As rescue workers continue to search for the dead and missing, and London begins the long slow process of recovery from yesterday’s devastating bomb blasts that killed at least 37 people and injured over 700, the Association of British Insurers …
Hub International Limited announced it has opened a Building and Design Risk Division based at its New York subsidiary, Hub International Northeast Limited. The group, created to expand HUB Northeast’s “construction and design” product offerings, will be led by David …
Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in terrorism coverage around the world. Nearly …
Commerce Insurance Services, a wholly-owned subsidiary of Commerce Bancorp, Inc., has entered into an agreement to acquire BK International Insurance Brokers, Ltd., headquartered in Greenwich, Connecticut. The acquisition will complement Commerce Bank’s expansion into Connecticut, where it will open its …
Lockton Insurance Brokers Inc. appointed Scott Ferguson as vice president. He will be responsible for developing business with large middle market accounts, focusing on retail, manufacturing and construction. Ferguson’s experience in commercial insurance spans over 16 years, working on both …
ACE Tempest Reinsurance Ltd., the ACE Group’s Bermuda-based property and specialty catastrophe reinsurer, has announced the appointment of Guy Swayne to the position of Chief Underwriting Officer,-International. He will report to ACE Tempest Re President Andreas Lewin and will assume …
Fitch Ratings announced that it has affirmed and removed from Rating Watch Negative the ‘AA’ insurer financial strength (IFS) rating of most of ING Verzekeringen N.V.’s (INV) U.S.-based insurance operating subsidiaries (ING-US). Fitch also affirmed its long-term ratings on INV …
Insurance Australia Group announced that it has agreed to purchase a stake in Royal and SunAlliance (Thailand) Ltd. the country’s second largest insurer. Neither the size of the stake nor the purchase price were disclosed. The move is IAG’s second …
A.M. Best Co. announced that it has upgraded the financial strength rating of the U.K.-based QBE International Insurance Limited (QIIL) to “A” (Excellent) from “A-” (Excellent) and the issuer credit rating to “a+” from “a-“. The outlook for both ratings …
Gold Seal Risk Management Services (www.goldsealcorp.com), formed in Australia in 1995 to provide risk management and advisory consulting services to general insurance intermediaries, has expanded its services to the United States. The American company operates under the name Gold Seal …
