United Kingdom News

Why the United States must make TRIA permanent

It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential terrorist attacks. …

Minimizing risks for global catastrophes

Multinational businesses face serious challenges when managing catastrophe risk Managing catastrophe risk is one of the biggest challenges facing any company’s risk manager. For multinational companies, the challenge of managing catastrophe risk is especially daunting. In the United States, risk …

News Currents

Jury finds Brightpoint-AIG finite reinsurance deal violated SEC laws A federal jury in a civil case recently that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars …

Gallagher leader says carriers’ and brokers’ service to risk

Insurance CEOs tell risk managers improving service continues to be a top priority When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, …

Why the U.S. must make TRIA permanent

I think it is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential …

Why the United States must make TRIA permanent

It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential terrorist attacks. …

Oesterreicher Joins HCC Board of Directors

HCC Insurance Holdings Inc., headquartered in Houston, announced that James E. Oesterreicher was elected to the company’s Board of Directors.. Oesterreicher is the retired chairman of the Board of J.C. Penney Company Inc., having served as chairman of the Board …

Paris Re Takes First Step to IPO

Paris Re Holdings has taken the first step towards an initial public offering of its shares by registering with the Autorité des Marchés Financiers (AMF), the French stock market regulator. The Company, which indicated its assets at $2.091 billion, said …

Jury: Brightpoint Risk Manager Guilty in Insurance Scheme with AIG

A federal jury in a civil case concluded last Friday that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite reinsurance scheme to conceal millions of dollars in losses by the Indiana cell phone …

Chippendale Joins Transatlantic Board

Transatlantic Holdings, Inc. announced that Mr. Ian Hugh Chippendale has been elected to its Board of Directors at its Annual Meeting of Stockholders. He recently retired as Chairman of RBS Insurance, a division of the Royal Bank of Scotland Group. …