Monthly Archives: <span>September 2014</span>

Marsh Canada Acquires Montreal-based Kocisko Insurance Brokers

Marsh Canada announced the acquisition of Kocisko Insurance Brokers Inc., a full-service commercial insurance brokerage based in Montreal, Quebec. Terms of the transaction were not disclosed. “Kocisko focuses on providing commercial insurance and risk management solutions to construction and surety …

UK’s Altitude Targets Aerospace Growth with Hollingworth Appointment

Altitude Risk Partners, the global aviation and space underwriting business, announced the appointment of former broker Charles Hollingworth as an underwriter. Hollingworth joined from Aon Risk Solutions where he was a products and aerospace broker. He will work with the …

Tropical Storm Dolly Moves Ashore off Gulf of Mexico

Heavy rains from Tropical Storm Dolly threatened flash floods and mudslides in mountainous areas as it moved in from Mexico’s Gulf coast, where authorities had readied shelters and suspended school classes on Wednesday. The U.S. Hurricane Center said Dolly was …

XL Group Strengthens Financial Lines Team in Switzerland

XL Group announced that it has reinforced its team in Switzerland in “response to the growing needs of multinational companies for Financial Lines coverage.” XL announced the enhancement of the team handling financial lines, and in addition presented its Financial …

SCOR Receives License to Operate as Local Brazil Reinsurer

France’s SCOR announced the creation of a local entity in Brazil, SCOR Brasil Resseguros SA (SCOR Brasil Re), following receipt of a license to operate as a Local Reinsurer granted by the Brazilian insurance authority SUSEP on August 26th, 2014. …

New York City Exceeds Post-Sandy Housing Recovery Goal

New York City says it has exceeded its post-Sandy housing recovery goal, reimbursing 500 homeowners and starting construction on 500 homes by Labor Day. The director of Mayor Bill de Blasio’s Office of Housing Recovery tells the Wall Street Journal …

Court Frees Goldman from Paying Ex-VP’s Legal Fees

Goldman Sachs Group Inc. should not have been ordered to pay former programmer Sergey Aleynikov’s legal fees to defend against criminal charges that he stole secret code from the bank’s computers, a divided federal appeals court ruled on Wednesday. All …

Study: Conn. Occupational Illness Rates Higher Than U.S. Average

Occupational illness rates are higher for Connecticut workers than the national average, though the rate has declined, a study by a University of Connecticut health expert says. The overall illness rate in 2012 was 21.9 cases per 10,000 workers, a …

Sandy-Hit Towns in N.Y., N.J. Wrestle With Eminent-Domain Choice

On a tiny spit of land off Long Island in New York, the wealthy village of Asharoken faces a dilemma borne of Superstorm Sandy. Either it accepts millions of dollars in federal aid to build a protective sand dune and …

Insurance Noodle Launches Integrated Facility for Allied Health Services

Insurance Noodle has launched an integrated facility for allied health services across the United States, bringing together several leading markets via a single online access point. By accessing Insurance Noodle’s proprietary technology platform, agents can simultaneously market an account to …