General Motors Co. will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that led to the recall of 2.6 million vehicles, a U.S. bankruptcy judge ruled on Wednesday. GM had argued it was protected …
Willis Group Holdings has confirmed Rafal Walkiewicz and Michael Guo as co-CEOs to lead Willis Capital Markets & Advisory (WCMA), the firm’s insurance investment banking business. They will succeed Tony Ursano, who has led WCMA since 2009. “WCMA advises clients …
Independent insurance broker network Brokerslink announced that it has “restructured its Board of Directors to drive growth and revenue generation following its change from a not-for-profit association to a for-profit global broking company.” The group’s premiums and consulting fees are …
Willis Group Holdings announced the appointment, effective immediately, of Seth Peller as Global CEO of its Fine Art, Jewelry and Specie (FAJS) division. From his base in London, Peller will lead FAJS teams in the UK, US and worldwide. “He …
Arthur J. Gallagher announced that Stuart Reid will join Arthur J. Gallagher’s international brokerage operation as CEO for UK Retail. Reid will take up the position at Arthur J. Gallagher later this year, subject to regulatory approval, and will use …
Catastrophe bond issuance for the first quarter reached a record $1.7 billion – higher than any other first quarter issuance in the history of the insurance linked securities sector (ILS), according to a report published by Aon Benfield Securities, the …
Validus Reaseguros, Inc. (VRI), a part of Validus Reinsurance, Ltd. focused on the Latin American and Caribbean markets, has promoted Alejandro Salamanca in its Miami office. Salamanca, currently an underwriter in the Miami office working in the Treaty Department, has …
K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a new program offering off-track physical damage coverage for competition vehicles via the web. The program, accessible through K&K’s newest insurance website, www.motorsportsinsurance-kk.com, provides agents with the ability to …
Duke Energy received a delay Tuesday in pleading guilty to environmental crimes after the company raised the specter that bureaucratic red tape could result in power being cut to military bases across North Carolina. U.S. District Judge Malcolm Howard approved …
Two environmental groups claim toxic pollution from a Gallatin, Tenn., power plant is seeping into the Cumberland River and state regulators are not doing enough to stop it. The allegations are part of a lawsuit filed in federal court on …
