Hacker – Virus – Cyber Invasion Nuts & Bolts: USX/S is offering coverage for cyber invasions against systems (first party) or for companies blamed for an attack against another party (third party). Breach of security, permissive user breach for unauthorized …
Watkins Insurance Group Austin, Texas-based independent insurance agency, Watkins Insurance Group, has acquired Matz Insurance Agency of Austin. Established in 2002, Matz offers both commercial and personal lines of insurance. The acquisition is part of an ongoing growth strategy for …
Contractors Pollution Liability Nuts & Bolts: Sloan Mason is now providing contractor’s pollution liability (CPL) for oilfield diving and sub-sea contractors of all types. For full underwriting review and the best quote, the company requires a CPL supplemental application and …
A number of international companies have recently published their earnings results for the third quarter of 2007 and the first nine months of the year. Highlights of these reports – in alphabetical order – are as follows. For the complete …
As the reinsurance industry increasingly moves offshore, U.S. insurance regulators are rethinking current rules that require only non-U.S. reinsurers to post collateral equal to the full amount of their liabilities to U.S. insurers. Foreign reinsurers have long fought against the …
Max Bermuda, the operating company of the Max Capital Group, announced an expansion of its Dublin unit with the appointment of Michael W. Dicker as Senior Vice President – Agriculture at Max Re Europe Limited, Max Bermuda’s Dublin-based reinsurance subsidiary. …
Stephen Matanle, Global Placement Leader at Marsh and chairman of the London Market Insurance Brokers’ Committee (LMBC), is to become Chairman of the London Market Reform Group (MRG). He will take over from Brit Insurance CEO Dane Douetil CBE at …
Marsh announced from Dubai that it has established a Forensic Accounting and Claims Services (FACS) Practice for the Middle East and North Africa, which will be based in the city on the Persian Gulf. Ian Peters, formerly a Senior Claims …
Lloyd’s of London, which has been pressuring for a change in New York’s reinsurance regulation for years, reacted positively to the proposal by New York State Insurance Superintendent Eric Dinallo to amend the obligations of non-U.S. reinsurers to post collateral. …
Lloyd’s has announced the launch of its new graduate recruitment program in an expanded effort to “recruit fresh talent and ideas to the insurance industry.” The program is scheduled to run for 18 months and features a web site – …
