Standard & Poor’s Ratings Services has announced the publication of its annual “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P said the forthcoming report “will provide a detailed perspective on the market, focusing on the …
Halliburton Co.’s agreement to settle most of the lawsuits stemming from its role in the worst offshore oil spill in U.S. history refocuses attention on the still-awaited court ruling that will decide the extent of BP Plc’s liability. U.S. District …
The H.W. Kaufman Financial Group has announced the “purchase of London-based Oval International, a Lloyd’s broker that is globally recognized for placing complex marine and energy risks.” Kaufman Financial is the parent company of Burns & Wilcox and Burns & …
Independent insurance broker network Brokerslink announced that it has “continued its African regional expansion with the opening of a new operation in Abidjan, the primary economic center of Ivory Coast, by member Filhet-Allard Group.” Henry Allard, a Board Director of …
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may struggle to halt the slide when …
ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in a former U.S. insurance unit, Voya Financial Inc., to about 32 percent by selling about $1.2 billion of shares. ING …
Donegal Group Inc. in Marietta, Pennsylvania, announced on Aug. 29 that its chief executive officer, Donald H. Nikolaus, will be on a temporary medical leave of absence. The board has named Donegal Group’s Executive Vice President and Chief Operating Officer …
Insurance Agents & Brokers Service Group (IA&B) in Mechanicsburg, Penn., and its partnership of agents’ associations in Delaware, Maryland and Pennsylvania announced officers for the new administrative year that begins in the fall. The following directors have been elevated to …
The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said. “We’re changing generals as we move from wartime to peacetime,” Miller, 72, said Tuesday in an interview with Bloomberg …
A report by the nonprofit research group Economic Roundtable released over the Labor Day holiday found that one-in-six construction workers in California fell into the state’s “informal economy,” an economy that cost the workers’ compensation market $264 million among other …
