A number of Lloyd’s leading claims experts have come out in support of CEO Richard Ward’s call for the London market to start processing claims electronically as soon as possible. An article on the Lloyd’s Website (www.lloyds.com) notes that, “during …
Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses and have since reaped the benefits …
European PLUS D&O conference panelists say D&O claims and the demand for coverage are going global Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal – billion dollar settlement pending. None of these companies are …
U.K.-based Kiln PLC, a leading Lloyd’s insurer, announced that its wholly owned Hong Kong subsidiary, R J Kiln & Co Limited, has acquired the Hong Kong based underwriting agency, International Reinsurance Services Limited (IRS), for the benefit of Names on …
A bulletin on the Lloyd’s Website (www.lloyds.com) examines the growth of the insurance market in Singapore, and concludes that the city-state, which is already home to a number of foreign insurers, is poised to take on an even larger role …
Merchants Group Inc. in Buffalo, N.Y., which sells property casualty insurance through Merchants Insurance Co. of New Hampshire, agreed to be bought by American European Group Inc., a private insurance holding company. The cash acquisition price is valued at $33 …
Hiscox, Bermuda Holding Company London’s Hiscox plc outlined its corporate reorganization plan. A new Bermudan domiciled holding company for the Group, Hiscox Ltd., has been established. Shareholders of Hiscox will receive one share in Hiscox Ltd. for each share held …
Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses and have since reaped the benefits …
Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal – billion dollar settlement pending. None of these companies are U.S.-based (they are Canadian, Dutch and French respectively), yet they were all sued and paid their …
Beazley Group plc announced that to strengthen its U.S. commercial property team ahead of its launch in the admitted market the company has hired Neil Brown as the senior underwriter for its central region, based in Chicago. Brown joins Todd …
