Southern New Jersey towns hit hard by severe storms that ripped through the area last month could be in line to get federal aid to help offset cleanup costs. Federal Emergency Management Agency officials spent a second day in the …
The article Damage Assessment Tops $20M in Storm-Hit New Jersey Counties appeared first on Insurance Journal.
Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*. In addition, Aubert was named LIIBA representative to the London Market Group (LMG), which …
The article Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn. appeared first on Insurance Journal.
Amtrak said it will concede that it’s liable for most damages caused by the May 12 train derailment in Philadelphia that killed eight passengers and injured dozens. The railroad acknowledged Friday in responses to two lawsuits that it won’t contest …
The article Amtrak Concedes to Liability in Philadelphia Train Derailment Cases appeared first on Insurance Journal.
A bulletin from Bermuda notes that the island’s parliament took regulatory action this week to align its regulatory insurance procedures, which it hopes will lead to “recognition by the European Commission as being fully equivalent under the insurance prudential regulatory …
The article Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’ appeared first on Insurance Journal.
PartnerRe Ltd., seeking to fend off a hostile $6.8 billion cash bid from EXOR SpA, is weighing whether it can arrange new terms with rival reinsurer AXIS Capital Holdings Ltd. to preserve their planned merger. The two Bermuda-based insurers postponed shareholder votes …
The article PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer appeared first on Insurance Journal.
Willis Group Holdings plc announced two senior appointments to lead its Asia regional operations in Affinity marketing and SMEs, and human capital and benefits (HCB). David Chan is now Asia Head of Affinity and SMEs, and Cedric Luah is Asia …
The article Willis Asia Appoints Chan, Luah to Key Posts in Affinity Marketing, SME’s, HCB appeared first on Insurance Journal.
Typhoon Chan-hom, which caused the evacuation of about a million people and the cancellation of hundreds of air flights in eastern China on Saturday, weakened as it moved northeast along the East China ocean toward the Korean peninsula. Chan-hom was moving …
The article Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula appeared first on Insurance Journal.
The impact of Greece exiting the eurozone is likely to hit market confidence in the region, although (re)insurers operating in the economic bloc are well positioned to withstand a continued period of volatility, according to a briefing published by A.M. …
The article A.M. Best: Eurozone Insurers Remain Robust Despite Instability in Greece appeared first on Insurance Journal.
Swiss Re Corporate Solutions has named Natasha Wally as Country Manager for South Africa. She will head up the company’s wholly owned subsidiary, Swiss Re Corporate Solutions Advisors South Africa Pty. Ltd. Wally will be based in Johannesburg and in …
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Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA if the country doesn’t return to stability. “Depending upon how the political situation develops, it is possible that we will exercise the right …
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