Insurance rivals stand to reap the benefits from the woes of American International Group, snapping up assets AIG is forced to sell while gaining greater pricing power as AIG pulls in its claws. Zurich Financial Services and other insurance rivals …
Lockton announced that “Stephen Reid has agreed to join Lockton as Chief Operating Officer with responsibility for the Retail division in London which encompasses the Corporate Risk Solutions, Profin & Affinity operations.” He has extensive management and large retail client …
The Bermuda-based Catlin Group Limited announced that Michael Hansen has been appointed president of Catlin Canada Inc., based in the Calgary office. Hansen most recently served as vice president and Western regional manager for Catlin Canada in Calgary. He also …
According to a recently released report from Marsh, “insurance rates across most lines of business in the Europe, Middle East and Africa (EMEA) region continued to soften in the first half of 2008.” However, “the report also identified trends being …
Willis Group Holdings has announced that ” Glencairn, Hilb Rogal & Hobbs’ London-based operation,” will form the “cornerstone” of a “new third-party wholesale brokerage business,” upon completion of Willis’ planned combination with HRH in the fourth quarter (See IJ web …
Allied World Assurance Company Holdings has announced two senior management promotions. Frank D’Orazio has been named Chief Underwriting Officer of Allied World Assurance Company, its Bermuda insurance subsidiary, from his most recent position of Senior Vice President, Global Product Line …
Pete Garvey, current president of Integro Ltd., has assumed the additional responsibility of CEO for the insurance broker. Garvey succeeds Roger Egan, who has left the company. The company has not disclosed why he left. Garvey has served as president …
The final defendants to settle lawsuits over a 2003 nightclub fire that killed 100 people have agreed to pay survivors and victims’ relatives more than $250,000, according to court papers filed earlier this week. Seven insurance companies and the former …
A special report on the reinsurance industry from A.M. Best indicates that “the global reinsurance sector should remain profitable in 2008.” However, Best added that it “believes results will reflect more accurately market trends as margins are expected to moderate. …
Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd. He “will focus on strengthening Lloyd’s existing relationships and developing new ones within …
