Berkshire Hathaway said Wednesday that it had completed the acquisition of 80 percent of Iscar Metalworking Companies. Berkshire announced in May that it would pay $4 billion for the stake in the privately held Israeli company, which makes metal cutting …
In a step that is being applauded by insurance brokers, Reps. Ginny Brown-Waite, R-FL, and Dennis Moore, D-KS, have introduced federal legislation requiring states to establish a uniform system of regulation for the surplus lines industry. The new bill is …
Phyllis R. Austin has been named Crawford & Co. senior vice president of human resources, according to Tom Crawford, president and CEO. Austin assumed the position April 24 when Bill Beach, former head of human resources, assumed leadership of Crawford’s …
Carol Sipe has been named vice president and general manager of operations; Francis “Fran” Graham has been named Southeast director of sales; and Chris Neyrey has been named Southwest director of sales and agency relations of the Lakeland, Fla.-based Summit, …
Carol Sipe has been named vice president and general manager of operations; Francis “Fran” Graham has been named Southeast director of sales; and Chris Neyrey has been named Southwest director of sales and agency relations of the Lakeland, Fla.-based Summit, …
Maurice “Chico” Sabbah, a Greensboro, N.C. businessman and philanthropist whose risk-sharing insurance company had to pay more than $400 million to settle a lawsuit stemming from the Sept. 11, 2001, terrorist attacks, died this week at the age of 77, …
The Generali Group announced impressive preliminary results for 2005 and an ambitious growth plan at a general meeting yesterday, March 6, in Milan. 2005 profits rose 15 percent to €1.918 billion ($2.3 billion). The Group also announced a series of …
On any given day, hedge funds account for more than half of the daily volume on the New York Stock Exchange and have an equally large presence in every other financial market. This growing industry is currently comprised of an …
Three elected representatives from New York joined with a leading homeowner’s insurance company last week in a call for increased government involvement in providing reinsurance for catastrophes. Congressman Steve Israel (D-N.Y. 02), Congresswoman Carolyn McCarthy (D-N.Y. 4th), both members of …
Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …
