Wal-Mart Stores Inc , the world’s largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. The lawsuit, filed in Philadelphia by …
Neil Maidment, Beazley’s chief underwriting officer, has been elected to the Council of Lloyd’s for a three year term, beginning on Feb. 1. Maidment has worked in the Lloyd’s market for 31 years, including 25 years at Beazley. In 2011, …
Former Qwest Communications International Inc. chief Joseph Nacchio won a $14.2 million insurance case verdict against a Goldman Sachs Group Inc. unit and a financial adviser who previously helped convict him of insider trading, according to a lawyer who filed …
Amlin plc, the London-based specialist insurer, announced the successful completion on Jan. 4 of the cross-border merger of two of its insurance company subsidiaries, Amlin Europe N.V. and Amlin Insurance (UK). The combined post-merger insurance company is called Amlin Insurance …
CNA said it has named Peter McCarron as senior vice president, Commercial Claim. McCarron joins CNA from Zurich North America, where he most recently served as senior vice president, Global Workers’ Compensation and Accident & Health. Prior to that role, …
U.K. Financial Conduct Authority’s acting top executive withdrew from the race to take the role permanently after manning the post following the government’s ouster of the last head. Chief Executive Officer Tracey McDermott interviewed for the position last year. U.K. …
ArgoGlobal has appointed Jeremy Shallow as Credit and Political Risks Class underwriter. He takes up his position with immediate effect, reporting to John Moffatt, head of Specialty. Shallow joins the company from Aspen Insurance where he served, most recently, as …
Ryan Direct Group (RDG), the insurance services business and part of Chicago-based Ryan Specialty Group (RSG), has entered into agreement to acquire Northern Ireland-based MGA Midas Underwriting, subject to regulatory approval. The financial considerations were not disclosed. Derek Coles, RDG …
Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China’s Tianjin port last August, reinsurance broker Guy Carpenter said on Thursday. Rising competition to offer …
Hub International Limited has acquired the assets of Gathings Insurance Services, LLC of Ridgeland, Miss. Terms of the acquisition were not disclosed. Gathings specializes in providing a variety of employee benefits, and property and casualty insurance products. James M. Gathings, …
