severe loss of life and extensive property damage in Joplin, Mo., Reading, Kan., and Minneapolis, Minn., insurance industry sources say. More than 68 tornadoes …
The number of medical malpractice lawsuits filed against doctors and hospitals in Pennsylvania dropped last year for the sixth year in a row. A total of 1,491 malpractice lawsuits were filed in 2010, according to a report released last week …
