Marsh’s London office announced that it has established an Insurance Regulatory & Tax Consulting Practice within the firm’s Global Risk Management Division, to be headed by Praveen Sharma. Marsh said: “The practice will provide multinational clients with support and information …
Lloyd’s asks: “How safe are cranes? And will the recent spate of accidents involving them increase rates for policyholders?” A major indication of a booming construction industry is the number of cranes that punctuate the skylines of cities from New …
Marsh’s London office announced that it has acquired the assets of The Nielsen-Wurster Group’s Construction Claims & Dispute Resolution business. “As part of the transaction, more than 30 Nielsen-Wurster professionals and staff will join Marsh, including Reza Nikain, president of …
The European Commission has proposed shaking up how the European Union’s insurance sector covers risk. Solvency II aims to protect policyholders better and spur competition in the 27-nation European Union while making more efficient use of capital in the industry. …
Specialty insurer The Navigators Group, Inc. reported that its Navigators Management Co. has launched a new umbrella business unit to be known as NAV PAC Umbrella and Excess. NAV PAC focuses on commercial accounts produced by retail insurance agents. Claudia …
Willis Group Holdings, the third largest global insurance broker, said Monday it sees its $2.1 billion deal for a rival broker boosting growth, especially in the United States. Willis said late Sunday it would buy Richmond, Virginia-based Hilb Rogal & …
Willis Group Holdings Ltd. announced that the company has agreed to buy Virginia-based rival Hilb Rogal & Hobbs Co., according to a statement late on Sunday. Willis said the $2.1 billion deal would double its “North American revenues and strengthen …
Aviva PLC, the UK’s largest Insurance group, announced plans on Friday, June 6, to slash up to 1,800 jobs at Norwich Union, its UK general insurance business, by the end of 2010 as part of a structural overhaul. Aviva said …
Sarah E. Barton has joined London American Risk Specialists Inc.’s Houston office as senior property and casualty broker. She brings with her 15 years of insurance experience on both the company and retail side. As a senior underwriting officer with …
Aon announced that environmental insurance specialist Simon Johnson, Ph.D., has joined the firm as director in the Aon Environmental Services Group, a unit of Aon Risk Services. He will be based in London, and will coordinate the delivery of the …
