Willis Group Holdings announced the establishment of a new business unit within Willis Global Markets International (GMI) for the insurance of companies involved in Life Sciences. It also announced the appointment of Tom Teixeira as the Practice Leader, effective immediately. …
The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in prices. Lloyd’s, which traces its origins …
C.V. Starr & Co. said it has opened a Political Risks underwriting unit in New York City. Keith Dunford has been named underwriting manager for the unit, which will market Political Risks products as well as structured trade credit risk. …
As the price of gold nudges an all time high of $1300 an ounce, the risks for firms who handle the metal have increased, which “may leave firms under-insured,” notes Marsh’s London office. The record high gold bullion prices “mean …
Lloyd’s insurer Chaucer has outlined its plans for the launch of a new International Liability Division by the end of the year, according to a bulletin on the Lloyd’s web site. “The move follows a series of appointments during the …
Hughes-Gibb, the specialist bloodstock, livestock and aquaculture division of Willis Group Holdings, announced that it is expanding its services to clients in agri-business. Broadening its expertise to include Crop and Forestry, the wholesale broker has appointed Julian Roberts as leader …
IMS Insurance Market Solutions has acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in the Southwest. “This combination …
Willis Group Holdings announced the appointment of Edward Fyfe as Regional Specialist Leader for Latin America. He is based in Peru, and “will strengthen the linkage between Willis’ Latin America operations and its Global Specialties business in the region which …
European Union lawmakers gave their final approval on Wednesday for the creation of watchdogs to regulate European banking, insurance and trading, in one of the most far-reaching financial reforms of the decade. Putting its stamp on an agreement sealed this …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior unsecured debt rating to W.R. Berkley Corp.’s (WRB) proposed issue of $300 million of 5.375 percent senior unsecured notes, which are due in 2020. “WRB will use the net proceeds …
