Oman evacuated tens of thousands Wednesday and closed the major port of Sohar northwest of the capital Muscat, as a weakening Cyclone Gonu roared toward the Strait of Hormuz – the world’s major transport artery for Persian Gulf oil. As …
Lloyd’s announced plans to “return to the debt markets with a benchmark issue of Tier 1 perpetual subordinated debt.” The bulletin said the “issue will give greater flexibility and liquidity to Lloyd’s, further strengthen central assets and reduce the cost …
Standard & Poor’s Ratings Services’ 23rd annual insurance conference, – “In Pursuit Of Sustainable Earnings” – focused on the “highly profitable” 2006 results, and the current “softening reinsurance pricing cycle, future losses and loss ratios, and future financial health. A …
According to a report from the ACE European Group, released in London, “risk management is now seen as a key contributor to a company’s source of competitive advantage with companies putting risk managers under increasing pressure to show measurable returns …
Travelers Aviation Travelers has launched Travelers Aviation, a new unit targeting corporate and business aircraft, small to mid-size airports, aviation ground services and manufactured non-critical products used as aircraft components. In addition, Travelers Avitation will provide workers’ compensation coverage for …
People Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain with Aon while a search for his successor …
National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to his position. He served as president of Coleman …
Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling and risk assessment practices and resources, and also advanced underwriting support and …
$10 million A picture is worth a thousand words, but what about a smile? News reports say that the smile of actress America Ferrara, who plays the lead on the popular television show, “Ugly Betty,” is insured with Lloyds of …
National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to his position. He served as president of Coleman …
