As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many industry analysts believe …
Chartis has increased its underwriting capacity from the Oil Rig unit of its Global Marine and Energy Division from $150 million to $200 million. This substantial increase highlights the Chartis insurers’ commitment to offer a broad range of insurance protection …
Newark, Calif.-based Risk Management Solutions has enhanced its terrorism risk model, adding in more details for international cities and higher resolution hazard information and refinements to human exposure and building vulnerability based on data from recent attacks. The International Probabilistic …
Specialty insurer Catlin Group Limited reported a US$86 million profit before tax for the six months ending June 30, 2010. That compares to US$240 million for the half year 2009. The results include a US$227 million underwriting gain for the …
A new study from Lloyd’s shows that East London has experienced a tenfold increase in extreme daily rainfall since 1960 and warns that the closing of meteorological stations is resulting in incomplete data and impairing future analysis. Research by the …
Global specialty insurer Torus is expanding its casualty platform with the appointment of David Whyman as senior vice president, UK head of Casualty, based in London. Reporting to David Perez, president and chief underwriting officer of Global Casualty, Whyman will …
Sentry Insurance Co. in Stevens Point, Wis., announced that Peter G. McPartland is joining Sentry as president and chief operating officer. McPartland is a seasoned insurance executive with more than 30 years of experience in the industry, including service with …
China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …
Markel, Aspen Holdings (FirstComp) Specialty insurer Markel Corp. has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is headquartered in …
Fresh off of its merger with U.S. wholesale insurance broker Swett & Crawford, London-based Cooper Gay says it plans to double the number of binding authorities it handles worldwide within three years, following the appointment of James Kininmonth as managing …
