An investment analyst said homeowner insurers should benefit from the drop in new home construction by lowering the cost for building replacement homes, but the economic slowdown could increase losses
Zurich introduces "Side A" D&O productZurich introduced Zurich Side A Executive Asset Protection. The policy provides coverage for directors and officers and others with fiduciary responsibilities whose personal assets may be at risk due to
Brian Duperreault, who helped build a behemoth in Bermuda as chief executive officer of ACE Ltd. after over two decades at AIG, was tapped last week to help turn around another industry giant--Marsh
Analysts reacted positively to the news of Brian Duperreault's appointment as Marsh & McLennan Companies' chief executive officer, with many saying that his lack of brokerage experience would not be a
Some have speculated that a deal would involve the private equity firm Kohlberg Kravis Roberts & Co., which took Willis Group Holdings private in 1999. In 2002, the firm went public again under curren
The decision by the 5th U.S. Circuit Court of Appeals overturns a ruling by U.S. District Court Judge L.T. Senter Jr. in Gulfport, Miss., that ruled out a portion of State Farm's policy language as
"Prism indicates that whole life insurance requires very little capital, often as little as 2% of reserves at the AA capital level threshold," Fitch analysts write in a discussion of the results.
Converium, the multiline reinsurer, announced it has changed its name and elected a new board of directors to replace its prior board members, all of whom stepped down effective as of an extraordinary
If an employee is injured during the course of employment, that employee, in most circumstances, will receive scheduled workers' compensation benefits.
Markel announces program for child-welfare organizationsMarkel Insurance Co., along with program administrator Child Welfare Insurance Services, introduced Child Welfare Insurance, a program that covers child welfare organizations for group homes