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New York State Insurance Superintendent Eric Dinallo and Hector Sants, chief executive officer of the United Kingdom's Financial Services Authority said they have signed a memorandum of understanding

XL Capital Ltd, in a preliminary third quarter 2008 announcement, said it expects a net loss to ordinary shareholders of between $1.65 billion and $1.67 billion, compared to net income of $328 million

Mr. Paiano, she said, "has the broad industry experience, risk management background and leadership necessary to fortify our risk management capabilities, particularly in these rapidly changing times.

Deep Customer Connections (DCC) based in Acton, Mass. said the aim of its Ease of Doing Business (EDB) survey is to gauge a carrier's performance against what independent agents rate as most important

In a statement, Patrick W. Kenny, the current IIS president and CEO, said that in founding IIS, Mr. Bickley's "idea was ahead of its time, anticipating the importance of globalization of the industry.

Minneapolis-based Collins reinsurance brokerage and Brazil's newly-formed reinsurance brokerage Especializada Re announced yesterday that the two companies have an agreement to serve as exclusive corr