When Maurice “Hank” Greenberg has been in the news during the past five years, the story usually has been about American International Group (AIG), the company he built into an insurance conglomerate and headed until his ouster in 2005. Now, …
Global specialty insurer Torus has beefed up its onshore energy team with the appointments of Onshore Energy Underwriter, Amanda Ewen, and Risk Engineer, Mohammed Hanif. They are based in London, and will report to Torus’ Head of Global Onshore Energy, …
The Bermuda -based Catlin Group Limited has released its interim management statement as of Sept. 30, 2009, which shows significant gains in the Group’s operations. The bulletin listed the following highlights for the period: — 10 per cent increase in …
Political risk insurance premiums have risen across emerging markets in the last year, fuelled by rising resource nationalism and unrest linked to the financial crisis as well as a renewed concern over risk amongst investors. Foreign direct investors use the …
The Association of British Insurers is increasingly concerned that “rising global temperatures will put the heat on insurance as flood costs rise.” This would in turn “lead to more expensive and harder to obtain property insurance in the UK and …
The Lloyd’s Branch of the Royal British Legion has mobilized a number of volunteers and armed forces personnel to support this year’s Poppy Appeal on London Poppy Day, Thursday November 5th. The organizers are targeting an increase in their contribution …
Marsh & McLennan Companies, Inc. (MMC) reported that for the third quarter of 2009, its consolidated revenue was $2.5 billion, a decline of 11 percent from the third quarter of 2008. Insurance revenue was down 5 percent. Expenses were reduced …
The government should have the authority to break up or reconstruct financial firms before they become “too big to fail,” a prominent U.S. lawmaker said on Tuesday. The House Financial Services Committee is expected to start crafting legislation this week …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based reinsurer Harbor Point Re Ltd. and its U.S.-based subsidiary Harbor Point Reinsurance U.S. Inc. to stable from negative. S&P also affirmed the ‘A-‘ counterparty credit and financial strength ratings …
Claims management provider Crawford & Company has acquired certain assets of Technical Loss Adjustment and Appraisal LLC (TLAA) of Chicago. The firm’s five experienced adjusters have joined Crawford’s Global Technical Services organization, Crawford announced. TLAA, established in May 2005, includes …
