James W. Black, retired vice chairman and chief operating officer of FM Global, died Aug. 31 following a battle with cancer. He was 62. “Jim was widely admired as a visionary, a leader and a caring human being,” said FM …
Iowa’s hail, wind and ice storms over the past few years are driving up homeowners’ insurance rates as much as 20 percent, according to the Des Moines Register. Like many other states, Iowa homeowners are facing steeper increases in their …
CATEX, the international reinsurance intermediary, which pioneered the trading system employed by insurers to exchange risks over the Internet, announced that the 1000th deal using its facilities occurred Tuesday night. CEO Frank Fortunato characterized it as reaching “another significant operational …
Arch Capital Group Ltd., a diversified Bermuda-based financial services company, announced plans to acquire Tri-City Brokerage, Inc. from Ullico Inc. for an undisclosed amount. Tri-City, which has offices in Chicago, Long Island, Los Angeles, San Francisco and New York, was …
Anglo-Swiss group Zurich Financial Services announced first half results that were largely in line with its announcements in February and March that earnings would decrease this year. It posted a 1st half normalized net income of $922 million against $1.1 …
According to an article distributed by the Associated Press, no fewer than five lawsuits have been brought against Conn.-based insurer Golf Marketing, for failing to pay off the winners in a number of promotional contests. Golfers who, against all odds, …
Boston-based Liberty Mutual Group announced that it was in the final stages of concluding an agreement with OneBeacon to set up a partnership arrangement “to transfer OneBeacon’s property and casualty business and staff and operations in 42 states” to Liberty. …
Fox-Pitt, Kelton Inc., a unit of reinsurer Swiss Re, is expanding its San Francisco branch office to include a team of investment bankers that will focus on mergers and acquisitions and capital-raising for financial institutions in the western part of …
The Society of Environmental Insurance Professionals (SEiP) is presenting the “Environmental Insurance Forum” on Sept. 6-7 at The Wilshire Grand in Los Angeles. The conference will focus on solving the environmental risk financing needs of internal and external customers through …
A bill that would prevent employers from reading employees’ communications on work e-mail addresses passed the California State Assembly and now awaits Gov. Gray Davis’ signature. The bill, originally sponsored in the State Senate by Debra Bowen, passed the Assembly …
