Singapore’s biggest sovereign wealth fund GIC and Qatar Holding LLC have committed to underwrite a significant portion of UK Prudential’s $20 billion rights issue. GIC is an existing shareholder, with a 0.5 percent stake in Prudential, but Qatar does not …
Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site …
With more than 40 states now enforcing privacy and security breach notification laws, underwriters are working hard to scoop up the business this niche creates, while also tweaking their policy forms to provide the broadest and most comprehensive coverage. Over …
Van Wagoner Companies Inc., a Dallas-based subsidiary of independent Lloyd’s broker Chesterfield Group, has appointed James V. Flitt as marketing executive and North American marketing director for Chesterfield Insurance Brokers Limited. Flitt has more than 40 years of retail and …
Wal-Mart Stores Inc. will pay more than $11.7 million to settle a gender discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said. The lawsuit accused the world’s largest retailer of regularly hiring male workers for warehouse …
London-based Jubilee Managing Agency has announced the next stage of its strategic growth plans with new senior appointments. Clive Buesnel will join Jubilee as Group Chief Executive Officer, effective May 1, 2010. Jubilee’s bulletin noted that he “was one of …
Insurance agents with customers waiting to be covered in the federal flood insurance program should tell those customers about the program’s suspension, an insurance expert is advising. As reported by Insurance Journal, the program could be in limbo for about …
A bulletin from Marsh’s London office warns Organizations in England and Wales that they must embed “robust health and safety risk management practices or face severe financial and reputational penalties in the event of a successful corporate manslaughter prosecution.” Marsh’s …
A newly published report from the Geneva Association, which analyzes the role played by “insurance in financial stability and its systemic relevance,” has concluded “that the core activities of insurers and reinsurers do not pose systemic risks due to the …
“A new wave of hacker attacks is breaching corporate and outsourced information systems with one information security firm recently detailing coordinated hacker attacks on 2,400 companies and government agencies during the past 18 months,” says a bulletin from Lockton’s London …
