London-based CFC Underwriting has launched an excess underwriting capability. CFC is a specialist lines underwriting agency backed by 17 Lloyd’s syndicates. It has clients in over 50 countries around the world and specializes in “developing and distributing cutting edge insurance …
Global trade credit insurers have increased their exposures in the sector by over €180 billion [$226.8 billion], despite the continuing unstable economic environment. At a recent meeting in Singapore the members of the International Credit Insurance and Surety Association (ICISA) …
XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s Lloyd’s Syndicate #1209. XL also announced the expansion …
Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be short-lived. After …
Colony Specialty, a member of Argo Group International Holdings, Ltd., is now offering business auto coverage in conjunction with its general liability and pollution coverages through their environmental division. The admitted product targets operations including: the fleets of environmental contractors …
LinkedIn Corp.’s silence on the extent of a security breach that exposed millions of user passwords has damaged its reputation among some business professionals, and may slow the growing company’s rise if the breach turns out to be more serious …
A U.S. judge on Friday said he was “seriously concerned” about whether women suing Wal-Mart Stores Inc. had enough evidence to move forward with their refiled gender discrimination lawsuit. Plaintiffs alleging the world’s largest retailer denied them pay raises and …
There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby boomers that are beginning to retire and will continue to do so into the next decade. …
Straight-line wind gusts damaged buildings, uprooted trees and sent a 30-foot sailboat crashing through the window of a home in North Dakota on June 9, the National Weather Service said. The boat hit a home in Granville, where residents have …
A shoe store clerk who was fired after inadvertently giving a receipt containing a racial slur to a black customer has the right to sue her former employer for defamation, a federal appeals court ruled. Friday’s decision by the 8th …
