Arthur J. Gallagher & Co Arthur J. Gallagher & Co. reports it has acquired Adams & Associates International, Ltd. of Columbia, S.C. Terms of the transaction were not disclosed. Adams & Associates International Ltd. is a retail insurance broker offering …
Judge rules in favor of plaintiffs in New Orleans canal case In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that …
ICAT Holdings, Lloyds ICAT Holdings LLC of Boulder, Colo., created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support underwriting of U.S. catastrophe-exposed properties. ICM Syndicate 4242 will begin underwriting business on Jan. 1, …
HOUSTON, TEXAS– London American Risk Specialists, Inc. is pleased to announce the immediate launch of an Apartment Property Program endorsed by the National Apartment Association. This program is available in the Continental United States and written by an A.M. Best …
A freak tornado struck a section of northwest London on Thursday morning, Dec. 7, tearing the roofs off and causing other damage to as many as 150 homes, wrecking a number of cars and leaving six people injured. Fortunately there …
A.M. Best Co. has affirmed its Syndicate Ratings of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623 and Lloyd’s Syndicate 623, managed by the Beazley Group. Best also affirmed the ICR of “bbb+” of …
Marsh announced from London that Martin South has been named to fill the new role of CEO of its UK operations. He will report to Alex Moczarski, CEO of Marsh, Europe Middle East and Africa (EMEA). South joins Marsh from …
Catlin Insurance Company Ltd. (Catlin Bermuda), a subsidiary of the Bermuda-based Catlin Group Limited, announced the launch of “an insurance and reinsurance product that provides affordable coverage for acts of nuclear, chemical, biological or radiological (NCBR) terrorism.” Catlin’s pointed out …
London-based Oxygen Insurance Brokers, the Lloyd’s broking operation of Oxygen Holdings Plc, announced the creation of a new management risk practice (known in the U.S. as directors and officers liability – D&O) to focus on commercial and financial institutional clients. …
Swiss Re’s recent Economic Forum noted the strong opportunities for insurance protection in emerging markets and a solid outlook for the insurance industry in 2007. The Forum, which began in London on Dec. 5, indicated that the “insurance industry can …
