The Texas Department of Insurance (TDI) is conducting a mandatory data call for certain information related to claims in the counties of Angelina, Austin, Brazoria, Brazos, Chambers, Cherokee, Fort Bend, Galveston, Gregg, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, …
Cayman Islands-based Greenlight Capital Re announced the election of Bryan Murphy to the company’s Board of Directors. Murphy, 63, has over 40 years of experience in the insurance and reinsurance business and has held senior executive positions in companies located …
Bermuda-based AXIS Capital Holdings Limited announced that Cheryl-Ann Lister has been appointed to its Board as an independent director. She will serve as a Class II Director and as a member of the Audit Committee of the Board. Lister currently …
Lloyd’s has welcomed the first group of candidates to be accepted in to its graduate program. The nine graduates have spent the past week learning about Lloyd’s and the London Insurance Market, meeting their new colleagues and taking part in …
The Bermuda-based Max Capital Group Ltd. announced preliminary estimates of claims for Hurricanes Gustav and Ike that range from approximately $35 million to $50 million, net of reinstatement provisions. Max Cap said the “loss estimates are based on its proprietary …
ACE Europe announced that it has launched “ComputerGuard Plus,” its comprehensive IT hardware and network security policy, on the Safeonline broking system. “Brokers using the Safeonline system can now quote and bind their ComputerGuard Plus policy in one quick easy …
Marsh’s London office announced the appointment of William Diaz as head of Marsh Client Technologies, “a newly formed unit that comprises MarshConnect, the firm’s global client technology interface, and CS STARS.” Diaz will work with Marsh’s clients and the firm’s …
A combination of “class action contagion from the US and growing economic uncertainly have spurred an unprecedented surge in the demand for management liability insurance among the UK’s top firms,” according to a survey from Marsh. Marsh indicated that, “two …
A study, released in London by Standard & Poor’s Risk Solutions, analyzes the 2007 year end financial returns of UK SME’s [small and medium enterprises]. It found that, “not surprisingly,” the sector with “the highest default risk in 2008 is …
A report from Standard & Poor’s Ratings Services’ Paris office – “Global Financial Institutions Eye Another Wave Of Write-Downs As U.S. Housing Woes Spread -” forecasts that global financial institutions “will face more securities write-downs combined with rising loan losses …
