United Kingdom News

Zurich’s Kyrill Claims Around $150 Million

Zurich Financial Services Group announced that “based on preliminary estimates it expects aggregate claims payments related to winter storm Kyrill not to exceed $150 million before tax.” Zurich noted that the “estimate is well within the Group’s net retention for …

Guy Carpenter Makes Management Changes

Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and Europe, effective immediately. David Priebe, 47, …

Royal & Sun buyout approval expected

A state hearing officer recommended that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations. Insurance Commissioner Matt Denn is expected to make a decision soon. Royal & Sun …

People and Places

William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of MetLife Auto & Home, and has been with the …

Lloyd’s climbs on the climate change bandwagon

There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective measures that can be taken to slow down …

TJX Facing Multi-State Probe, Mounting Lawsuits Over Data Breach

Massachusetts’ attorney general said last week that her office was leading a civil investigation by dozens of states into a computer security breach by a hacker who stole customer data from TJX Cos., owner of discount retail chains including T.J. …

News Currents

Royal & Sun management buyout approval expected A state hearing officer recommended that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations. Insurance Commissioner Matt Denn is expected to …

People

William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of MetLife Auto & Home, and has been with the …

Lloyd’s climbs on the climate change bandwagon

There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective measures that can be taken to slow down …

Chicago Aon’s Entertainment Group Announces Restructuring

The entertainment industry’s increasing emphasis on diversification has led to the restructuring of Aon’s Entertainment Group. Effective immediately, Aon/Albert G. Ruben, the worldwide leader in the film and entertainment business, will become part of Aon’s Entertainment Group. The 120-employee business …