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Business Moves

AXIS Capital, Aon Media/Pro AXIS Capital, a global specialty commercial property/casualty insurer and reinsurer, agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter specializing in professional liability lines, from Aon Underwriting Managers. Headquartered in …

Study claims U.S. ‘tort tax’ amounts to $865 billion cost each year

News Currents America’s legal system imposes an economic cost of more than $865 billion, or more than $9,800 per family, every year, according to a new study released by the Pacific Research Institute (PRI), a free-market think tank based in …

Study claims U.S. ‘tort tax’ amounts to $865 billion cost each year

America’s legal system imposes an economic cost of more than $865 billion, or more than $9,800 per family, every year, according to a new study released by the Pacific Research Institute (PRI), a free-market think tank based in San Francisco. …

Broker Integro Forms International Unit Based in London

Integro Ltd., a New York-based insurance brokerage and risk management firm, is forming an international insurance and reinsurance business unit based in London. The new group will offer worldwide insurance and reinsurance business capabilities for independent brokers and partners. Its …

Integro Forms London Insurance & Reinsurance Unit

New York-based Integro Ltd. announced the formation of an international insurance and reinsurance business unit to be based in London. The group will offer global insurance and reinsurance business capabilities for independent brokers and partners, and will be able to …

Alea Posts Earnings; Agrees to be Acquired by FIN Acquisition

Concurrent with the release of its final results for 2006, the Alea Group announced that it has “reached agreement on the terms of a recommended cash acquisition of Alea by FIN Acquisition, a company formed at the direction of Fortress …

Aon Re Global Study Finds Reinsurance Rates ‘Flat to Lower’

Aon Re Global’s analysis of reinsurance rates found premiums for “personal lines, standard commercial lines and complex commercial lines,” are “likely to be flat to lower during mid-year renewals of property catastrophe reinsurance programs.” Aon Re even found evidence of …

AXIS Capital to Acquire Aon’s Media/Professional Insurance

AXIS Capital, a global specialty commercial property and casualty insurer and reinsurer, has agreed to acquire the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter specializing in professional liability lines of business, from AON Underwriting Managers. Headquartered …

RMS Publishes ’60-Year Retrospective’ on 1947 U.K. Floods

Risk Management Solutions has published a report on the “most catastrophic river floods for at least 200 years,” which occurred in the UK in March 1947. “The flooding, which inundated nearly all the main rivers in the South, Midlands and …

Study Claims U.S. ‘Tort Tax’ Tops $9,800 Per Family

America’s legal system imposes an economic cost of more than $865 billion every year, or more than $9,800 per family, according to a new study released by the Pacific Research Institute (PRI), a free-market think tank based in San Francisco. …