The Bermuda-based Catlin Group Limited announced that a team of three British explorers has commenced a vital scientific expedition to the North Geographic Pole. They hope to help establish how long the sea ice floating in the Arctic Ocean will …
Hiscox is now offering inland marine insurance to the U.S. market and has hired Steve Silverman to lead this initiative. Hiscox said it will be underwriting both individual risks inland marine risks and programs. Steve Silverman, vice president, joined Hiscox …
Toronto-based Kingsway Financial Services Inc. said Friday its quarterly loss came in even deeper than it had estimated a week ago, leading the company to chop its dividend and sending its shares 15 percent lower. The loss — three times …
Burnett Holdings, QBE New Orleans-headquartered insurance wholesaler Burnett Holdings Inc. (Burnett) was acquired by QBE Holdings Inc. (QBE), part of Sydney, Australia-based QBE Insurance Group, effective Dec. 31, 2008. The company will continue to operate under the name of Burnett …
Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday. AIG Edison Life …
Russia will likely see more forest fires, droughts and floods in the coming century due to global warming, and policy makers need to prepare for large-scale change, scientists warned in a report released Wednesday. It also said Russia, famous for …
Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …
A century ago, at the dawn of food safety laws, inspection amounted to little more than opening a bin of flour and looking for something wiggly. It’s a different story now. Solving the case of the poison processed peanuts took …
Marsh & McLennan Companies Inc. reported profits were up 4 percent for the full year 2008, but fourth quarter revenue was down some 9 percent over the previous year’s quarter. In the fourth quarter 2008, consolidated revenue was $2.7 billion, …
Property and casualty insurer Kingsway Financial Services Inc. in Toronto warned on Monday that it expects to report a “material” quarterly loss and that it will try to shore up its finances by selling non-core assets and restructuring. Kingsway, which …
