2,100 Jobs Lost in Insurance Industry in August October 13, 2011 The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000...
Aon Hires Willis Executive to Lead Contract Surety Unit in Boston October 13, 2011 Aon Risk Solutions appointed Paul Healy as executive vice president and national managing director of contract surety. Based in Boston,...
Ratings Recap: HSB (UK), Nissan Global Re, Optima, Hatherley/Park October 13, 2011 A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to ‘A++’ (Superior) from ‘A+’ (Superior) and...
U.S. Sanctions BP, Contractors for Gulf Oil Spill October 13, 2011 By Ayesha Rascoe The U.S. offshore drilling regulator Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion...
2 Life Insurers Meet Systemic Risk Criteria October 13, 2011 Only two life insurers — MetLife Inc.. and Prudential Financial Inc. — meet the newly developed requirements to be considered...
Catalina Holdings (Bermuda) Completes Residential Loss Control Acquisition October 13, 2011 Catalina Holdings (Bermuda) Ltd announced that following regulatory approval from the Colorado and Hawaii Departments of Insurance, it has completed...
Endurance Appoints Lamer to Head U.S. Property Cat Treaty Reinsurance October 13, 2011 Bermuda-based Endurance Specialty Holdings Ltd announced that Rene Lamer will assume the role of Senior Vice President and Head of...
AIR Analyzes Jova Damages October 13, 2011 According to catastrophe modeling firm AIR Worldwide’s Dr. Tim Doggett, even though hurricane Jova has weakened to a tropical depression,...
Fairfax Financial’s Hedges Shelter Insurer from Financial Crisis October 13, 2011 By Cameron French Toronto-based Fairfax Financial, which raked in billions during the 2008 financial crisis by using market hedges, is once again a...
BlackBerry Maker Scrambles to End Global Outage; Repair Damage to Brand October 13, 2011 By Alastair Sharp and Georgina Prodhan The company that makes the BlackBerry smart phone is working frantically to end a three-day global service disruption that has...