Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J. Weatherford, who left the NAIC in July 2008. Andrew Beal, …
North Carolina-based G4S Compliance & Investigations has formed partnership with National Unity Insurance Company, a Texas-headquartered company specializing in providing liability insurance for Mexican private and commercial auto while traveling in the United States and Canada. Under the agreement, G4S …
In a recent financial lines seminar sponsored by Willis Group Holdings, nearly 90 percent of those attending indicated they believe the current economic climate has increased the risk of litigation against financial institutions. The seminar, titled “Credit Crunch Fallout: The …
Willis Group Holdings announced the formation of Willis Global Placement, which it described as a “dedicated entity that will coordinate worldwide placement strategy for the benefit of Willis clients. The new entity, which draws together the company’s placement professionals around …
Catlin Group Ltd., an international specialty property/casualty insurer and reinsurer, reported that W. Brown & Associates Insurance Services will underwrite general aviation insurance for clients nationwide on behalf of Catlin US. Among the types of general aviation coverages to be …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of American Family Life Assurance Company of Columbus (Aflac) and American Family Life Assurance Company of …
Lockton announced that is launching a unique set of risk management services to help companies address outsourcing risk and corporate response plans for data breaches. “These services are supported by leading cyber insurance underwriters at Lloyd’s–ACE Global Markets, Brit Syndicates …
According to Deirdre Littlefield, president of the International Union of Marine Insurance (IUMI), “While the insurance industry may be more insulated from failure than others in the financial sector, it will not entirely escape the damage done by the current …
ACE announced that it is extending its Environmental Risk capabilities by writing the company’s portfolio of Environmental Liability products at Lloyd’s. “ACE’s suite of environmental products is now available through ACE Global Markets Syndicate 2488, with appetite across all industry …
Willis Re, the reinsurance arm of global broker Willis Group Holdings, announced the appointment of 17 professionals “to extend the global growth of the unit’s specialty lines business.” Willis said the brokers, “currently with specialty reinsurance broker Carvill, will join …
