A summit meeting on the financial crisis in London next month will tackle the issue of climate change, which the U.N. chief had planned to make the focus of a separate gathering in New York, diplomats said. Worried that the …
London-based Oxygen Insurance Brokers has announced the creation of a Facilities broking team, headed up by Donald Alcorn and Jonathan Woods. The team “will place bespoke binding authorities for UK/European cover-holders into the Lloyd’s and company markets,” said the bulletin. …
Federal Reserve Chairman Ben Bernanke Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises. Finance ministers from the …
Surplus lines insurance industry leaders in Florida hope legislation working its way through the state Legislature will clarify how the industry will be regulated. The industry has had concerns about its future since court decisions last year suggested that the …
European Union plans to beef up financial supervision may be replicated globally, though much will hinge on how the United States responds, a top official from the bloc’s executive arm said on Monday. A high-level committee headed by a former …
New York-based The Navigators Group Inc. says it has opened a Philadelphia office of its principal underwriting agency subsidiary, Navigators Management Company Inc. The office will initially focus on Excess Casualty, Commercial Umbrella, Management Liability (D&O) and Professional Liability (E&O) …
Los Angeles-based Worldwide Facilities Inc. announced that Charlie Wardlaw has joined as executive vice president, to work out of the company’s Los Angeles headquarters. Wardlaw began his career as a broker in London. Most recently, he was the vice chairman …
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
Despite all the technical changes, Lloyd’s of London continues to adhere to its century’s old tradition of accepting the most unusual risks. It has just agreed to cover the tongue of Gennaro Pelliccia, Costa Coffee’s Italian Master of Coffee, for …
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