The California State Compensation Insurance Fund named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the board of directors and is responsible for the day-to-day operations of State Fund. Former president/CEO Janet Frank …
The long, flowing black hair that tumbles out of NFL star Troy Polamalu’s helmet and down his back has been insured for $1 million by Head and Shoulders, the shampoo brand that is endorsed by the Pittsburgh Steelers player. The …
Lawyers for Texas financier Allen Stanford and two accounting executives who worked for him sought to distance their clients Friday from the alleged financial wrongdoing insurer Lloyd’s of London cites as a reason to void a policy covering their defense …
Standard & Poor’s Ratings Services has affirmed its ‘BBB’ unsolicited counterparty credit rating on Markel Corp. However, S&P said the “outlook on Markel remains negative.” Credit analyst Taoufik Gharib explained: “The affirmation reflects Markel’s strong competitive position in the excess …
A bulletin on the Lloyd’s of London web site (www.lloyds.com) warns that a “major transformer failure can wreak havoc, causing power shortages or outages affecting millions of homes and businesses and costing many millions of pounds.” Transformers are an essential …
Laura Holt, the former chief investment officer for accused Ponzi schemer Allen Stanford’s financial firm, has reached a settlement with Lloyd’s of London over her defense fees, a federal judge said Tuesday. “Ms. Holt is not here,” U.S. District Judge …
Beazley Group has added coverage for fixed site environmental exposures to its growing range of environmental products. Beazley ECLIPSE is an environmental liability and cleanup costs insurance product, designed to help clients control both known and unknown pollution risks. It …
HSBC is in talks to buy up to 70 percent of South Africa’s Nedbank, in a potential $6.8 billion deal that would give Europe’s biggest lender a broader gateway to the fast-growing African continent. HSBC and Anglo-South African insurer Old …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) Ltd. Houston-based Catlin Insurance Company, Inc. (CICI) and Delaware-based Catlin …
U.S. Risk Insurance Group Inc. named Mike Mullens a vice president and senior underwriter in the U.S. Risk Underwriters Inc. Dallas office. Mullens will head up the U.S. Risk newly formed social services program department. He has more than 30 …
