Bermuda-based Aspen Insurance Holdings Limited announced that it has appointed Rupert Villers, effective April 27, 2009 as head of its newly combined Financial and Professional Lines Insurance business segment. He will be based in London and will report directly to …
The U.S. Treasury is expected to propose within days the creation of a “systemic risk regulator,” probably the Federal Reserve, to oversee banking and market problems that could threaten the economy. On both sides of the Atlantic, “tunnel vision” is …
The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers during its annual convention this week. New officers for the group are: — President James Goodman, who is president of Goodman Insurance Inc. in Shelton — President-elect Howard Olderman, …
Goldman Sachs Group and a parade of European banks were the major beneficiaries of $93 billion in payments from American International Group — more than half of the U.S. taxpayer money spent to rescue the massive insurer. The revelation on …
The Association of British Insurers has published five key principles to “help ensure that regulatory reform brings real benefits for consumers, ahead of next week’s Turner review into regulation and the G20 London Summit on 2 April,” said the organization’s …
Finance chiefs from the G20 leading economies pledged on Saturday to take all necessary action to revive economic growth, fix the global financial system and fight the threat of protectionism. Without providing many specific numbers, finance ministers and central bankers …
Glencairn, the Property, Casualty, Accident and Health broker within Faber & Dumas, the third-party wholesale insurance broker of the Willis Group, announced that Tony Pickering has joined Glencairn Energy as Deputy Chairman, effective immediately, reporting to its Chief Executive Alan …
Beazley Group plc, an insurer of construction and engineering risks in the Lloyd’s market, has established a builders risk and engineered risk capability in the United States. Builders risk, commonly known as contractors all risks (CAR) and erection all risks …
A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating to “bbb+” from “a-” of Hong Kong’s Wing Lung Insurance Company Limited (WLI). The outlook for both ratings is stable. …
Marsh announced two new appointments in its Market Relationship Management team (MRM), who will be based in London, and will focus on managing Marsh’s market relationships in Europe, the Middle East and Africa (EMEA). Marsh’s MRM team has overall responsibility …
