The Federation of European Risk Management Associations has welcomed the adoption of the new European Union insurance block exemption regulation (BER) by the European Commission with reservations. “The entry into force of the BER ends an intense two-year period of …
A new report in Lloyd’s “360” series examines the threats posed to business as a result of the increasing scarcity of water. According to the report, Global water scarcity: risks and challenges for business, prepared in cooperation with the conservation …
A Senate investigations panel looking into Goldman Sachs’ role in the financial crisis subpoenaed the investment bank as early as June 30, 2009, long before securities regulators sued it for fraud, according to a congressional aide. The aide also said …
Flights from large parts of Europe are set to resume on Tuesday under a deal agreed by the European Union to free up airspace closed by a cloud of ash hurled into the sky by an Icelandic volcano. However, with …
Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either. But the former Greenwich, Connecticut, residents …
Socius Insurance Services Inc., a San Francisco-based management liability and property and casualty insurance wholesaler, announced the appointment of Kevin G. Miller as assistant vice president in the firm’s San Francisco office. Miller will serve as director of programs with …
The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal, for which no outside …
Bermuda-based ACE Tempest Re Group has appointed Steve Roberts as managing director of its international business, which includes operations in London, Zurich, Sao Paulo and Shanghai. Roberts is currently the deputy managing director of the region. He will remain based …
ACE UK has launched Environmental Protect, a policy offering coverage for both small to medium-sized companies and multinational operations. The new policy comes as submissions from regional and London market brokers across a range of risks continue to increase. ACE …
Specialty insurer Torus has appointed Demian Smith as global head of Marine based in London. Smith will facilitate the expansion of Torus’ specialty offering, which launched last September, through the set up and development of a new marine practice. He …
