Dan Conway has joined global insurer Starr Companies as senior vice president for Specialty Casualty. Conway will assume overall responsibility for the Construction, Excess Construction and the Defense Base Act (DBA) profit centers, according to the announcement. The profit center …
Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of …
New York and Los Angeles private equity firm Odyssey Investment Partners, LLC has agreed to acquire Integro Ltd., a specialty insurance brokerage and risk management firm. Financial details of the investment were not disclosed. Integro was founded in New York …
American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine has been pushed back to 2016 or …
Argo Group International Holdings Ltd. reports net income of $27.9 million or $0.98 per diluted share, compared to $38.6 million or $1.32 per diluted share for the second quarter of 2014. “Argo Group’s second quarter results demonstrate continued momentum in …
A.M. Best announced that it has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-” of Partner Reinsurance Company Ltd. and its affiliates. Best has also downgraded …
A U.S. appeals court on Tuesday rejected Ecuador’s challenge to a $96 million international arbitration award in favor of energy giant Chevron Corp, marking the latest twist in a decades-long dispute over the development of oil fields in the South …
Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55 billion [$7.09 billion] …
AccuWeather has reported that Typhoon Soudelor “rapidly intensified on Monday, becoming a super typhoon and reaching the equivalent of a Category 5 hurricane in the Atlantic or Eastern Pacific basins.” AccuWeather said the storm “reached peak intensity late Monday with …
Willis North America has appointed Ben Norris as managing partner, Willis of Alabama, effective immediately. In this role, he will be responsible for Willis’s operations across its offices in Birmingham, Huntsville, and Montgomery, Ala., and Rogers, Ark. Based in Birmingham, …
