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SullivanCurtisMonroe Names O’Connor Vice President

Irvine, Calif.-based SullivanCurtisMonroe has named Matt O’Connor vice president to its Irvine Office. O’Connor joins SCM from Aon in Orange County, Calif., where he was an account executive in the Construction Division. He held previous positions at Sumitomo Marine Management …

California’s Poizner to Subpoena Companies Over Iran Divestment

California’s insurance commissioner said he intends to subpoena insurance companies that did not comply with his probe of insurance companies and Iran. Commissioner Steve Poizner announced yesterday that he intends to urge–and perhaps coerce–insurance companies doing business in California to …

Swiss Re Obtains $150 Million Backup for Hurricanes, Quakes and Windstorms

Swiss Re announced that it has entered into a transaction with Successor X Ltd. a Cayman Islands exempted company financed through the offering of insurance-linked securities, to receive up to $150 million of payments. They would be triggered in the …

Unemployed Face Higher Healthcare Premiums Without COBRA Extension

Millions of unemployed U.S. workers face sharply higher health insurance premiums and loss of coverage as temporary federal subsidies expire, a healthcare advocacy group said Tuesday. With the U.S. unemployment rate topping 10 percent, FamiliesUSA is urging Congress to extend …

China, Other Big Developing Countries Reject Copenhagen Climate Plan

China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the world’s top emitter, together with …

France Tries to Calm Britain’s Angst over Regulation Threats

France tried to reassure Britain on Thursday that its push for tougher financial regulation in the European Union would not undermine the City of London, saying new rules would not hurt anyone system in particular. Tensions between the two countries …

Bakker to Head Willis European Capital Markets, Advisory Unit

Willis Group Holdings announced that Michiel Bakker has been appointed Managing Director and Head of Europe for its Willis Capital Markets and Advisory unit, formed earlier this year to expand the broker’s capital markets and merger and acquisitions advisory services …

Louisiana Issues Additional Fines Against Marksville Agent and Agency

A Marksville, La., agent and her agency who was fined by the Louisiana Department of Insurance in November for allegedly allowing employees to conduct insurance business without a license has been fined again for similar alleged actions. Pamela Kay St. …

Miller Expands Corporate Risks Capability

London and Lloyd’s broker Miller Insurance Services Limited announced that it has strengthened its expertise for major corporate retail clients with the appointments of Kiran Nayee and Trevor Young to its team in London. Nayee joins Miller from Marsh UK …

Indiana’s Shepherd Insurance Acquires DeTrude & Company

Carmel, Ind.-based Shepherd Insurance Agency has acquired employee benefits services firm, DeTrude & Company. DeTrude & Company, also a central Indiana-based firm, was founded in 1980 by Keith DeTrude. Its client roster includes best-in-class businesses across all sectors, including top …

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