Aon has released its “2008 Marine Insurance Market Review,” which concludes that the “marine industry is set for a continued run of favorable insurance premiums in 2008, despite facing higher risks. The cargo and liability markets offer a win-win situation …
The Zurich Financial Services Group has appointed Ian Parker, a 42 year old UK citizen, to the position of Head of Strategy for Europe General Insurance (EGI), effective February 1st. He will be responsible for “implementing the business division’s strategy …
The ongoing crisis at the second largest French bank, Société Générale, has prompted Lloyd’s to remind the financial community of some unfortunate facts. The bank lost €4.9 billion, or $7.25 billion, after it was forced to close out positions taken …
Marsh announced from its London office that Carrick Lambert has been appointed as Managing Director, EMEA [Europe, Middle East, Africa] Financial Institutions Industry Practice. He joins Marsh from Aon’s Global and UK Financial Institutions Industry Practices, where he most recently …
Richmond, Va.-based specialty insurer Markel Corp. reported that its 2007 combined ratio was 88 percent compared to 87 percent in 2006. Comprehensive income for 2007 was $337.0 million compared to $550.8 million in 2006. Gross written premiums for the year …
EADS, the European consortium that designs and builds the Airbus coimmercial aircraft, has selected Willis Group Holdings as the insurance broker for a new Airbus A320 final assembly line in Tianjin, China – the first of its kind outside of …
Willis Group Holdings announced that Rob Perry will join its Asia Political Risk and Trade Credit division team in Singapore as an Executive Director. He is currently a team leader in Willis’ Political Risk Practice in London working closely with …
Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large publicly traded companies were acquired by …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …
Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report from the state insurance department. The bureau, established in 1981, received about 22,079 reports of …
