Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said in its latest Global Insurance Market Quarterly Briefing. …
International insurance broker and risk management firm Integro Ltd. announced that it has acquired AFL Insurance Brokers Ltd.’s Aviation division; a move that it said would enhance “Integro’s global sector presence with an additional dedicated aviation team that will be …
UnipolSai Assicurazioni S.p.A. (UnipolSai), a multi-business Italian insurance company of the Unipol Group and Willis Capital Markets & Advisory (WCMA) part of Willis Group Holdings plc, have confirmed the “completion of the re/insurance industry’s first indemnity-trigger catastrophe bond primarily for …
A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere’s early spring to 85 percent, boosting the probability that drought-stricken California could see increased rains. The Climate Prediction Center, a …
Chinese officials provided scant detail on the cause of massive explosions at a hazardous-chemicals warehouse in northern China’s Tianjin port, more than a day after blasts killed at least 50 people and injured more than 700. Material scattered by the …
What to do about a warming planet? Just crank up the air-conditioning. No one’s being a smart aleck, and you won’t find any sarcasm in a recent study by a Stanford University professor that shows what it will feel like …
Beneficial Insurance Services, a subsidiary of Beneficial Bank in Philadelphia, announced that it has acquired Pye Karr Ambler & Co. Inc. (PKA), an independent insurance agency in Jenkintown, Pennsylvania. Terms of the transaction were not disclosed. Beneficial Insurance said the …
Insurance broker Lockton hired Manoj Sharma as chief operating officer of its Southeast operations. He is based in Lockton’s Atlanta office.
West Virginia’s new state program requires criminal background checks for applicants seeking certain jobs at long-term care facilities. Health and Human Resources Secretary Karen L. Bowling announced the launch of the West Virginia Clearance for Access: Registry and Employment Screening, …
Zurich North America has revised its liability policy for investment advisers, mutual fund and hedge fund managers. Zurich says it has made the changes in response to a rise in regulatory risk fueled by new investigative approaches used by the …
