Aon Benfield Reports Reinsurers’ Capital Remains Strong Despite near Record 2011 Cat Losses April 11, 2012 Aon Benfield’s latest edition of its Aon Benfield Aggregate (ABA) report, which analyzed the year end 2011 financial position of...
Zurich’s Name Change to Zurich Insurance Group Now Official April 11, 2012 Zurich Financial Services Group has announced that the name change from Zurich Financial Services Ltd to Zurich Insurance Group Ltd...
Platinum estimates $24.8 Million Q1 2012 Losses from Catastrophes April 11, 2012 Bermuda-based Platinum Underwriters Holdings, Ltd. announced that it expects major catastrophe losses will have a net negative impact of approximately...
Japan P&I Club Ship Insurer Sets New Rules on Iran Oil Transport April 11, 2012 By Osamu Tsukimori Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian...
Best Lowers, Withdraws Omega Specialty Ratings; Affirms Lloyd’s Syndicate 958 April 11, 2012 A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit...
Court Narrows Federal Law on Computer Fraud April 10, 2012 By Jonathan Stempel and Terry Baynes A U.S. appeals court rejected the government’s broad reading of a computer fraud law to prosecute workers who steal from...
Reebok, Nike Settle Suit Over Tebow Apparel Sales April 10, 2012 By Grant McCool and Jonathan Stempel Reebok International Ltd. agreed to settle a lawsuit by rival Nike Inc. and will stop selling New York Jets football...
MF Global Executives Win Access to Insurance Monies for Defense April 10, 2012 By Jonathan Stempel Former MF Global Holdings Ltd. Chief Executive Jon Corzine and other company officials won court permission to tap as much...
Calif. Senate Panel Oks Coastal Conservancy Climate Change Plan April 10, 2012 A plan to help ensure the California Coastal Conservancy can work on addressing climate change was approved by the Senate...
Severe Weather Has Home Insurers Rethinking Coverages April 10, 2012 By Matt Stroud As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property....