An Illinois appellate court has reinstated a $120 million judgment against owners of the former Clark Oil refinery, reversing a Cook County judge’s decision to dissolve the class-action suit after a verdict was reached. The lawsuit against the now-shuttered, Texas-based …
Insurance brokerage firm The NIA Group LLC acquired Taylor Financial Insurance Agency of Jacksonville, Florida, marking NIA’s third agency purchase in the Sunshine State. Taylor Financial provides employee benefits and professional liability insurance to businesses and health care providers located …
Standard & Poor’s Ratings Services has said that its ratings on White Mountains Re Group Ltd. (WMRe) – currently ‘BBB-‘ with a stable outlook – and its operating subsidiaries, Folksamerica Reinsurance Co. and Sirius International Insurance Corp. “are not affected …
An upstate New York trucking company is accused of underreporting its payroll by $2.2 million, costing the state Insurance Fund more than $300,000 in lost workers’ compensation premiums. The state Insurance Department says Eagle River Inc., based in the Albany …
A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A+’ (Superior) from ‘A++’ (Superior) and issuer credit ratings (ICR) to “aa” from “aa+” for the domestic life and retirement services subsidiaries of American International Group, Inc. Best also …
ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report directly to Richard Pryce, President …
Marsh announced the appointment of Jeff Colburn as UK Leader of its Risk Consulting Practice in succession to George Davies, who has become Head of Marsh UK’s Risk Management Practice (See IJ web site – https://www.insurancejournal.com/news/international/2008/06/17/91035.htm). He will be based …
Zurich Financial Services Group has announced the appointment of Mario P. Vitale, currently Chief Executive Officer (CEO) of Global Corporate in North America, to the new role of Deputy CEO of Zurich’s Global Corporate business division. He will also become …
Aon Risk Services has appointed Marguerite Soeteman-Reijnen as managing director, head of broking excellence for Aon Europe, Middle East and Africa (EMEA), with immediate effect. The bulletin from Aon’s London office noted that the broking excellence unit “forms a core …
Lloyd’s announced an appeal to find relatives of war heroes who worked at Lloyd’s and lost their lives during the two World Wars. In a bulletin on it web site (www.lloyds.com) Lloyd’s explained that the appeal “comes ahead of a …
