Lloyd’s held a special service on July 2 to dedicate and unveil two new War Memorials commemorating Lloyd’s associates who lost their lives during the First and Second World Wars. The memorials, which were unveiled by Lloyd’s Chairman, Lord Levene, …
Boston-based AIR Worldwide Corporation (AIR) announced that Barbican Insurance Group has licensed its catastrophe risk management systems. Barbican trades as Lloyd’s Syndicate 1955 and writes a broad range of Property Direct & Facultative, Casualty Treaty, Marine Treaty and UK regional …
Willis Group Holdings Ltd , the No. 3 global insurance broker, won approval to buy rival Hilb Rogal & Hobbs Co, the Federal Trade Commission said Wednesday. Willis valued the cash and stock deal at $1.7 billion when it was …
A new survey, released by PricewaterhouseCoopers (PWC) London office, notes that although significant progress has been made by the insurance industry in adopting enterprise risk management (ERM) techniques, questions still remain concerning their effectiveness. PWC noted the “background of an …
Tokio Marine Holdings Inc. Japan’s largest non-life insurer, is looking at opportunities to acquire U.S. and European competitors as part of its overseas growth strategy, Chief Executive Shuzo Sumi said on Tuesday. “We have been focusing on emerging markets but …
Marsh has resurrected a name from the past with the announcement of the formation of Bowring Marsh as its specialist international placement broker for property (including terrorism) and casualty risks. Mark Gregory, currently UK head of Marsh’s Global Placement operations, …
Bermuda-based AXIS Capital Holdings Limited has appointed Michael Steel as Executive Vice President and Chief Risk Officer, a newly created position, effective July 1, 2008. He will be based AXIS’ London office and will report directly to John Charman, CEO …
A bulletin from Hiscox in London notes that “modern, contemporary and 19th century European art continues to see double digit growth despite global uncertainty. The value of modern and contemporary art has continued to see significant rises and has not …
New York will hire more minority- and women-owned debt underwriters, lawyers and risk managers and ease regulatory barriers that are “openly discriminating” against foreign reinsurers, Democratic Gov. David Paterson told reporters Thursday. Paterson, the state’s first black governor, who is …
Brian Martin, a partner in the law firm of Thompson, Coe, Cousins & Irons LLP, was installed as the 10th Chairman of the Insurance Law Section of the State Bar of Texas. Martin is a frequent contributor to Insurance Journal’s …
