The Bermuda-based Argo Group International Holdings, Ltd. (the successor company of the Argonaut Group) announced a record result for 2009 with net income rising by 87 percent to $117.5 million, or $3.81 per diluted share from $62.9 million or $2.05 …
First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due to problems with the accelerator …
Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …
Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three major operating units – PartnerRe North America (formerly known as PartnerRe U.S.), …
Honda Motor Co. is adding 437,000 vehicles to its 15-month-old global recall for faulty air bags in the latest quality problem to hit a Japanese automaker. The company will replace the driver’s side air bag inflator in the cars because …
Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit increase in the fourth …
A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head Pascal Lamy said on Tuesday. A summit of leaders from the …
As state legislators across the United States enact laws that ban phoning or texting while driving, a new study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in four U.S. jurisdictions …
As state legislators enact laws that ban phoning and/or texting while driving, a new study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in four U.S. jurisdictions before and after such …
$12 Billion Hurricane Ike, which struck Galveston on Sept. 13, 2008, is so far the costliest weather catastrophe in Texas history, racking up nearly $12 billion in windstorm and flood insurance claims. Windstorm claims in Texas resulting from Ike totaled …
