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Chicago-based insurance broker Aon Corporation said it has appointed Hamish Roberts with the Jardine Lloyd Thompson group of companies as its global practice leader for its power business. The power b
"We see a softening cycle, for 2008," Richard Ward told National Underwriter here. "For us the important thing is that we maintain underwriting discipline--write the right business at the right price a
The bill, known as S. 2040, would raise the limits on the income election threshold for small insurers. Such companies under this threshold level can choose to be taxed only on their investment income
In response to NU's latest "Question of Ethics," readers weighed in on the ethical implications of doing business in states where claimants seem to be able to "profit" from their losses--getting more
Mr. Britt, a managing director with Marsh USA Inc. in Charlotte, N.C., succeeds Betsey L. Brewer as president. In addition, Marvin Kell was named president-elect, Douglas J. Holtz was named vice presi
WASHINGTON--Rep. Barney Frank, D-Mass., said yesterday he is at work on a solution to budget issues that caused the House leadership to delay this week's floor action on legislation extending federal s
On Aug. 2, Zurich reported that the estimated losses for the extreme weather that occurred in the United Kingdom in June would not exceed $400 million before taxes. These charges were reported in the
The International Association of Investigation Units announced yesterday that Ed Welch, an SIU investigator for State Farm Insurance, was named its 2007 Investigator of the Year for a probe that saved
J.D. Power in Westlake Village, Calif., an information services firm which conducts customer satisfaction surveys, said that five lines of Marsh's call center business were recognized for providing "A
The insurance brokerage said it issued $100 million in Senior Secured Notes, Series A, which were used to pay outstanding loans under its credit agreement. The notes will mature on Aug. 27, 2017. Unde
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