Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, …
The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power increasingly moving to the center, according to the findings of a new global survey by Willis Re, the reinsurance business …
Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced it has reached an agreement with Kane Group to acquire its insurance management operations (KIM). This acquisition is expected to close on or about March 31, 2016 and is subject to certain …
Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd. Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in Kenya, Cote d’Ivoire, and now London. The group, established 20 years ago, …
Section II (Liability Coverage) of the Business Auto Coverage (BAC) form describes who qualifies as an insured (II.A.1.). Employees using their personally-owned vehicle to conduct business on behalf of the named insured’s business are specifically excluded from coverage. However, employment …
Belgium was on the highest terror-alert level after three bombings in Brussels on Tuesday killed at least 31, injured more than 180 and raised fears of follow-up attacks. Prime Minister Charles Michel, condemning the deadliest terror attack on Belgian soil …
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), with 85 total losses reported worldwide last year, down from 88 in 2014 and well below …
Chubb announced a number of appointments within its claims management team in Europe, with immediate effect. All the following positions will report to Peter Murray, director of claims for Chubb in Europe and will be based in London, unless otherwise …
Dallas, TX, March 22, 2016 — National wholesale brokerage and managing general agent Worldwide Facilities, LLC is pleased to announce that its Dallas office is growing—and it is adding two new members to its team. Philip Collins is joining Worldwide …
On March 1, 2016, Affirmative Insurance Co. was declared insolvent by at least $31 million by Acting Illinois Insurance Director Anne Melissa Dowling, who filed with the Illinois Supervising Court a Complaint for Liquidation with a Finding of Insolvency against …
