Richmond, Va.-based specialty insurer Markel Corp. reported that its 2007 combined ratio was 88 percent compared to 87 percent in 2006. Comprehensive income for 2007 was $337.0 million compared to $550.8 million in 2006. Gross written premiums for the year …
Environmental groups have sued Shell Oil Co. and several of its affiliates, claiming the oil giant has for years released pollutants from its suburban Houston refinery that are well above state and federal limits. In their federal lawsuit, the Sierra …
Ironshore Holdings (U.S.) Inc. has completed the acquisition of TIG Specialty Insurance Co., a U.S.-based excess and surplus lines insurance company, from TIG Insurance Co. Subject to regulatory name change approval, the company will be renamed Ironshore Specialty Insurance Co. …
Through a subsidiary, Brown & Brown Inc. has acquired Tecumseh, Okla.-based Turner & Associates Insurance Agency Inc., the companies announced. Turner & Associates, with annualized revenue of approximately $1.7 million, specializes in the insurance needs of the oil and gas …
Lloyds’s insurer, Marketform Group Limited, which specilizes in non-US medical malpractice and other specialty lines, announced that American Financial Group Inc. (AFG) is to become the majority shareholder in its business, increasing the Company’s presence as an international specialist insurer. …
The Texas Surplus Lines Association Inc. elected new officers and directors at its 51st Annual Meeting held Nov. 12, 2007, at the Four Seasons Hotel in Austin: The new officers are: President Lana Parks, president of The Parks Group Inc., …
Markel Global Marine & Energy Inc. (MGME) announced the planned expansion of the company’s product offerings through a new Onshore Energy Casualty Department. The new department will be open January 2008. MGME’s new Onshore Casualty Department will be headed by …
Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier US, its Hartford-based subsidiary, has completed the purchase of a US Excess & Surplus lines insurance company after receiving regulatory approval from the Oklahoma Department of Insurance. “The agreement, which was first …
Usually it’s a lot quieter this time of year at The Lost Colony Building in Roanoke Island, N.C., where the business of the nation’s longest-running outdoor drama is administered. But everyone has been on overdrive to recover from the devastating …
Marsh announced from its London office that it has launched a Global Events Practice to provide risk and insurance solutions to sports and events clients worldwide. It’s to be led by Global Events Practice Leader Warren Harper, and “will provide …
