Aon Re Global, a unit of Aon Corporation, announced it has acquired Peruvian reinsurance intermediary Cosegur Re, “offering clients in Peru greater access to worldwide reinsurance markets” and Aon Re Global’s catastrophe modeling and servicing capabilities. Terms of the agreement, …
AIR Worldwide Corporation announced that it estimates insured losses from a major earthquake that struck the coast of Chile on Wednesday will likely not exceed $80 million. AIR noted that the “USGS has issued a preliminary magnitude estimate of 7.7Mw. …
The state of Oklahoma has reached a tentative settlement with a mining company that would provide nearly $65 million to agencies involved in restoration efforts at the Tar Creek Superfund site. A hearing on the settlement with Asarco LLC is …
The surplus lines industry is never boring, never plain and certainly never black and white. Often dubbed as the innovator of new insurance products, the industry could even be considered colorful when it comes to the breadth and scope of …
American International Group has donated $300,000 to its Disaster Relief Fund (DRF) to help CHF International bring relief to earthquake-affected Peruvians, as they rebuild and recover from the 7.9 magnitude quake that struck the country August 15. The quake killed …
Exclusive Video Living, Breathing and Insuring Golf, Take 1: Golf in the Family Indiana insurance agent Ron Smith has been playing golf since he could “breathe.” His father loved the game. His brothers love the game. His entire family loves …
A poll, conducted by Fitch Ratings, indicates that the banks and insurance companies it rates in the Latin America Region as to the extent they may hold direct or indirect exposure to U.S. subprime backed structured securities, found that “exposure …
Indiana insurance agent Ron Smith has been playing golf since he could “breathe.” His father loved the game. His brothers love the game. His entire family loves the game. So it’s no surprise that Smith, owner of the independent agency …
The Smith family can say they grew up on golf courses. Ron Smith, owner of the independent insurance agency Smith Sawyer Smith Inc., in Rochester, Ind., and his brother, Terry Smith, grew up on a small 9-hole golf course where …
Boston’s AIR Worldwide estimates that insured losses from the magnitude 8.0 earthquake that struck Peru’s Ica region, south of the capital Lima, on August 15 are unlikely to exceed $1 billion. “It is still in the very early aftermath of …
