Aon Construction Services Group has secured an offering for up to $100 million in limits to address contractual liabilities such as force majeure events, liquidated damages and performance coverage. Contractual liability policies are designed to indemnify another person or entity …
Fitch Ratings hosted a teleconference today, March 11 on the performance of China’s life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating agency’s web site at: www.fitchratings.com. In an announcement …
London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox Chief Underwriting Officer Rob Childs discusses the profitability for …
Zurich Financial Services Group has appointed Pascal Perritaz (37, Swiss citizen) to the position of Chief Financial Officer Asia-Pacific and Middle East (APME), effective April 1, 2010. He replaces Iain Howie, who has been appointed CFO Zurich Australia. Perritaz will …
Property and casualty insurance provider Zurich named Scott Rasor as head of Zurich North America Commercial’s Construction group. Rasor previously served as senior vice president for Construction, specializing in residential and specialty risks. He will be based in Zurich in …
Senator Christopher Dodd said Thursday that he will present on Monday his own version of a financial reform bill after compromise talks with Senate Republicans broke down. Dodd, the chairman of the Senate Banking Committee, said he will present the …
Denver-based IMA of Colorado Inc., a retail insurance brokerage, announced that Cathy Sims has been promoted to vice president – employee benefits, and Sandy Harvath has been promoted to vice president – commercial lines. IMA of Colorado is part of …
Richfield, Ohio-based National Interstate Insurance Company reports it experienced significant expansion in its Alternative Risk Transfer (ART) component in 2009. The company added 114 companies to its group captive programs, bringing the total to 384 companies at year end. During …
China told the United States on Wednesday to make stronger commitments on climate change and provide environmental expertise and financing to developing nations. China’s top climate change negotiator, Xie Zhenhua, acknowledged the current U.S. administration’s greater stress on greenhouse gas …
Parker Holt has joined the Austin, Texas, office of independent insurance and financial services brokerage firm Higginbotham & Associates as vice president. He is a property/casualty insurance broker and risk consultant for middle to large commercial business with concentrated experience …
