Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
Bermuda’s XL Capital Ltd. is holding its third annual employee volunteer day — known as the “Global Day of Giving” — today Wednesday, May 21. The day is dedicated to supporting the communities in which XL companies operate. XL said …
A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing others. The coalition, led …
The largest satellite “launch insurance package ever placed has been completed by broker Willis Inspace, with a Lloyd’s underwriter leading the risk,” for Europe’s Eutelsat, the world’s third largest satellite operator, notes an article on the Lloyd’s web site (www.lloyds.com). …
Swiss Re reported a sharp drop of 53 percent in net income for the first quarter of 2008. The world’s largest reinsurer earned CHF 624 million ($592.4 million) for the period, compared to the CHF 1.329 billion ($1.261 billion) it …
A number of Bermuda-based companies announced their first quarter results last week, which were generally lower than the same period of 2007. The financial credit crunch, combined with the ongoing soft market, had a noticeable effect on earnings, even though …
A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing others. The coalition, led …
Newark, Calif.-based Risk Management Solutions announced that John Stroughair has been hired to head the RiskMarkets group of RMS Consulting. In that capacity, he will be responsible for all capital markets activities, including risk analysis of catastrophe bonds for use …
The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site – https://www.insurancejournal.com/news/international/2008/02/28/87725.htm). With likely insured losses of between £15 million and £30 million, the magnitude 5.2 ‘quake …
“Winter storms in Europe are like London buses,” says an article on the Lloyd’s web site (www.lloyds.com) – “You don’t see any for a while and then along come two or three, one behind the other.” The four month European …
