Insurance brokers say private insurers won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available but capped at $500,000 for a structure …
British Prime Minister Gordon Brown on Monday urged world leaders to intervene personally to break deadlocked talks to agree a global climate change deal in December. Brown is one of the few major economy leaders who has announced plans to …
W. R. Berkley Insurance (Europe), Limited announced that it has named Javier Esteban Presidente Ejecutivo of its Sucursal en España branch located in Madrid, Spain. The appointment to this newly created position is effective immediately. Esteban has more than 40 …
The Alabama Supreme Court last Friday threw out jury decisions awarding the state more than $274 million from three pharmaceutical companies, ruling they did not defraud the state in pricing Medicaid prescription drugs. The court overturned jury verdicts against the …
Zurich’s General Insurance business segment has appointed James Enelow as leader of Zurich’s Global Financial Lines practice. He will be responsible for “aligning underwriting strategies and driving profitable growth from a portfolio-wide perspective,” said Zurich. “He replaces Vincent Vandendael, who …
The Catlin Group Limited’s Arctic Survey has released findings in London, which show that Arctic Ocean sea ice is thinning rapidly and the region will most likely be largely ice-free during the summer months within a decade. The Catlin Arctic …
Private equity firm Aquiline Capital Partners LLC, which is run by Jeffrey Greenberg, has acquired insurance consulting and asset management provider Conning & Co. from Swiss Reinsurance Co. Ltd. Conning & Co. reported the closing of the transaction today. Conning …
The ACE Group of insurance and reinsurance companies has announced the appointment of Derek Talbott as Executive Vice President, International Property. He will be responsible for the management and performance of ACE’s international property insurance business in Europe, the Middle …
Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the evolving marketplace and to better leverage the unit’s talent and …
Financier Allen Stanford and other executives who face charges related to an alleged $7 billion fraud may file claims for defense funds under a directors’ and officers’ insurance policy, a federal judge said Friday. Stanford has had his assets frozen …
