Lloyd’s Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims September 15, 2011 By Young Ha Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent...
Best Affirms Lloyd’s Syndicate 510 and Kiln Group Ratings; Outlook Stable September 15, 2011 A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit...
Hub International to Acquire Canadian Broker Horizon Insurance September 15, 2011 Hub International Limited announced that it has entered into a definitive agreement to acquire the operations of Horizon Insurance, LP....
Willis Appoints Peller as Argentina CEO September 15, 2011 Willis Group Holdings has announced the appointment of Seth Peller as CEO of Willis Argentina S.A., effective immediately. He is...
Shareholder Adviser OK’s Allied’s Bid, But Nixes Approval by Transatlantic September 15, 2011 Allied World Assurance Company Holdings, AG announced that Institutional Shareholder Services (ISS), an independent proxy advisory service, has “issued a...
Travelers Promotes Coello to Assistant GM for Professional Risks in UK September 15, 2011 Travelers London office announced that Richard Coello has been promoted to the role of Assistant General Manager responsible for Professional...
Lloyd’s Issues First Direct Insurance Policy in China September 15, 2011 Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s...
AIR Updates European Wind, Earthquake Cat Models September 15, 2011 Catastrophe risk modeling firm AIR Worldwide has released updates to its Extratropical Cyclone and Earthquake Models for Europe. AIR said...
Insurance Rates for Coastal Alabama Homeowners Going Down September 15, 2011 By Michael Adams Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first...
Walker Named CFO of Fireman’s Fund September 14, 2011 Kevin Walker will be the new chief financial officer and a member of the board of directors of Fireman’s Fund...