American International Group has appointed Jim Dwane as the new president and CEO for its property/casualty business in Latin America and the Caribbean, effective immediately. He will be responsible for AIG’s insurance operations in the 15 countries in which its …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Germany’s Allianz Societas Europaea and its subsidiaries, as well as all of Allianz SE’s debt …
The latest report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, which reviews the natural disasters that occurred worldwide during June 2013, highlights the $22 billion in economic losses and the $5 billion insured loss …
Walgreen Co., the biggest U.S. drugstore chain, agreed to join with the largest federation of health insurers to promote the Affordable Care Act, lending a hand as the Obama administration strains to win over the public. The Blue Cross Blue …
Marjorie Chorlins, the U.S. Chamber of Commerce Senior Director for Europe, issued a statement itemizing the Chamber’s views on the opening round of negotiations between the U.S. and Europe for the Transatlantic Trade and Investment Partnership (TTIP). She made the …
As investigators try to piece together how a parked oil freight train broke free and demolished the heart of a small Quebec town last weekend, a barrage of litigation could soon be hitting everyone from the U.S. rail company to …
Taiwan told people to clear the seas as a storm with winds gusting as fast as 227 kilometers (141 miles) per hour loomed off its eastern coast. Typhoon Soulik, a severe typhoon, approached Taiwan at 22 kilometers per hour [app. …
XL Group plc announced its preliminary net loss estimate in the second quarter of 2013 of approximately $135 million relating to natural catastrophes. XL said the estimate is “pretax and net of reinsurance and reinstatement premiums,” and is “split approximately …
Natural gas began leaking on July 8 from an old, non-producing well at an oil and gas platform in the Gulf of Mexico about 75 miles off the Louisiana coast after a crew working to plug the well lost control …
Sandy Praeger, Commissioner of Insurance in Kansas, has named Steve O’Neil as Consumer Assistance Division director and LeAnn Crow and Elizabeth Fike as supervisors in the same area. Crow will serve as the division’s property/casualty supervisor, and Fike as the …
