XL Group’s reinsurance segment announced the establishment of new operations in Dubai, UAE, to serve the MENA market and act as a regional hub for the business. XL named Mohamad Alali as Senior Executive Officer and Imen Hamadouche as a …
A bulletin from XL Group notes: “As Mexico’s multinational companies continue to take a greater stake in the global market, protecting their assets across borders has become increasingly critical.” In order to beef up the company’s presence in the country …
The search for missing Malaysia Airlines Flight MH370 is likely to drag on for years, a senior U.S. defense official told Reuters on Friday, as an underwater search for any trace of the plane’s wreckage off west Australia appeared to …
Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these countries.” Nicaragua experienced an earthquake on Thursday, April …
Catastrophe modeling firm AIR Worldwide, has issued a report on the powerful M6.6 earthquake that struck off the coast of Canada’s Vancouver Island at about 3:10 a.m. UTC (8:10 p.m. local time) a at a depth of 11.4 km (7.1 …
A New York hospital is reinforcing its ban on electronic cigarettes after a patient on oxygen was burned by a fire that erupted while she was puffing on one of the devices. Syracuse Fire Department officials say the exact cause …
The Big “I” executive committee presented Mike Wojcik, senior vice president of The Horton Group and chairman of the Big “I” Healthcare Task Force, with the Sidney O. Smith Award, the Independent Insurance Agents & Brokers of America’s (IIABA’s) highest …
A California Assemblywoman has introduced a bill to regulate ridesharing companies like Uber, Lyft and Sidecar. Assembly Bill 2293, authored by Assemblywoman Susan Bonilla, D-Concord, would clarify existing insurance laws related to ridesharing service activities while supporting new business advancements, …
A California bill to close a loophole that enables building on active earthquake faults without considering the impacts passed a key committee hurdle on Thursday. Senate Bill 1155, authored by state Sen. Ted Lieu, D-Redondo Beach, passed through the Senate …
The ACE Medical Risk Group has enhanced its life sciences capabilities to include a commercial package offering comprised of general liability, inland marine, crime, umbrella liability and business automobile coverages to help address the needs of life sciences companies. The …
