Bermuda-based Sovereign Risk Insurance Ltd. announced that Sophie Demeyer will join the Company as a Vice President and Senior Underwriting Officer. She will replace Nila Davda, who is relocating to open Sovereign’s office in Dubai. Demeyer comes to Sovereign from …
According to a recently released report from Marsh, “insurance rates across most lines of business in the Europe, Middle East and Africa (EMEA) region continued to soften in the first half of 2008.” However, “the report also identified trends being …
The United States is discussing with allies how insurance firms can more rigidly apply sanctions on Iran to step up pressure over its disputed nuclear program, a senior U.S. Treasury official said on Tuesday. Stuart Levey, Treasury undersecretary for terrorism …
Warren Buffett said the U.S. economy is still in a recession and unlikely to improve before 2009 but that stocks appear better valued than a year ago. The billionaire investor also said there is a “reasonable chance” shareholders of Fannie …
UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of detail than ever …
Houston-based HCC Insurance Holdings, Inc. reported that it has reached a settlement with the U.S. Securities and Exchange Commission over its stock option granting practices. HCC said it consented to a permanent injunction against future violations of the reporting, books …
Aon Corp. has appointed Damien Guermonprez as chief executive officer of Aon France. He replaces Vincent Redier, who will continue to serve as executive chairman of Aon France, member of the executive board of Aon Risk Services (ARS), and chairman …
Zurich Financial Services Group announced that Markus Hongler, currently CEO of Zurich Switzerland, has been appointed CEO of Zurich Insurance Ireland Limited (ZIIL), Zurich’s main EU-wide risk carrier for general insurance. The appointment will become effective January 1, 2009, in …
The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site – https://www.insurancejournal.com/news/international/2008/02/28/87725.htm). With likely insured losses of between £15 million and £30 million, the magnitude 5.2 ‘quake …
“Winter storms in Europe are like London buses,” says an article on the Lloyd’s web site (www.lloyds.com) – “You don’t see any for a while and then along come two or three, one behind the other.” The four month European …
