In previous articles on this subject I have preached the virtues of watching out for the four “C’s” of insurance protection for the oil and gas operator — contracts, coverages, costs and claims — and they remain as important areas …
Connecticut will get $23 million in federal homeland security grants this year, an increase of about $10 million from a year ago largely because of new funding for police, fire and medical emergency radios, officials said Wednesday. The new funding …
Zurich Financial Services Group (Zurich) created a new Mergers & Acquisitions (M&A) unit to analyze needs and offer customized solutions for customers going through a merger or acquisition. The unit is already fully operational in the U.S. and will have …
Rates continued to decrease in the second quarter of 2007 across all financial, executive and professional lines of insurance, according to a survey of London market insurers by Willis Group Holdings (NYSE: WSH), the global insurance broker. The Willis Index …
“I have no doubt that there is a shared will in the market to improve our processes and much progress has been made,” stated Lloyd’s Chief Executive Richard Ward in response to a letter sent to the market by Market …
U.S. Risk Insurance Group, Inc., a managing general agency and surplus lines wholesaler headquartered in Dallas, has expanded into New England by acquiring Boston Insurance Brokerage, Inc. in Boston. Boston Insurance Brokerage (www.bostonbrokerage.com) is a wholesale property and casualty broker …
Standard & Poor’s Ratings Services has issued a new report -“Bancassurance Approaches Employed In Europe, The U.S., And Russia: Similarities And Differences-” that analyzes the sector in those regions. S&P describes “Bancassurance” as a “catch-all phrase to describe the many …
Lloyd’s Ascot Underwriting, which operates Syndicate 1414 and is backed by AIG, announced the establishment of its new renewable energy operation, Renewco Underwriting. Ascot described Renewco as the “first Lloyd’s based underwriting operation specifically dedicated to the full range of …
Willis Group Holdings announced from its London office that it has released its reinsurance review of the marketplace for the July 1, 2007 renewals entitled “Willis Re – 1st View.” Willis said the report covers the major classes of business …
Bermuda-based Validus Holdings, Ltd. has completed its acquisition of Talbot Holdings Ltd. from a group of institutional investors and Talbot employees and management, following receipt of all required regulatory approvals (See IJ web site May 16). “Talbot will be Validus …
