RSA Creates ‘Personal Lines Intermediated Division’ January 9, 2014 In a move that may or may not have been prompted by RSA’s recent troubles, the UK’s second largest insurer...
Willis to Acquire Specialist Broker Charles Monat Limited January 9, 2014 Willis Group Holdings announced that it has agreed to acquire Charles Monat Limited, a life insurance solutions adviser to high...
RSA Fires Executives as PwC Probe Reveals Inaccurate Reporting January 9, 2014 By Joe Brennan and Sarah Jones RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers...
Oil and Gas Fire as Canada Train Derails after Emergency Brakes Activated January 8, 2014 By Solarina Ho A Canadian National Railway train carrying crude oil and propane derailed and caught fire after the emergency brakes were activated,...
MGAA Sets February 24 as Date for Board Elections January 8, 2014 The Managing General Agents’ Association (MGAA) announced from its London headquarters that it has begun its board election process and...
Europe Hit by $2.25 B Economic Loss: Impact Forecasting December Cat Report January 8, 2014 Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has issued its monthly Global Catastrophe Recap report...
Zurich Names Dickie Chief Operations and Technology Officer January 8, 2014 Zurich Insurance Group has appointed Robert Dickie (54, British citizen) as Chief Operations and Technology Officer and a member of...
Baloise Germany Agrees to Eliminate 400 Jobs Over Four Years January 8, 2014 By Oliver Suess Basler Versicherungen, the German unit of Swiss insurer Baloise Holding AG, reached an agreement to cut 400 jobs by the...
India Refiners Delay Iran Oil Imports on Failure to Get Reinsurance January 8, 2014 By Debjit Chakraborty and Rakteem Katakey Indian Oil Corp. and two other state- run refiners said they will defer resuming purchases of Iranian crude by at...
Aon Benfield Securities Places $250 Million Cat Bond for QBE’s VenTerra Re January 7, 2014 Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced that it has...