Australia News

Australian Navy Warships Thwart Pirate Attack off Yemen

The Australian navy thwarted an attack by pirates on two merchant ships in the dangerous waters off Yemen, Australian defense officials said Monday. Crew members aboard the MV Dubai Princess raised distress signals Sunday night, claiming pirates were attacking their …

People

QBE Regional Insurance recently added Charles Valinotti and Mike Bondura to its leadership team headquartered in Sun Prairie, Wis. Valinotti, senior vice president of Personal Lines, oversees personal property and casualty insurance offerings for QBE Regional’s four subsidiaries. His diverse …

Australian Broker Association Opposes High Insurance Premium Taxes

The National Insurance Brokers Association (NIBA) has issued a “Discussion Paper,” outlining the reasons for its opposition to the high taxes imposed on insurance transactions in Australia. The NIBA is the country’s independent industry association, which represents 500 insurance brokerage …

U.K.’s Marketform Group Launches Five New Classes of Business

The London-based Marketform Group Limited, a leading market for non-US medical malpractice and other specialty lines, has announced that it is now underwriting five new classes of business. Chairman Holly Bellingham described the new lines as a natural progression following …

Insurance Information and Highway Safety Execs to Speak in Texas

Dr. Bob Hartwig, president of the Insurance Information Institute will share his thoughts on the state of the insurance industry and Adrian Lund, president of the Insurance Institute for Highway Safety, will explain the effectiveness of crash tests in promoting …

Study Links Wildfires in Sierra to Climate Change

A warming climate will fuel larger, more frequent wildfires in the Sierra Nevada and other parts of the West, and the fires will contribute to climate change, according to a new study. More than 20 international scientists, in the report …

Best Affirms QBE Re (U.S.) ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based QBE Re Group (U.S.) and its members. The rating actions apply to QBE Reinsurance Corporation, QBE Insurance Corporation …

QBE Regional Insurance Adds Two to Leadership Team in Wisconsin

QBE Regional Insurance recently added Charles Valinotti and Mike Bondura to its leadership team headquartered in Sun Prairie, Wis. Valinotti, senior vice president of Personal Lines, oversees personal property and casualty insurance offerings for QBE Regional’s four subsidiaries. His diverse …

Xchanging Expands Abroad after London Success

“We’ve experienced good growth over the last ten years, and we’re looking to expand further,” said Stewart McCulloch, head of UK and insurance operations for London-based service provider Xchanging. That’s something of an understatement. The company might best be described …

West Virginia Beauty Queen Wins $7.2 Million Over Bogus Sex Videos

A former Miss West Virginia has won a $7.2 million verdict against nine Internet companies that tried to sell pornographic videos they falsely claimed featured her. A jury in U.S. District Court in Clarksburg last week ordered each defendant to …