Boston-based AIR Worldwide Corporation has expanded and relocated its London office. “The new space, which is more than twice the size of AIR’s previous London office, is designed to accommodate the increase in AIR’s London-based staff,” said the bulletin. “AIR …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …
Australian investigators were focusing on the possibility that an oxygen cylinder could have exploded in mid-flight on the Qantas jumbo jet that made an emergency landing in the Philippines with a giant hole in its fuselage, officials said Sunday. Australia’s …
The wife of a man who faked his own drowning death in a 250,000-pound (US $500,000) insurance scam was convicted of fraud in Britain this week. A jury found Anne Darwin guilty of six counts of fraud and nine counts …
Amlin, a leading Lloyd’s insurer, plans to open an office in Chicago. Amlin Illinois Inc, will work within the existing Lloyd’s infrastructure, utilizing the Lloyd’s licence in Illinois to write admitted business which may not otherwise reach the London market. …
Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 …
A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have risen. The dearth of activity is …
The Willis Building, a landmark new London headquarters for global insurance broker Willis Group Holdings, will be officially opened today, July 21, by His Royal Highness, The Duke of York, otherwise known as Prince Andrew. Designed by Foster + Partners, …
Indiana Insurance, a Liberty Mutual Agency Markets regional company, appointed Jessica M. Frankovich as Inland Marine underwriting manager. Frankovich will be based in Indiana Insurance’s Illinois regional office and will manage and grow the company’s Inland Marine book of business. …
John and Anne Darwin were in trouble. Of that there is no doubt. But their plan for putting things right went extraordinarily wrong. Swamped by money problems and facing ruin, John Darwin cooked up a novel scheme early in 2002. …
