Mick Summersgill, who previously headed Zurich’s UK run-off operations, has joined Ernst & Young as a director of the accounting firm’s recently created insurance run-off team. “Mick will be instrumental in developing the team’s strategic restructuring proposition as well as …
Fortunately no deaths have been reported from the strong earthquake – estimated at magnitude 6.1 by the USGS – which shook Iceland last Thursday. However, an anlysis by Risk Management Solutions indicates that there was light to moderate damage to …
A federal appeals court is scheduled to hear arguments in a lawsuit brought by a Brandon, Mississippi nursing home that contends its insurer has no legal grounds to back out of defending it in a wrongful death case. The insurer, …
Markel Corp.’s Board of Directors elected Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel served Markel Corp. for more than 40 years, most recently as president and chief operating officer since 1992. …
Quake Shatters China’s Sichuan Province; Willis Shows Off New London Headquarters; AIG Wins One, Loses One After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire Insurance Australia Group Limited (IAG), following the decision of …
The UK’s Chartered Insurance Institute (CII) announced that “a solar oven made from a single piece of reflective plastic won first prize in the CII’s Big Idea competition.” John Tilleman from Brown University picked up the £20,000 ($39,318) prize at …
Mike Driscoll joined Crump Insurance Services’ wholesale brokerage division as a vice president – broker in the Houston property group. Driscoll comes to Crump from London American Risk Specialists, a surplus lines broker/MGA, where he served as executive vice president …
Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading. RBS, Britain’s second-largest bank, had been expected to …
Each April, weather wizard William Gray emerges from his burrow deep in the Rocky Mountains to offer his forecast for the six-month hurricane season that starts June 1. And the news media are there, breathlessly awaiting his every word. It’s …
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and the issuer credit rating of “bbb-” of Inter-Industry Insurance Company Limited (III), which is based on the Isle of Man, and its wholly owned subsidiary, Insurco Ltd. …
