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UK’s Evolution Secures Allianz Capacity for Additional 5 Years

Commercial underwriting specialist Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years. “The deal covers property, casualty, excess of loss and motor lines and ensures continued support for Evolution until at least …

Europe Freeze Kills 89; Fears Rise over Russian Gas

Record-low temperatures in parts of Eastern Europe pushed the death toll from Arctic conditions to at least 89 people on Wednesday, and have forced Russian gas provider Gazprom to warn over supplies to Europe. Europe had enjoyed a relatively mild …

Earnings Reports: ACE Limited

Q4 2011 Q4 2010 Gross premiums written $4.864bn $4.865 bn Full year – 2011 2010 $20.831 bn $19.511 bn Net premiums earned —- $3.831 bn $3.572 bn Full year – 2011 2010 $15.387 bn $13.504 bn Net income ——————– $750 …

Deadline Feb. 2 for Quake-Related Jobless Benefits in Virginia

People in five counties and the city of Fredericksburg who lost jobs as the result of a powerful Aug. 23 earthquake face a deadline this week. The Thursday deadline is to file for disaster unemployment assistance. Besides Fredericksburg, residents of …

Penn. Regulators Recovered $3.2M in Restitution for Consumers in 2011

The Pennsylvania Insurance Department said its office of market regulation completed 334 enforcement actions and market conduct examinations in 2011. In all, the department issued 141 orders and adjudications, collected more than $900,000 in penalties and fines and recovered $3.2 …

AMS RRG Launches Plastic and Aesthetic Surgery Program

AMS RRG will start offering new medical liability insurance coverage options specifically designed for plastic and aesthetic surgeons beginning this month. Dr. Harry K. Moon will lead the new program as specialty medical director for plastic and aesthetic surgery. He …

Wasington: 15 Counties Are Primary Natural Disaster Areas

The U.S. Agriculture Department has designated 15 Washington counties as primary natural disaster areas due to extreme weather conditions in the first seven months of 2011. Sen. Maria Cantwell says farmers in those areas are eligible to apply for USDA …

Chubb System Helps Expedite Clinical Trials in China and Brazil

An online system from Chubb Group of Insurance Cos. can now be used to instantly obtain specimen policy language for trials in many countries where ethics committees require the review of insurance contract terms and conditions. Life sciences companies can …

Idaho Gets $625K in Prescription Drug Case

Idaho is getting $625,000 in the settlement of a lawsuit with a prescription drug maker accused of selling products at false or inflated prices. Attorney General Lawrence Wasden announced the resolution Monday with Mylan Laboratories Inc. and Mylan Pharmaceuticals Inc. …

Chartis Acquires Warranty Services Provider Service Net

Chartis announced it has acquired Service Net Warranty LLC, an Indiana-based provider of warranty/extended service plan administration and claims services. Chartis will integrate Service Net into its U.S. Warranty Division, which currently services more than 75 million active contracts. Financial …

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