The Atlantic hurricane season opened with empty seas and low expectations as two storms raged off the western coast of Mexico, where they will almost certainly stay. Hurricane Andres, which formed last week and grew into a major Category 4 …
AXIS Capital Holdings Ltd. and PartnerRe Ltd. have scheduled special shareholder meetings to vote on the proposed merger of AXIS Capital and PartnerRe. AXIS Capital’s special meeting of shareholders in connection with the proposed merger will be held on July …
Alpha Natural Resources Inc. no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said last Friday. State …
Overland Park, Kan.-based MutualAid eXchange (MAX) named Lisa Bage as its new chief operating officer. She will direct the enterprise’s sales, marketing and underwriting operations. Bage comes to MAX enterprise from Bankers Insurance of St. Petersburg, Fla., where she was …
Marsh announced it has reached a definitive agreement to acquire SME Insurance Services (SMEi), a UK independent broker which provides specialist commercial insurance to small and medium-sized enterprises. Terms of the transaction, which is expected to close in the third …
General Insurance Corporation of India (GIC Re), the sole Indian Reinsurer, announced that it has earned a profit before tax of $455 million during the year 2014-15 with a growth of 22.75 percent. The profit after tax would be $434 …
Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M. Best. The availability of alternative capital in the …
Rescuers in central China are scrambling to find survivors from a cruise ship carrying more than 400 people that overturned in the Yangtze river Monday night, as confirmation of passenger deaths begin to emerge. Five bodies were found and 12 …
A private corporation that runs the University of Central Florida’s athletic program won’t have to pay $10 million to the family of a football player who died during practice, the Florida Supreme Court ruled May 28. The court ruled the …
A West Virginia woman who purchased flooring from Lumber Liquidators is suing the company, citing reports its Chinese-made laminate flooring contains high levels of the carcinogen formaldehyde. Genevieve Baldwin filed suit in U.S. District Court in Wheeling based on a …
