Standard & Poor’s Ratings Services will hold a telephone conference call today, Thursday, Sept. 18, 2008, at 3 p.m. Eastern Daylight Time to discuss the recent credit events shaking the financial institutions sector. The call will include discussions of “the …
American International Group Inc. may not sell assets for as much as it would like, as it scrambles to meet terms of its U.S. government bailout. The giant insurer narrowly avoided bankruptcy late Tuesday after the U.S. Federal Reserve agreed …
The Bermuda-based Catlin Group Limited announced that Michael Hansen has been appointed president of Catlin Canada Inc., based in the Calgary office. Hansen most recently served as vice president and Western regional manager for Catlin Canada in Calgary. He also …
“Canada’s property/casualty insurance sector is stable, but strong capitalization and profitability provide the ingredients for continued softening in the market,” indicates a new report from A.M. Best on the country’s insurance industry. Best also noted that “pricing is down across …
Tropical Storm Hanna blew ashore over tourist beaches on the North-South Carolina border early on Sept. 6 at the start of a projected dash up the Eastern Seaboard. The National Hurricane Center in Miami said Hanna’s center came on land …
American International Group sees China becoming a much larger part of its general insurance business within the next five years, Nicholas Walsh, executive vice-president of the foreign general insurance division, said Wednesday. Walsh, a 35-year veteran of the giant insurance …
The New York-based broker Integro has announced the promotion of two key executives in its Canadian division. Robert Dunn, Managing Principal and office leader for the Montreal office, becomes Chairman of Integro (Canada) Ltd. Mark Rankin, Managing Principal, has been …
Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and assumption of $170 million (£91 million) of Benfield net debt. The consideration represents a …
The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to …
Maple Leaf Foods Inc’s chief executive said Wednesday his company was fully accountable for an outbreak of listeriosis food poisoning, which has been linked to the deaths of 15 people in Canada. Michael McCain said food regulators or regulations were …
