The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2009 global underwriting results for its 23 members, who write insurance and reinsurance from underwriting centers in Bermuda, Europe and the U.S. The announcement noted that the “23 (re)insurers …
UK broker Miller, a specialist independent insurance and reinsurance broker, announced the appointment of Neil Higgins, as a global facultative reinsurance specialist. Mike Papworth, Head of Facultative Reinsurance at Miller noted Higgins “very strong reputation in the London market,” and …
ACE Bermuda announced the appointment of Jeffrey Jabon to the position of Senior Vice President of its Professional Lines department. He takes on management of the department and will be responsible for the development of ACE Bermuda’s professional liability book …
A federal appeals court said Monday insurer Lloyd’s of London must pay claims related to alleged swindler Allen Stanford’s defense. Stanford, his former chief investment officer Laura Holt, and former accounting executives Gilbert Lopez and Mark Kuhrt sued Lloyd’s after …
Lonmar Global Risks was officially launched at the end of last week, as a new and independent broker operating globally from its London base. The company formerly traded as SBJ Global Risks. Its re-branding as Lonmar Global Risks is “focused …
A team of veteran polar explorers on Sunday began a 500-kilometer [312 mile] trek across the floating sea ice of the Arctic Ocean as part of the Catlin Arctic Survey 2010, an international scientific mission to learn how increased carbon …
Aon Construction Services Group has secured an offering for up to $100 million in limits to address contractual liabilities such as force majeure events, liquidated damages and performance coverage. Contractual liability policies are designed to indemnify another person or entity …
London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox Chief Underwriting Officer Rob Childs discusses the profitability for …
A chip for Spot? In a country where guns are tightly controlled and even carrying a kitchen knife can bring prison time, some thugs use dogs to menace their victims. Now the British government is proposing that dog owners be …
Lloyd’s Chairman, Lord Levene, visited Japan and South Korea last week where he opened the new Lloyd’s Japan office and hosted an event with Korean Re, titled – Lloyd’s – A Working Partnership. Lloyd’s bulletin pointed out that “Japan is …
