The Navigators Group Inc. has created an international defense costs policy for individual directors in the wake of developments in Australia and New Zealand. “In light of the recent Australian Institute of Company Directors (AICD) survey results and the recent …
According to catastrophe modeling firm AIR Worldwide, a red alert was issued for winds in Scotland and the Northern UK by the Met Office. As a result, AIR said “widespread structural damage” was likely; flood alerts for 12 rivers and …
Swiss Re’s Board of Directors announced that Stefan Lippe has decided to step down as CEO of Swiss Re in the course of 2012. The board also indicated it expects to name his successor soon. Walter Kielholz, Chairman of the …
Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela Andreussi. Terms of the transaction were not announced. …
Countries from around the globe agreed on Sunday to forge a new deal forcing all the biggest polluters for the first time to limit greenhouse gas emissions, but critics said the plan was too timid to slow global warming. A …
Liberty Syndicates Management, a member of Liberty Mutual Group, announced that Peter Sprent, an experienced political risk and trade credit underwriter, will be joining Liberty Syndicates at Lloyd’s to lead its Global Financial Risks team. Chief Underwriting Officer, Matthew Moore …
Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance business though a deal may be at least six months away, its chief executive told reporters late on …
The city of Charleston is now offering $50,000 for tips that lead to the arrest of whoever is responsible for a series of arsons during the past decade. There have been about 85 suspicious fires since 2000 in an area …
The relief organization Samaritan’s Purse last Friday turned over the keys of two homes rebuilt by volunteers eight months after they were destroyed by deadly tornadoes in Bertie County. Lucy “Pearl” Clemons, 72, had nothing more than a plastic patio …
