The Builder Agent Network, a Dallas-based provider of insurance programs for home builders, has been endorsed by the Texas Association of Builders (TAB) as its preferred member service provider for property and liability insurance products. Builder Agent Network (BAN) is …
Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be felt for months to …
Texas Mutual Insurance Co. announced a $178,267 dividend to the Texas Automotive Purchasing Group (TAPG), the group’s first from the insurer. The dividend was based largely on TAPG’s loss ratio. By committing to workplace safety and helping injured workers return …
“Lloyd’s China has been granted a license by the China Insurance Regulatory Commission (CIRC) to write direct insurance in addition to their existing reinsurance license,” said a bulletin on its web site (www.lloyds.com). Lloyd’s Chairman Lord Levene announced the licensing …
ACE UK today announced the launch of a suite of multi-line products targeting medium to large sized businesses in four industry sectors: “professional companies or partnerships with one or more overseas branches, retailers, hotel groups and machinery manufacturers.” ACE said …
Flagstone Reinsurance Holdings, S.A. announced that it has completed the previously announced change in the company’s corporate domicile from Bermuda to Luxembourg [See IJ web site – https://www.insurancejournal.com/news/international/2010/05/07/109632.htm ]. “The re-domestication became official following the completion of legal formalities in …
Environmentalists seeking to curb oil drilling in the Gulf of Mexico have filed federal lawsuits to shut down a major BP platform and close a government loophole for new oil and gas exploration. The lawsuits, filed in Alabama and Texas, …
According to new research commissioned by Bowring Marsh, the Specialist International Placement Broker at Marsh, the “quality of the presentation of risk information is crucial to insureds obtaining the most competitive terms from insurers.” The study, conducted by an independent …
After the devastating back-to-back blows of hurricanes Katrina and Rita, Louisiana’s leaders created a far-reaching state bureaucracy to manage and devise multibillion dollar recovery plans for wrecked southern parishes. More than four years later, part of that bureaucracy, the Louisiana …
The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet more money. The ECB was forced to …
