A New York judge rejected former International Monetary Fund chief Dominique Strauss-Kahn’s claim of diplomatic immunity on Tuesday, ruling a lawsuit filed by the hotel maid who accused him of sexual assault can move forward. Bronx Supreme Court Justice Douglas …
The U.S. Food and Drug Administration should review drugs on a regular basis for as long as they are on the market in order to catch any new safety issues, according to a report from an independent research body. The …
The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion settlement of private party …
Warren Buffett is not one to talk much about his personal life in public, but his prostate cancer may dominate the conversation this weekend when his conglomerate Berkshire Hathaway convenes its annual shareholder meeting. The event dubbed “Woodstock for Capitalism” …
Selected earnings highlights from PartnerRe for the first quarter of 2012 are as follows: Q1 2012 Q1 2011 Gross premiums written ———— $1.567 bn $1.557 bn Net premiums written ————— $1.473 bn $1.470 bn Net premiums earned ———– $989.83 mn …
The Swiss-based insurance think tank Geneva Association has followed up on its recent report as to whether or not some insurers should be considered as G-SIFI’s (globally systemic important financial institutions). The Association has sent a letter to the Federal …
The latest Insurance-Linked Securities (ILS) Market Update from Willis Capital Markets & Advisory (WCMA), part of global insurance broker Willis Group Holdings, notes a “record issuance in the catastrophe bond market in the first quarter of 2012, with eight new …
Lexington Insurance Co. has introduced a technology contract risk policy called Parity.Parity protects organizations from potential losses and expenses resulting from the negligence of a technology professional. A technology professional’s negligence may result in an organization suffering losses that are …
Willis Re, the reinsurance arm of Willis Group Holdings, has appointed Andrea Welsch to the position of Executive Director, effective May 28, 2012, based in London. In this newly created role she “will be contributing to Willis Re’s growth and …
Europe looks to be entering a credit crunch, with loans harder to get and those that are made coming on tougher terms. Strikingly, banks are being tight despite falling demand for credit, pointing to a nasty interaction between the economy, …
