A New London woman and Lawrence & Memorial Hospital have settled a lawsuit in which the woman claimed the hospital failed to properly diagnose and treat her mother after she contracted the flesh-eating bacteria. An attorney for Bianca Nardi tells …
Cooper Gay, the independent global wholesale, reinsurance and specialist retail insurance broker, has appointed Alan Abel as head of broking and director of its non-marine division. He is based in London, but will also cover global operations. Abel will be …
Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft market provided little scope for premium increases. “Plenty …
A Connecticut bar has agreed to pay a $5,000 fine and have its license suspended for 10 days for serving two customers who were killed in a motorcycle crash after leaving the tavern. John Suchy, director of the state Liquor …
Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized in May and released on Monday. Here are details …
Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB+’ senior debt, preliminary ‘BBB’ subordinated debt, preliminary ‘BBB-‘ junior subordinated debt, and preliminary ‘BBB-‘ preferred stock ratings to Aspen Insurance Holdings Ltd.’s recently filed universal shelf registration program. The ratings …
Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial problems, in the first major government legal action stemming from the Wall Street company’s 2008 downfall. The civil fraud case …
Catlin Group Limited announced that, “based on total insured losses from the New Zealand earthquake of US$5.5 billion to US$6 billion, its loss amounts are approximately US$45 million, net of reinsurance and reinstatements. The revised estimate increases Catlin’s previous exposure …
Global specialty insurer Torus announced the appointment of Jason Mortimer as European Client Relationship and Business Development Director. He formerly headed European Property operations. Mortimer will now direct client and broker relationship development across continental Europe. He joined Torus as …
Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Switzerland-based Catlin Re Switzerland (CRCH), a new insurance entity created as a subsidiary to Catlin Insurance Co. Ltd. (CICL; A/Stable). The outlook is stable. …
