Swiss Re is hosting an “Investors Day” Conference in London focused on the current state of the reinsurance market, its future prospects and the potential reguylatory changes affecting capital. The reinsurer said it expects the growth outlook for the reinsurance …
The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that option would be open to the company if liabilities became overwhelming — and that very much depends on when the …
Bermuda-based Allied World Assurance Company Holdings announced that it has received approval from Lloyd’s of London to establish a new syndicate. Designated Syndicate 2232, with the pseudonym AWH, Allied World said it would be “fully operational and writing business effective …
BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster. The stock has now …
BP brought another $25 million to Florida on Tuesday, but instead of a thank you they got a lot more criticism. Between barrages, Gov. Charlie Crist and three independently elected Cabinet members asked for more money and said they want …
Marsh’s London office announced the formation of an International Nuclear Practice, “drawing together Marsh’s extensive expertise and skills for all nuclear clients based outside the US and Canada.” Marsh said it formed the new facility in “order to address growing …
Global Special Risks (GSR), the wholesale insurance broker and managing general agent of Willis’ subsidiary, London-based Faber & Dumas, announced it has established an office in Calgary, Alberta, Canada to “more effectively serve its existing and prospective clients in the …
London-based independent wholesale, reinsurance and specialist broker Cooper Gay and Atlanta-based U.S. wholesale broker Swett & Crawford confirmed in joint bulletins that they are in advanced deal discussions. Plans call for the combining the two companies into “a new group …
“Green energy systems are no longer just ‘nice to have,’ but are essential in securing our energy supply and protecting the environment,” according to a new report from Lloyd’s 360 Risk Insight and UK think tank Chatham House, entitled: Sustainable …
ACE Global Markets (AGM) announced from London that it has appointed Malcolm Brett as Product Line Head of Aviation. John Green, who formerly headed the unit, will remain with the company as Director of Aviation. Richard Pryce, President of ACE …
