Despite a weakened economic market, a new study from Hiscox shows that 46 percent of American small business owners still feel that they can make more as entrepreneurs than the traditional corporate world. The Hiscox study, “DNA of an Entrepreneur,” …
Houston-based HCC Insurance Holdings, Inc. reported that it has reached a settlement with the U.S. Securities and Exchange Commission over its stock option granting practices. HCC said it consented to a permanent injunction against future violations of the reporting, books …
Florida Gov. Charlie Crist met with Lord Levene, the chairman of Lloyd’s of London, to discuss reinsurance issues in Florida, as well as Lloyd’s climate change initiatives. The meeting took place during the Team Florida Trade and Business Development Mission …
Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …
Hint: Learn Before You Go The ancient expression “When in Rome, do as the Romans do” is used to warn friends and colleagues to respect and adapt to the culture of places that they visit. In the insurance industry, that …
Willis Group Holdings Ltd , the No. 3 global insurance broker, won approval to buy rival Hilb Rogal & Hobbs Co, the Federal Trade Commission said Wednesday. Willis valued the cash and stock deal at $1.7 billion when it was …
The Group of Eight major industrialized countries (G8) meeting next week in Japan cannot by themselves set effective long-term world goals on curbing greenhouse gas emissions, the White House said on Tuesday. “With evidence mounting of rapidly rising emissions from …
Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘3-‘ (average dependency) to U.K.-based Montpelier Syndicate 5151 with a stable outlook. S&P said the “assessment is based on the syndicate’s strategic importance to Montpelier Reinsurance …
According to Risk Management Solutions as many as one in four homes in the UK is at risk of flooding caused by excessive rainfall and overflowing rivers. RMS conducted a “spatial analysis of British properties – using high-resolution satellite imagery. …
Standard & Poor’s Ratings Services has affirmed its ‘A+’ junior subordinated long-term debt rating on the $2.0 billion undated, subordinated, fixed-rate callable bonds issued by Germany’s Allianz SE (rated ‘AA’-/Stable/A-1+). “We have characterized the bonds as having intermediate equity content,” …
