James Keating of Paoli, Pennsylvania, has been sentenced to 20 months of imprisonment, followed by three years of supervised release, for defrauding his former employer of more than $1.4 million. Keating was an assistant vice president and surety bond claims …
Aspen U.S. Insurance is expanding its cyber team and has named Josh Ladeau, formerly with Allied World Assurance Co., as senior vice president for Cyber Risk. Ladeau will focus on the growing the cyber portfolio within Aspen’s U.S. Professional Liability …
Lloyd’s have confirmed the election of three new members to the Council of Lloyd’s. Julian James and Neil Maidment were elected following a vote of working members of the Society of Lloyd’s and will serve a three year term. Philip …
Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the company’s annual shareholder meeting to be …
Allied World Assurance Co. is the top backer of MatlinPatterson Global Advisers’ bets on Puerto Rico’s rebound, according to a person familiar with the arrangement. The insurer provided more than half of the $150 million that MatlinPatterson invested in the …
Allied World Assurance Company Holdings, AG announced that Jonathan Evans will join the board of directors and become the Non-Executive Chairman of Allied World Managing Agency Limited, its Lloyd’s managing agency, subject to U.K. regulatory approval. From May 2010 to …
Allied World Assurance Company Holdings, AG announced that it has completed the acquisitions of the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA), following the receipt of all necessary regulatory and court approvals. The acquisitions, …
Allied World Assurance Co. agreed to take a stake in private-equity firm Blue Vista Capital Management LLC in a push into real estate investing. The insurer will also invest $225 million of its portfolio with Blue Vista, Allied World said …
Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial Institutions and Nicholas Lee as Vice President, European …
Allied World Assurance Company Holdings, AG announced that its shareholders approved the following proposals at the Annual Shareholder Meeting: An annual dividend increase of 35 percent, from $2.00 per share to $2.70 per share (pre-split). The new $2.70 dividend amount …
