HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern United States. …
Aon Construction Services Group, the construction risk management arm of Aon Corporation recently appointed Vincent Zegers as managing director, National Property Solutions. In his new position Zegers will be responsible for structuring property and contingency risk solutions for complex construction …
France’s AXA Group announced that it has successfully completed the sale of its principal Dutch insurance operations, comprising 100 percent of AXA Netherlands, Winterthur Netherlands and DBV Netherlands, for a total cash consideration of €1.797 billion ($2.458 billion). AXA announced …
Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary General of NATO Jaap de Hoop Scheffer. In his …
XL Insurance, the global insurance operations of Bermuda’s XL Capital Ltd, has announced an increase of its underwriting capacity for construction projects, from $40 million to $100 million per project. John Gallagher, XL Insurance’s Chief Underwriting Officer — Global Property, …
Hurricane Felix, which is poised to come ashore along the border of Nicaragua and Honduras later today, is a strange storm (See following article). It developed suddenly from a tropical depression on Friday, Aug. 31 into a full-blown category 5 …
The second strong hurricane of the season, Felix, is currently roiling the waters of the Southern Caribbean, as it passes over the Netherlands Antilles. The islands – Bonaire, Curaçao and Aruba are close to the South American mainland off the …
AEGON N.V.’s operating earnings for the second quarter of 2007 improved by 22 percent over the same period of 2006 to €570 million ($780 million), while net underlying operating earnings rose 9 percent, on pro forma basis, to €532 million …
Former Vice President Al Gore said this week that some of the world’s largest energy companies, including Exxon Mobil Corp., are funding research aimed at disputing the scientific consensus on global warming as part of a campaign to mislead the …
Standard & Poor’s Ratings Services said that its rating and outlook on Scottish Re Group Ltd. (SCT; B+/Developing/–) “will not be affected by the company’s five-day delay in its second-quarter 2007 10Q filing for the period ended June 30, 2007. …
