Despite a soft insurance market, Willis Group Holdings Limited reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended June 30, 2008. However, Willis reported net income of $39 …
Max Capital Group Ltd. reports it has agreed to acquire Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Co. Limited (“Imagine”). The agreement also includes the acquisition of Imagine Lloyd’s operations in Denmark and Japan. The total …
A terrorism alert system installed in thousands of merchant ships after the September 11, 2001 attacks is flawed because it does not immediately notify local security authorities of an attack, said a report on the system. The Ship Security Alert …
Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
Willis Group Holdings Ltd. reported a drop in net income for the first quarter, but said revenues from commissions and fees grew. Net income for the third largest insurance broker was $166 million, or $1.16 a share, down from $169 …
More than two dozen tornadoes tore through the mid-South late on Feb. 5, destroying homes, barns, and industrial buildings from Texas to Ohio. The severe thunderstorm outbreak, which included tornadoes, hail, heavy rain and lightning, killed nearly 60 people and …
Risk Management Solutions (RMS) announced the launch of “the first parametric index for assessing insured industry losses from windstorms in Europe.” The new model -” Paradex Europe Windstorm” – combines “wind speed measurements in specific locations with industry exposure data, …
As victims, emergency officials and insurance adjusters picked through the remnants of Tennessee homes destroyed by last week’s fatal storms, a better estimate of the extent of damage across the state has been reached. In Macon County, search and rescue …
Zurich Financial Services Group announced that it will expand its services for corporate customers in Norway and Denmark through the establishment of two new branches of Zurich Insurance Ireland Limited (ZIIL), its principal subsidiary for the European Union. ZIIL, which …
Dublin-based Research and Markets has added “Insurance in Europe” to their offering. The study gives an industry profile, which R&M describes as “an essential resource for top-level data and analysis covering the insurance industry. It includes detailed data on market …
