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Zurich in North America named Marcus Cooper as senior vice president for national sales and strategic relationships, effective immediately. Cooper replaces Mike Vaught, who is retiring. Cooper will continue serving as South Central regional executive until a replacement is hired. …

CII Thinkpiece Tackles ‘Nudging’ People to Make Good Decisions

The latest Thinkpiece – “Risky Business: ‘Nudging’ you to make the ‘right’ choices” – from the UK’s Chartered Insurance Institute (CII), written in partnership with RSA Insurance Group and the think tank Reform, explores politicians’ current love affair with “nudge …

Lloyd’s Chairman: Limiting UK’s Financial Services is ‘Dangerous Talk’

Lloyd’s of London Chairman, Lord Peter Levene, strongly defended the important role financial services play in the UK’s economy in general and in the City of London in particular. Levene chastised policymakers, commentators, theorists and bloggers who have called for …

Home Insurers Use Lava Maps to Limit Exposure on Hawaii’s Big Island

The U.S. Geological Survey’s 35-year-old maps of lava danger zones in this southern corner of Hawaii’s Big Island are a tableau of earthy colors and odd shapes originally meant for scientific and planning purposes. The maps have also long been …

London American Expands Underwriting Division in Dallas

London American Risk Specialists Inc. is expanding its Dallas, Texas, underwriting division and has created an underwriting/binding authority department in the Dallas office. The department will offer in-house quoting and policy issuance for package policies and mono line property, general …

With No Pay Guarantee from Insurance, Lawyers Quit on Stanford; Public Defender Named

Former billionaire Allen Stanford, accused of running a $7 billion Ponzi scheme, will be represented by a public defender for now after telling a court he had no money to pay for an attorney. “The man needs an attorney, he’s …

Lloyd’s Directors & Officers Insurance At Issue in Stanford Fraud Case

Lloyd’s of London said a federal judge should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of coverage, according to a court filing Friday. …

Willis Survey Finds UK Commercial D&O Sector Resists Rate Increases

A new survey by Willis concludes that “the commercial sector continues to resist the sharp rate increases for Directors & Officers insurance seen in the financial institutions sector, with the average premium for commercial business falling five percent in the …

Kittleson, Hill Join Iron-Starr Excess Casualty Operation in Bermuda

Iron-Starr Excess Agency Limited, the joint venture between Ironshore Inc. and C. V. Starr & Co., Inc., report that Eric S. Kittleson and Mark Hill have joined the Excess Casualty operation domiciled in Bermuda. Kittleson has been named senior vice …

Aon, Partner Re Release Latest Hazard & Risk Review at Monte Carlo

Aon Benfield and PartnerRe have released their annual re/insurance industry report, Hazard & Risk Science Review 2009, which showcases the latest developments in the field of natural hazard and risk science. The Review, which is co-sponsored by Aon Benfield and …