A security alert yesterday at London’s Canary Wharf financial district ended after police carried out a controlled explosion on a package that was found near the headquarters of Barclays Bank. Canary Wharf Group, which runs the property estate, said the …
XL Group plc announced that XL Insurance (Bermuda) Ltd has entered into a definitive agreement to sell its wholly-owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in cash. The bulletin indicated that on …
The XL Group announced from its Dublin, Ireland headquarters that net income for the first quarter of 2014 was $255.7 million, or $0.91 per share, for the quarter on a fully diluted basis, compared to $350.79 million in Q1 2013. …
Allied World Assurance Company Holdings, AG announced that its shareholders approved the following proposals at the Annual Shareholder Meeting: An annual dividend increase of 35 percent, from $2.00 per share to $2.70 per share (pre-split). The new $2.70 dividend amount …
Allied World Europe has launched an Onshore Construction insurance line of business and appointed Alf Müller as senior vice president to lead the team. He will be responsible for building the line of business and developing a comprehensive Onshore Construction …
The U.S. Education Department is investigating 55 colleges for failing to prevent and respond to sexual assaults and harassment on campus. The colleges are being probed for violations of Title IX, the law that bars gender discrimination in education, the …
Roseville, Minn.-based Maguire Agency and the Kelly Agency, a St. Paul-based commercial insurance agency, have joined forces. Employees of the Kelly Agency, which is known as a specialist in construction insurance, joined Maguire Agency April 1, 2014. Named One of …
This time of year, those living on the Mighty Mississippi can’t help but fret the water’s annual, inevitable rise. Yet, it is a fear confronted year-round by those in charge of the elaborate flood-control system that has been erected along …
Emergency managers said at least 240 homes were damaged or destroyed by the tornadoes and strong storms that swept through Alabama. The Alabama Emergency Management Agency said damage has been reported in 31 of Alabama’s 67 counties. Three people died. …
The speed limit on Florida highways would increase from 70 to 75 mph under a bill the House narrowly passed, despite arguments that it would lead to more deaths. The measure passed on a 58-56 vote and now goes to …
