Firefighters said they evacuated hundreds of people Monday from homes and businesses in flood-hit areas in northern England. About 60 homes were flooded near Huddersfield, 190 miles (305 kilometers) northwest of London, West Yorkshire Fire and Rescue Service said. In …
A major Chinese insurer has announced plans to raise up to $22 billion (euro15.0 billion) for acquisitions at a time when U.S. and European banks, battered by mortgage losses, want infusions of Asian capital to replenish their balance sheets. Ping …
The rumors, and at this point that’s all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh, Inc. from MMC. Is there any truth in it? “No comment,” said …
Dallas-based insurance wholesaler, RISC, announced the addition of Martin Sommers to its brokerage team. Additionally, RISC promoted Mike Lehde to senior vice president and Jack Bailey to vice president. Sommers has more than 25 years of experience in the casualty …
Marsh announced from its London office that David Batchelor will succeed Alex Moczarski as CEO of Marsh’s operations in Europe, the Middle East and Africa (EMEA). He currently heads the Asia Pacific region for Marsh, responsible for operations in China, …
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 released today by the state insurance department. The bureau, established in 1981, received about 22,079 …
The London reinsurance market will never be the same following 2007’s year-end reinsurance treaty renewals. Faced with a potential last minute logjam, as cedents held back their after renewals in the hope of achieving more favorable terms, Aon put RI3K’s …
Willis Group Holdings has appointed Alena Watchorn to its Mergers & Acquisitions Practice Group as an Executive Director. She joins Willis from HSBC Insurance Brokers, where she headed up the corporate finance team and simultaneously built an environmental insurance advisory …
Lockton, a privately held independent insurance broker, announced today that it has added Mark Harris as a senior vice president and producer in its Chicago operation. Harris will be responsible for business development and client advocacy for law firms and …
Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the industry’s softening market. A couple …
