A U.S. federal jury awarded DuPont $919.9 million in damages Wednesday, ruling that a South Korean company stole trade secrets for a fiber used to make Kevlar bulletproof vests. DuPont said the Richmond, Virginia, jury ordered Kolon Industries Inc. to …
The United States heaped the lion’s share of blame for the country’s biggest ever offshore oil spill on BP Wednesday as the government issued its final assessment of last year’s Gulf disaster. In a report that may be pivotal in …
Lloyd’s of London’s Syndicate 3500 filed a federal lawsuit against Saudi Arabia, several Saudi charity and financial organizations and prominent Saudi individuals over 9/11 terror attacks. The insurer said Saudi defendants bear primary responsibility for the attacks and should be …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …
Hub International Limited announced that it has entered into a definitive agreement to acquire the operations of Horizon Insurance, LP. , a full service insurance brokerage firm headquartered in Manitoba. The acquisition is expected to close in the third quarter …
Willis Group Holdings has announced the appointment of Seth Peller as CEO of Willis Argentina S.A., effective immediately. He is based in Willis’ Buenos Aires office, and takes over the leadership of one of Argentina’s largest insurance brokers. Willis has …
Allied World Assurance Company Holdings, AG announced that Institutional Shareholder Services (ISS), an independent proxy advisory service, has “issued a report recommending that shareholders of Allied World vote in favor of all of the proposals associated with the merger with …
Travelers London office announced that Richard Coello has been promoted to the role of Assistant General Manager responsible for Professional Risks for Travelers Insurance Company Ltd. He will be responsible for all aspects of professional and financial lines, including financial …
Lloyd’s announced that it has issued its first direct insurance policy in China through its fully owned subsidiary – Lloyd’s Insurance Company (China) Limited, in a move which “marks the next step in its strategy to become a major provider …
Catastrophe risk modeling firm AIR Worldwide has released updates to its Extratropical Cyclone and Earthquake Models for Europe. AIR said it had “significantly expanded” both models to include additional European countries and provide a “consistent and comprehensive assessment of the …
