Bermuda-based Endurance Specialty Holdings Ltd announced that Rene Lamer will assume the role of Senior Vice President and Head of U.S. Property Catastrophe Treaty Reinsurance. He is a Bermuda citizen, and will continue to report to Stephen Young, Executive Vice …
According to catastrophe modeling firm AIR Worldwide’s Dr. Tim Doggett, even though hurricane Jova has weakened to a tropical depression, it’s still capable of causing further damage. “Jova’s slow speed raises the potential for heavy rainfall accumulations—especially in the higher …
Toronto-based Fairfax Financial, which raked in billions during the 2008 financial crisis by using market hedges, is once again a go-to stock for shaken investors. Although the company has been criticized by some for its opaqueness and complicated structure, its …
The company that makes the BlackBerry smart phone is working frantically to end a three-day global service disruption that has frustrated millions of its customers and pumped up pressure on its management to make sweeping changes. Research In Motion [RIM], …
Hurricane Jova flooded the streets of Mexico’s main Pacific port with torrential rain Wednesday, inundating popular beach resorts and killing at least four people in mudslides. While Jova ravaged the coast, a tropical depression to the southeast prompted thousands of …
Congress Wednesday approved long-delayed trade pacts with South Korea, Colombia and Panama that are expected to lift exports by about $13 billion a year and give U.S. employment a boost. Republicans and Democrats joined together in the House of Representatives …
The Hartford Financial Services Group, Inc., has made its AARP-branded auto insurance program available through United Valley Insurance in Fresno, Calif. The Hartford is offering the AARP-branded auto insurance program through select, authorized independent agents. These products were previously only …
ACE Tempest Re Group has appointed Tim Mardon as Division President of ACE Tempest Re Bermuda. He will have responsibility for all operating aspects of the company’s Bermuda-based property and casualty reinsurance business, including underwriting, finance, claims and administration, reporting …
National wholesaler and managing general agent USG Insurance Services Inc. has opened a satellite office in San Francisco, Calif. The launch of the San Francisco office is one of several in USG’s plan to expand operations on the west coast, …
NAS Insurance Services has launched a new program for medical billers and coders. NAS’ Medical Billers and Coders E&O includes: coverage for third party claims arising out of a wrongful act in the performance of or failure to perform medical …
