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BP Settles Gulf Oil Spill Cross Claims with Halliburton, Transocean

BP Plc has settled with oilfield services provider Halliburton Co. and contract driller Transocean Ltd. cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history. BP still faces a potential fine of …

Car Owners Seeking Air Bag Recall Information Swamp NHTSA Website

Hundreds of thousands of car owners who yesterday were urged to check a government website and see if their air bags are safe have overwhelmed the site and U.S. regulators say it might take several days before the database is …

Cleanup Continues for Oil Pipeline Spill Along Southern California Coast

California Governor Jerry Brown declared an emergency in Santa Barbara County after a Plains All American Pipeline LP oil conduit leaked as much as 2,500 barrels of crude along the state’s southern coastline. About 500 barrels of crude entered the …

Brokerslink Signs Partnership Pact with African Insurer Saham Finances

Independent broker network Brokerslink has signed a three year strategic partnership agreement with pan-African insurance group, Saham Finances. The bulletin said the agreement one of the biggest pan-African insurance groups (outside of South Africa) with a turnover of more than …

Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion

London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At constant rates of exchange, gross written …

‘Outside Forces’ are Changing the Industry: Markel’s Kumana Has Solutions

Darius Kumana leads a new team with a new mission that aims to bring the re/insurance industry into the 21st century. He recently joined Markel International in London as head of IT and Digital Strategy – specialties that until recently …

AEGIS London’s Managing Director Moves to Canopius as Group CEO

AEGIS London announced that Stuart Davies, the company’s managing director, has resigned to take up the group CEO role at Canopius. At Canopius, Davies succeeds Michael Watson who remains the company’s chairman. As group chief executive officer, Davies will assume executive responsibility for …

Berkshire Hathaway Specialty Names Emerson to Head Liability Claims in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has named Paul Emerson as head of liability claims in Canada. Emerson comes to BHSI from the law firm of Clyde & Co Canada LLP. “As an attorney with extensive experience handling casualty, executive and …

AXIS Says Termination Fee Would Soften Blow if PartnerRe Deal Collapses

AXIS Capital Holdings Ltd. Chief Executive Officer Albert Benchimol, who’s working to complete a merger with PartnerRe Ltd., said his company can withstand a collapse of the deal and that a termination fee would soften the blow. “We intend to …

Prosecutors Say Ex-Security Guard Helped Thieves in Kentucky Bourbon Theft Ring

The alleged head of a bourbon theft ring recruited a security guard and paid her $800 to look the other way as thieves spirited away thousands of dollars’ worth of whiskey from a Kentucky distillery, prosecutors said this week. Leslie …

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