Hudson Insurance Group and Crum & Forster, both owned by Fairfax Financial Holdings Ltd., announced a strategic realignment of their directors and officers (D&O) and management liability business. C&F will transfer the following lines to Hudson’s Financial Products unit: public, …
This year’s Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone Research — Characteristics of FDIC Lawsuits against Directors and Officers of Failed …
Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a report from Fitch Ratings, which also said the industry’s reserve position remains adequate overall. Fitch Ratings found the industry reserve position to be adequate …
Sixty-three percent of Americans believe their world is becoming a riskier place, while only 15 percent feel it is less risky. Americans’ greatest concerns are financial security, loss of privacy and identity theft, personal safety and the increased frequency of …
Investors expect 4 million Americans to initially enroll in the state insurance marketplaces created under President Barack Obama’s Affordable Care Act, according to a survey released on Monday, as concerns mount that technical glitches could present obstacles to enrollment. The …
ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC announced that they have entered into an agreement to combine their Lloyd’s managing agency operations, ANV Syndicate Management Limited (ASML) and …
A report from Standard & Poor’s Ratings Services says that overall, “it considers global multiline insurers (GMIs) to still display better credit quality than other insurance groups or companies.” The report – “Global Multiline Insurers’ Robust Market Positions And Improving …
Delegates attending the annual conference of International Union of Marine Insurance (IUMI) in London were told that “insurers, ship owners and cargo interests cannot equate piracy in West Africa to that seen off the coast of Somalia.” Jim Mainstone, Marine …
Salvage crews completed raising the wreck of the Costa Concordia in the early hours of Tuesday morning after a 19-hour-long operation on the Italian island of Giglio where the huge cruise liner capsized in January last year. One of the …
Another disaster plaguing the state, widespread flooding in Colorado is being viewed as an “unprecedented” event in which losses will take quite some time to calculate – although there are more immediate lessons to be learned. Thousands are missing, tens …
