The Los Angeles Chapter of the CPCU Society has named Gerald J. Sullivan its Rie R. Sharp Insurance Person of the Year Award winner. According to the society, the award recognizes “an individual who has set a notewrothy example of …
ACE announced the appointment of Tom Hillier in the role of Corporate Casualty Manager for London, based in ACE’s Leadenhall Street office. He will report to Graeme McGeachie, Corporate P&C Underwriting Manager, Southern Region. ACE noted that the “appointment follows …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-” (Excellent) from’ B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of SGI CANADA Insurance Services Limited (SCISL). Best also upgraded the FSR to ‘A-‘ (Excellent) …
Marsh announced that it has reached an agreement with UDrive Solutions to offer its comprehensive range of driver and fleet assurance products on an exclusive basis, to Marsh’s clients, initially in the UK. Marsh explained that UDrive Solutions provides a …
Mississippi’s Lee County will spend more than $50,000 over the next three years on accident and life insurance for its 300-plus volunteer firefighters. The county’s 18 fire departments include only one — Tupelo — where every staffer is paid. Lee …
A $250,000 default judgment against Tippah County has been upheld by the Mississippi Supreme Court. The case was filed in 2007 by Daniel Childers of Ripley, who contended that his elbow was broken during an arrest by county deputies in …
American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche’s $7 million compensation, after it laid to rest concerns that he may quit …
The Professional Liability Underwriting Society (PLUS) has recognized Dr. William Feldhaus with the organization’s 2009 PLUS Founders Award. The Founders Award, which was presented at the group’s annual meeting in Chicago earlier this month, recognizes a member of PLUS who …
Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd’s of London for defense costs. Lloyd’s had advanced some legal fees under a directors and officers policy. But the insurer …
Lloyd’s and international insurer Beazley announced that underwriters placing business for the company now have access to the Lloyd’s Exchange. The processing system will enable them to “undertake electronic placing, endorsements and other market initiatives,” said the bulletin, adding that …
