The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011. Donelon is presently serving on the Executive Committee of the NAIC and is chairman of its Surplus Lines Task Force. He will …
Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …
China’s insurance regulator has cleared the way to let the country’s insurers invest billions of capital in Canadian financial markets, the Canadian government said on Friday. The move, the latest sign of improved trade and financial relations between the two …
The United States and South Korea are working to resolve beef and auto trade issues blocking U.S. congressional approval of a free trade agreement while President Barack Obama is in Seoul for the Group of 20 summit. An announcement is …
Insurance broker Marsh’s revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh’s revenue growth in the United States / Canada was 3 percent in the quarter; international operations rose 2 percent, reflecting growth of 4 …
Low interest rates and write downs are expected to lead to another messy quarter for Canada’s insurers, but recent stock market strength means the profit picture should be brighter than last quarter’s weak results. And, with expectations modest for the …
Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and overabundance of capacity continue to define the commercial …
German insurer Allianz has tapped Britain’s largest private pension fund and one that invests the pensions of Canada’s Mounties to make a joint bid for Britain’s sole high-speed railway, sources said. Final bids were due on Friday for the 186-mph …
Health care reform has spawned a host of privacy, information security and other liability exposures for the emerging healthcare information technology industry. In response, the Chubb Group of Insurance Companies has established a program to address the industry’s specialized risk …
Higginbotham & Associates has appointed Walker Steward a vice president in its Austin office. Steward is a commercial property/casualty insurance agent with experience in brokerage and sales. He brings with him an established client roster. Steward was most recently an …
