Monthly Archives: <span>May 2011</span>

Aon to Move into New London HQ in 2015

Aon announced that it has selected The Leadenhall Building as its future London headquarters. The office tower is currently under construction, directly across Leadenhall Street from Lloyd’s. When completed it will be 224 meters (just under 700 feet) tall. The …

Liberty Mutual Continues UK Commercial Lines Expansion; Hires Personnel

After launching its drive into the UK’s commercial lines mid-market in March, Liberty Mutual Insurance, the Commercial Lines operation of Liberty Mutual Insurance Europe Limited, has announced several new staff appointments as part of this initiative. Nine new members of …

W. R. Berkley Forms Berkley Re UK Limited; Appoints Execs

W. R. Berkley Corporation has announced the formation of Berkley Re UK Limited, based in London. Its principal focus “will be underwriting casualty and property treaty reinsurance, subject to regulatory approval,” said the announcement. “The operations of Berkley Re UK …

Firms Fail to Grasp Intellectual Property Risks: Marsh/LIU Report

Global businesses do not understand the intellectual property risks facing their organizations or the value of their intangible assets, a new report says. Three-quarters of organizations are unable to identify the proportion of their firms’ value that could be attributed …

Industry Leaders to Speak at MarketScout’s Entrepreneurial Insurance Symposium

Burns and Wilcox, Chartis, Hub, Lloyds of London, Navigators, Pure, QBE and Tower to share Innovations Dallas, TX – May 16, 2011 – The Entrepreneurial Insurance Symposium On September 12-14, 2011, MarketScout will host its fifth annual Entrepreneurial Insurance Symposium …

People

Newport Beach, Calif.-based GCube named Al Caceres senior vice president of underwriting covering all renewables, and Michael Durning executive vice president of client relations and business development. Both will be based in the company’s New York office. Durning was most …

New MGA Sees Opportunity for Independents in Growing Hispanic Market

With 30 years of insurance industry experience under his belt, one Texas-based insurance executive decided recently it was time to open his own operation to serve the insurance needs of the growing Hispanic population. While Dallas-based Hispanic Affiliates General Agency …

Court Case Tests Military’s Medical Malpractice Shield Law

Veterans, military families and others who oppose a decades-old law that shields military medical personnel from malpractice lawsuits are rallying around a case they consider the best chance in a generation to change the widely unpopular protection. The U.S. Supreme …

Insurers Fight over Flood Policies Dropped by State Farm

Major U.S. insurers are pushing to gain control of 800,000 former State Farm flood insurance policies as lawmakers contemplate reforms to the nation’s flood insurance system. The conflict began last year when State Farm dropped out of the government’s flood …

Report: Hurricanes Pose Risk to 1.8M Coastal Homes

More than 1.8 million homes along the Gulf and Atlantic coasts are at great risk of being damaged by a hurricane, three times the number located in federally defined flood zones, according to a recently released report. The report by …