According to a report from Marsh’s London office, “deteriorating economic conditions and a subsequent rise in company insolvencies will increase the number of claims against accountants and auditor firms.” The situation could also mean a change in the present soft …
Bermuda’s XL Capital has issued a statement commenting on market rumors concerning its financial condition. The Company’s statement said that, “while it is generally not XL Capital Ltd’s policy to comment on market rumors,” it believes that in the “current …
European leaders moved towards agreement on Friday on a multi-billion dollar plan to tackle the global recession and a climate change plan amended to limit impact on struggling industries. Green groups warned that the European Union could forfeit its credibility …
American International Underwriters (AIU), the ), the international property/casualty insurance organization of American International Group, Inc. (AIG), announced a number of executive appointments. Ralph Mucerino, senior vice president of American International Group, Inc. and president, AIG Global Marine & Energy, …
Scientists from the Willis Research Network (WRN), part of Willis Group Holdings Limited, have outlined groundbreaking new research on future hurricane activity and storm clustering in a presentation at Willis London headquarters. The new techniques include the “unparalleled use of …
Crump Insurance Services has added Babs Driscoll as broker in its Houston, Texas, office and Camille Wilkerson as associate broker in Austin. Driscoll works in the property and inland marine brokerage and underwrites property/package accounts for MGA markets. Most recently …
At their most recent conference in London, Swiss Re’s economists predicted a “severe recession until mid 2009 in industrialized economies, including the United States and Europe.” They also expect that there will be slower growth in emerging markets, “but not …
Britain and Ireland warned consumers Sunday not to eat any Irish pork products after tests revealed they may be contaminated with toxic dioxins. The Irish government has ordered a recall of all domestic pork products from shops, restaurants and food …
In his keynote address to the UK’s Association of Insurance and Risk Managers (AIRMIC) Joe Plumeri, Chairman and CEO of Willis Group Holdings, said that risk managers have never been more important than they are today in helping their companies …
Marsh’s London office has issued a warning that companies that use chemical substances in the European Union (EU) could risk insurance implications “associated with their failure to adhere to the EU’s Registration, Evaluation and Authorisation of Chemicals (REACH) implementation framework.” …
