Aon Consulting announced that “opinion leader and industry veteran Dr. Ki Ryung (Charlie) Kim has joined the firm as Chief Executive Officer of Aon Consulting Korea.” Kim joined Aon on October 1. He is based in Seoul. He will lead …
Energy companies operating in the Gulf of Mexico shut in oil and natural gas production and a major gas hub was closed on Monday as Hurricane Ida spun toward the region. The Independence natural gas hub — the largest gas …
AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd on Monday, an initial hurdle for the French insurer’s bold ambitions to expand in Asia. AXA SA, Europe’s second-largest insurer it would raise …
One of the huge pine trees that surrounded Sieglinde Poegel’s home of 42 years crashed through the roof and landed in her living room during the ice storm that crippled much of the Northeast last December. “It sounded like I …
Global specialty insurer Torus has beefed up its onshore energy team with the appointments of Onshore Energy Underwriter, Amanda Ewen, and Risk Engineer, Mohammed Hanif. They are based in London, and will report to Torus’ Head of Global Onshore Energy, …
Fireman’s Fund Insurance Company’s entertainment division is broadening its appetite for music and live entertainment to insure the full range of musical artists and their specialized exposures. The Novato, Calif.-based company’s appetite now includes artists and bands in all genres …
Bermuda-based Validus Holdings reported net income of $499.2 million, or $5.21 per diluted common share for the three months ended September 30, 2009, compared with a net (loss) of ($126.3) million, or ($1.71) per diluted common share, for the three …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bahamas-based Royal Star Assurance Limited (RSA), both with stable outlooks. The ratings reflect” RSA’s solid risk-adjusted capitalization, favorable operating results and …
The U.S. House of Representatives narrowly endorsed Saturday the biggest healthcare overhaul in decades, giving President Barack Obama a crucial victory in a battle that now moves to the Senate. By a 220-215 vote, including the support of one Republican, …
American International Group Inc. tapped the U.S. government for another $2.1 billion to buy shares of its aircraft leasing arm, International Lease Finance Corp, or ILFC, the insurer said in a regulatory filing Friday. AIG, bailed out last year by …
