More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to a report released today. Property analytics and data …
Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Scott Beall as chief underwriting officer of casualty facultative and Lex Smart as senior vice president of Ascot Fac. The team will report to Rory Cline, president of Ascot Fac, …
EXOR, the Turin, Italy-based investment company and a suitor in the ongoing takeover battle of PartnerRe, filed a lawsuit on June 1 in the Supreme Court of Bermuda, seeking to obtain PartnerRe’s list of shareholders in order to make sure …
The owner of a ship that capsized on China’s Yangtze River with 456 people aboard has been ordered to suspend operations of a second boat and carry out safety probes on its entire fleet, an official at the Yangtze river …
International General Insurance Holdings Limited (IGIH) announced that it has hired three senior underwriters at IGI UK “as part of a strategy for growing the London based operations. The company named Barry Marren as International D&F Property Underwriter, Maria Fahy …
The property/casualty insurance online learning center, the Academy of Insurance, unveiled a fresh brand identity along with a new all-access membership program today. Established 2010, the Academy includes a library of more than 230 on-demand webinars and 300+ hours of …
Blue Bell Creameries says it has entered a voluntary agreement with the Alabama Department of Public Health that includes requiring the company to inform the state whenever there is a positive test result for listeria in its products or ingredients. …
CNA Financial Corp. has appointed Kevin Leidwinger as president and chief operating officer of CNA Commercial, reporting to Tom Motamed, chairman and chief executive officer, CNA. In this role, Leidwinger will lead the CNA Commercial team in executing CNA’s underwriting …
American International Group Inc. Chief Executive Officer Peter Hancock said that it’s difficult to quantify the financial risk to the company from former CEO Maurice “Hank” Greenberg’s suit over the insurer’s bailout. “As I see it, it’s a compound problem,” …
While stand-alone pollution insurance coverage for energy risks is available in the marketplace, more often than not those who need it the most may be unaware it is available or decide not to purchase it. That creates a coverage gap …
