January 31, 2008
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 …
January 31, 2008
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 …
January 30, 2008
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 …
January 29, 2008
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 …
January 28, 2008
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 …
January 28, 2008
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 …
January 28, 2008
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 …
January 27, 2008
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 …
January 27, 2008
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 …
January 27, 2008
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 …