Aon Risk Solutions, the global risk management arm of Aon Corp., appointed John Willett as the national industry practice leader. Most recently, Willett served as managing director for Aon’s New England office. In his new position, Willett will oversee several …
Catastrophe modeling firm AIR Worldwide estimates that insured losses to onshore properties in the Philippines from Super Typhoon Megi will likely be less than 6.5 billion Philippine pesos ($150 million. AIR said its “loss estimates reflect insured damage to property …
Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement gave the following details for each of …
Although Florida’s next chief financial officer will take charge during one of the rockiest times in the state’s financial history, the race has received little attention amid higher-profile races for the U.S. Senate and governor. Florida Senate President Jeff Atwater, …
Insurer Suits “We are expected to be one of several insurance companies that are taking this action.” —Allstate spokeswoman Christina Loznicka after Allstate Insurance Co. announced it had sued Toyota Motor Corp., seeking to recover more than $3 million the …
Hundreds of wary residents fled coastal villages as emergency officials prepared for a powerful typhoon roaring toward the northeastern Philippines on Sunday. Typhoon Megi, the strongest of 10 storms so far to have affected the country this year, had sustained …
The IPO of American International Group Inc’s Asian life insurance unit is set to command a valuation above the mid-point of an indicative range as attractive valuations draw in investors to the world’s second-largest float this year. Bailed out insurer …
France will start talks on overhauling the global monetary system during its G20 presidency to improve policy coordination and stem capital flows distorting exchange rates, Economy Minister Christine Lagarde said Thursday. France will take over the chair of the Group …
Dry conditions in at least some parts of the state coupled with a long-range forecast calling for a significant drying cycle threaten a potentially severe wildfire season, Florida Agriculture and Consumer Services Commissioner Charles H. Bronson said today. The culprits …
American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The Hong Kong-based company plans to raise …
