Lloyd’s has selected Hank Watkins as the new President for North America. He takes over from LoriAnn Lowery who resigned from the position last June after a little more than a year on the job [See IJ web site – …
Braemar Shipping Services has launched a new subsidiary called Braemar Marine, which will provide marine surveying and adjusting services to the global maritime, transportation risk and insurance markets. Braemar Marine began operations on Aug. 1 from its headquarters in Atlanta, …
The recent series of wildfires that ravaged parts of Spain, France, Greece and Italy in late July may well be symptomatic of the warming trend in global weather patterns according to experts at Lloyd’s of London. “Spain was worst hit …
London-based Markel International has appointed James Leach as contingency underwriter to develop its diverse specialty division. He joins Markel from Sirius International where he worked for two years becoming assistant underwriter. Leach previously spent seven years in sports management and …
Living in Hawaii on the slope of one of the most active volcanos in the world can be expensive when it comes to homeowners insurance. Wendy Ford is losing her policy this month because her insurer, Liberty Mutual Fire Insurance …
Guy Carpenter & Co. LLC has hired two new executives in its Latin America and Caribbean (LAC) region. Aidan Pope has been named CEO of Latin America and Caribbean Operations and will be based in Miami. He will work closely …
A concert promoter’s insurance on Michael Jackson’s London shows has provisions that may deny a multimillion dollar payout if the pop star was found to have illegally possessed drugs or was involved in the “illicit taking of drugs.” The policy, …
A group of Venezuelan clients of Stanford Financial Group have sued the insurance broker Willis Group Holdings Ltd, accusing it of contributing to a $7 billion Ponzi scheme at the Texas-based investment company founded by Allen Stanford. The lawsuit filed …
The Colorado State University storm research team cut its 2009 Atlantic hurricane season forecast Tuesday, predicting that El Nino would trim the tally to 10 tropical storms, with four becoming hurricanes. The noted forecasting team founded by pioneering storm researcher …
Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting losses resulting from a deluge of credit crunch-related Professional Indemnity and Directors and Officers’ claims, according …
