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Mr. Gray, head of Beazley Property Group, said the new facility was formed "because many of our U.S. clients need additional capacity. The impact of last year's exceptional hurricane season continues
An insurer trade organization said it is joining self-insureds, business groups and municipalities in urging California Gov. Arnold Schwarzenegger to reject a bill that would double benefits to injure
Anyone who doubts how big a risk Long Island and New York City might face should a major hurricane hit the vulnerable region need only examine the extensive damage done when the relatively mild Ernest
Alea Group Holdings (Bermuda) Ltd. said they have applied to the UK Listing Authority for a Block Listing of 72,818 common shares of one cent to trade on the London Stock Exchange and to be admitted t
Equitas Ltd., the Lloyd's runoff company for asbestos and other long-tail claims, has made progress in reducing its balance sheet exposure, according to a Standard & Poor's report on the operation's 1
The new insurance company, ITA? XL Seguros Corporativos S.A., will combine the current Brazilian property, casualty and specialty commercial insurance business of S?o Paulo, Brazil-based ITA? bank and
The new insurance company, ITA? XL Seguros Corporativos S.A., will combine the current Brazilian property, casualty and specialty commercial insurance business of S?o Paulo, Brazil-based ITA? bank and
Mr. Tizzio served as president of AIG from 1991 to 1997, and was responsible for AIG's worldwide property-casualty business. After joining the AIG organization in 1967, Mr. Tizzio was active in the co
Mr. Tizzio served as president of AIG from 1991 to 1997, and was responsible for AIG's worldwide property-casualty business. After joining the AIG organization in 1967, Mr. Tizzio was active in the co
Specifically, the 2004 and 2005 hurricane seasons revealed the potential for greater frequency and higher severity of insured losses related to natural catastrophes. "This realization will continue to
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