Three men who pled guilty for their respective involvement in an insurance fraud scam will face the consequences.

Trusted Choice, the independent insurance agent branding campaign, said it has received two Aurora Awards for advertising excellence.

Despite international efforts that have suppressed some attacks on Gulf of Aden shipping, the piracy problem is escalating along with a 10-fold increase in vessel insurance rates, a maritime expert said.

Hamilton, Bermuda-based insurer Validus Holdings Ltd. vowed it would fight to take over IPC Holdings Ltd. after the company's board said yesterday that it thought merging with Max Capital Group Ltd. was a better deal.