The Obama administration Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars. The lawsuit seeks damages from the …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation announced the appointment of Jing Ping Zhang as Head of Facultative for the firm’s China operations. He will be responsible for “building the facultative team, driving strategy and …
ACE has opened larger premises in Watford, England to meet the growing demands and needs of local brokers. The availability of its suite of specialist multi-line products such as ACE Hotel, ACE Retail and ACE Evolve for mid-corporate multinational businesses, …
Two insurance groups are joining to improve the skills of those helping troubled insurers recover assets and those going after people who defraud insurance companies. Members of the International Association of Insurance Receivers (IAIR) and the International Association for Asset …
More musical chairs in London as Marsh announced that Andrew Tunnicliffe is to rejoin the firm as UK Head of Marsh Risk Consulting. He was previously a managing director at Marsh, before he moved to Aon Global Risk Consulting, where …
London-based underwriting agency Torus Executive Risks (TER), the joint venture between global specialty insurer Torus and Nexus Underwriting Management Ltd., has appointed Michael Kofi-Sikah as Senior Financial Lines Underwriter. He joins TER from Liberty Mutual Insurance Europe where he was …
“Water scarcity is a pressing problem around the world – and not just in countries that have an arid climate,” warned Lloyd’s in its latest 360 Risk Insight report. “Water is a critical resource in mature economies, as a commodity …
A French court on Monday found Continental Airlines and a mechanic at the airline guilty of involuntary manslaughter for their role in the 2000 Concorde crash that spelled the end of the supersonic airliner. The airline, now United Continental Holdings …
NSM, Ideal Philadelphia-based program administrator NSM Insurance Group has acquired IDEAL Marine Insurance, a Chicago-based is a program specialist focused on non-construction, ocean and inland marine risks. Geof McKernan, CEO of NSM, said the company is “aggressively seeking specialty underwriting …
Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and implements strategic programs and best practices at the Austin branch …
