According to catastrophe modeling firm AIR Worldwide, after crossing over more than 350 kilometers [219 miles] of the main Japanese island of Honshu, Typhoon Roke, the 15th named storm of the 2011 Northwest Pacific typhoon season, has moved out to …
Willis Group Holdings plc announced that Mark Wilford, currently Director of Risk at Rolls-Royce Group plc, has been appointed Chairman of the Willis Global Aerospace division, effective January 1, 2012. He will be based in London and will report to …
Lloyd’s announced that its outgoing Chairman, Lord Peter Levene, who steps down on October 12, is “to receive a rarely-struck Gold Medal to mark his contribution to Lloyd’s during his nine years as Chairman.” The Council of Lloyd’s announced the …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., will urge insureds and insurers to “look at the bigger picture as cat events become more complex,” at its 12th Hazards Conference in Surfers Paradise, near Sydney, Australia …
Joe Plumeri, the Chairman and CEO of Willis Group Holdings, told more than 100 leading Asian CEOs’ that ‘insurance is not just about coverage and claims, but is about security and survival’ at the KPMG ‘Captains of Industry’ lunch hosted …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of the property/casualty subsidiaries of the holding company, XL Group plc, which is based in Dublin, Ireland, and is led …
Lloyd’s of London reported the largest first half loss in its 323 year history yesterday, Sept. 21 – £697 million, or over $1 billion. However, Lloyd’s Chief Financial Officer, Luke Savage, was relatively calm when he spoke with the IJ …
Public adjusters would have more access to homeowners in the immediate aftermath of a storm if the Florida Supreme Court rules Florida’s current public adjuster law unconstitutional. The Florida Supreme Court recently heard oral arguments in the case of Atwater …
Wells Publishing Inc. announces the launch of Claims Journal magazine, a quarterly publication targeting claims professionals in the property/casualty insurance industry. The new magazine, scheduled to launch the first quarter of 2012, is an offshoot of the popular website ClaimsJournal.com …
The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom. But with large parts of the world in financial crisis, ending the time when a rising global …
