France’s AXA Group’s none month results showed significant gains in all of the diversified giant’s activities, with total revenues for the period of €71.625 billion ($105.12 billion) a 5.9 percent increase over the same period in 2006 on a comparative …
“The world is changing at an exponential rate but this is not something we should fear. It is something that we should embrace and be prepared for,” Lloyd’s CEO Richard Ward told his audience at the Xchanging Conference in Brighton,yesterday, …
The Hartford Financial Services Group announced that it is expanding its existing international professional liability underwriting capabilities with the opening of a new office in London. Following the success of its U.S. professional liability program, launched in 2001, Hartford sought …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of Swiss Reinsurance Company (Swiss Re) and its rated subsidiaries. Best also affirmed all debt ratings either issued or …
Navigators Pro, a division of Navigators Management Company, has introduced the Broker InNAVation Securities Broker/Dealer Professional Liability policy. The Broker InNAVation policy provides coverage for securities broker/dealers, their officers, directors, registered representatives and employees legally obligated to pay covered damages …
Bermuda’s XL Capital Ltd. announced that Sir John Vereker has been elected to the Company’s Board of Directors. He was the Governor and Commander-in-Chief of Bermuda from April 2002 to October 2007. Prior to that, he was the U.K.’s Permanent …
Bermuda-based Catlin Group Ltd. appointed Nick Greggains chief underwriting officer for insurance, and Andrew Englesbe chief underwriting officer for reinsurance for Catlin U.S. Both will be responsible for insurance and reinsurance underwriting operations in the United States. Greggains was most …
Only 22 percent of in-house counsel said they expect to see the number of legal disputes their companies face increase over the next 12 months; a year ago, 33 percent said they were anticipating a rise in lawsuits involving their …
Stock Prices: Commercial property/casualty insurer stocks have been relatively flat through the third quarter of 2007. Chubb Corp. (NYSE:CB) had the largest gains for the year, up a modest 3 percent. M&A Activity: The sector appeared to take a month …
Insurance brokerage Aon Corp., faced by fierce competition and falling rates, said Wednesday it will cut 2,700 jobs as part of a restructuring plan that will eventually save it about $240 million a year. The elimination of about 6 percent …
