British Prime Minister Gordon Brown said any bank found guilty of wrongdoing could have to pay millions of dollars in compensation. Britain this week launched a probe into alleged fraud by Goldman Sachs after the United States accused Wall Street’s …
IronPro, the professional liability division of Ironshore Inc, has entered into a joint relationship with Jardine Lloyd Thompson (JLT) Facilities Inc. to offer lawyers professional liability (LPL) insurance. IronPro’s new lawyers professional liability program will be administered and underwritten by …
Bermuda-based Ariel Reinsurance Company Ltd. appointed Tom Hulst as CEO. Hulst will report to George Rivaz , the chairman of Ariel Reinsurance and CEO of Ariel Holdings. Hulst has been with the Ariel Re since shortly after its formation in …
Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system to combine insurance and tax preparation under one roof, announced it has opened 20 new locations during the past 90 days. The company’s unprecedented growth phase has increased its presence to …
Compare the estimated $30 billion in after tax profits that the U.S. property and casualty marketplace will likely book for 2009 to the year end results of the hospitality industry, whose lodging (occupancy near 56 percent), restaurants and entertainment segments …
The Travelers Cos. Inc. reported net income for the first quarter 2010 dropped just $15 million, to $647 million in Q1 2010, compared to $662 million in Q1 2009. Operating income in the current quarter declined as well to $631 …
Despite a sizable increase in catastrophe claims, New Jersey-based insurer Chubb saw first quarter profits climb 36 percent to $463 million, up from $341 million in the year-ago quarter. The impact of catastrophe claims for the quarter, which includes the …
Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced the appointment of Diane Nance-Ona as territory manager for Nevada. Nance-Ona will implement operational strategies and marketing plans to enhance existing agency relationships and identify prospects for agency expansion and …
Specialty property and casualty insurance holding company, National Interstate Corp., headquartered in Richfield, Ohio, has been chosen as the most trusted small-cap company on the Forbes 2010 Most Trustworthy Companies list. The Forbes list recognizes companies that consistently demonstrated transparent …
Equity Risk Partners (ERP), an insurance brokerage and employee benefits consulting firm focused exclusively on the needs of the private equity industry, has added Charles Blackmon as senior principal – Executive Liability in its Chicago, Ill., office. Blackmon joins Equity …
