A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …
“Changes to Romanian corporate law, making it compulsory for companies to purchase directors’ & officers’ liability insurance (D&O), are creating a surge in demand for cover,” according to a bulletin from Marsh’s London office. Romania is the first country in …
Lloyd’s Chairman Lord Peter Levene made a trip to Malaysia’s capital Kuala Lumpur to help launch the London Market’s new subsidiary there, Lloyd’s Labuan Limited, and the upgrading of its reinsurance license. Lloyd’s bulletin explained that until now it “has …
Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL), a Program Administrator and MGA, introduces a new program for Accountants Professional Liability. The program is being offered in most states and is underwritten by an A XI Excellent …
Could federal regulation of the insurance industry become a reality, now that Democrats control both the House and Senate in Congress?And are consumers and the insurance industry ready for such a scenario? Other financial industries operate under federal regulation, why …
Could federal regulation of the insurance industry become a reality, now that Democrats control both the House and Senate in Congress? And are consumers and the insurance industry ready for such a scenario? Other financial industries operate under federal regulation, …
Swiss Re announced that it has completed the sale of its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion) (See IJ web site Feb. …
Marsh UK has promoted Roy White as practice leader of its Financial and Professional Services Practice (FINPRO), in Europe, Middle East and Africa. He is based in Marsh’s London office and will assume overall responsibility to lead and grow FINPRO’s …
With nearly $1 billion of commercial market capacity for downstream risks, representing approximately 50 percent of the total realistic amount available worldwide, Houston is emerging as a major center for downstream insurance. According to Willis Group Holdings, this unprecedented growth …
Standard & Poor’s Ratings Services has raised its Lloyd’s Syndicate Assessment (LSA) on London-based Novae – Syndicate 2007 to ‘2+’ from ‘2’ and assigned a stable outlook. “The upgrade reflects that the potential impact from the run-off of the liability …
