OneBeacon Insurance Group has agreed to acquire Entertainment Brokers International Insurance Services, a California managing agency specializing in the entertainment, sports and leisure industries. The sale is expected to close early in the third quarter. EBI has locations in Los …
Marsh has announced that its aviation reinsurance team will join Guy Carpenter, also an MMC company, which specializes in all aspects of reinsurance, by the end of 2008. When the process is completed, 29 Marsh colleagues will transfer to Guy …
Marsh’s recent survey of leading UK businesses has revealed that “risk management has yet to be fully integrated into the decision-making process at board level among top European businesses.” Marsh conducted a survey of risk managers at the recent annual …
Bermuda-based ACE Limited has announced that, based on current estimates, the impact of the recent floods in the Midwestern U.S. “will have a negligible impact on both second quarter and full-year earnings per share results on its crop insurance business.” …
“Convergence between the capital and insurance markets is gaining pace and Lloyd’s insurers are at the forefront of developments,” notes an article on the Lloyd’s web site (www.lloyds.com). The latest sign of convergence in the sector is a deal announced …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Virginia-based Markel North America Insurance Group and its members. Best also affirmed the ICR of “bbb+” and the …
The scientist who 20 years ago first told Congress that the Earth’s climate was warming said Monday that urgent action was needed to cut greenhouse gases and proposed a tax on carbon emissions. James Hansen, the director of NASA’s Goddard …
Forced asset sales that have frozen major markets in the credit crisis have caused barely a ripple in the $22 billion catastrophe bond market this year and instead only enhanced its liquidity. Goldman Sachs estimates secondary trading volumes are up …
Oregon’s Department of Consumer and Business Services Insurance Division has published the 2007 Annual Complaint Statistics, ranking major insurers based on their complaint records in six common lines of insurance: personal auto, health, homeowner, life, annuities, and long-term care. This …
A congressional report found two out of three work-related illnesses and injuries may be going unreported, and called into question federal regulators’ claims that workplace problems are declining. The House Committee on Education and Labor, which released the report in …
