Pressures that could harden the property/casualty insurance market loom in the final weeks of 2008, says a report by the insurance broker Lockton. “In the first half of 2008 insurer profits declined 57 percent, the industry posted its worst first-half …
Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently chairman of Willis Energy. Prior to joining Willis in …
Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation — something that most other nations already have …
ACE Limited has followed up its move to Zurich, Switzerland, as part of the redomestication of the Group’s holding company (See IJ web site – https://www.insurancejournal.com/news/international/2008/07/22/92074.htm), by taking the additional step of founding a new Swiss insurance company. The new …
A bulletin from Aon’s London office concerning mergers and acquisitions states that “sellers are facing a new hurdle as buyers are increasingly seeking to recover damages for financial discrepancies on the cusp of completion.” Aon said there had been a …
XL Insurance, the global insurance operations of XL Capital, announced from London the appointment of Neil Robertson as head of its global Equine operation, and Ian Hull as Equine Underwriter in London. “The Equine team has specialist equine underwriters in …
Faber & Dumas, the newly formed third-party wholesale brokerage division of Willis Group Holdings, announced that three additional Willis specialty businesses – Fine Art, Jewelry & Specie (FAJS), Special Contingency Risks (SCR) and Hughes-Gibb – have joined Glencairn under the …
Willis Group Holdings announced the appointment of Philip Reynolds as an advisor to its Property Investors Division. Starting in 1995, he “created and built the Royal & SunAlliance (RSA) Property Investors Unit into the industry-leading provider of insurance solutions for …
Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives. Federal regulation in the United States — something that most …
Somali pirates have captured a fully laden Saudi supertanker far off east Africa, seizing the biggest vessel ever hijacked with a cargo of oil worth over $100 million in an attack that pushed world crude prices higher. The U.S. Fifth …
