Standard & Poor’s suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state …
The Hartford has appointed Carl J. Carano vice president of loss control for the company’s Commercial Markets division. Carano will lead development of a risk management services for commercial insurance customers. He will report to David Carter, head of Middle …
Members of the UK’s Managing General Agents’ Association (MGAA) are “prioritizing the development of new business lines and products to drive organic growth over the next three years according to the first MGAA Matters survey,” the organization said. The announcement …
PERILS AG has released its third loss estimate for windstorm Xaver, a storm which affected Western and Northern Europe on December 5-6, 2013. Windstorm Xaver is also known as Sinterklaasstorm in the Netherlands, Bodil in Denmark and Sven in Sweden. …
Swiss Re has published a report on the updates it has made in its Corporate Responsibility and Risk Framework applications. “Risk management is at the core what Swiss Re does and as a result, the company updated one of the …
ING Groep NV, the biggest Dutch financial services company, confirmed its plans, first made public last week, to sell shares of its European insurance unit in an initial public offering, which it has now announced could take place as early …
Catlin Group Limited has announced the establishment of Catlin Middle East Limited in the Dubai International Financial Centre (DIFC). Catlin Middle East “offers facultative reinsurance to insurers in the Gulf Cooperation Council (GCC) countries, Africa and parts of South Asia,” …
Risk and insurance advisor group, Crystal & Company, announced that its Private Client Services group is expanding to the Dallas-Fort Worth area The firm welcomed Krista Tankersley, managing director for the Private Client Services group, to lead the team in …
The insurer for the latest Fast & Furious film is looking at a huge, and possibly historic, payout, according to an entertainment insurance agent. The Hollywood Reporter trade magazine is reporting a source with knowledge of the situation says there …
XL Group has hired Aldith “Allie” Townsend as a new underwriter in its railroad business, part of XL Group’s Global Excess Casualty division. Townsend will be based in New York and report to Senior Vice President and Railroad Manager Denise …
