Specialty
ACE Private Risk Services Makes Key Executive Appointments
ACE Group's high-net-worth personal lines insurance business, ACE Private Risk Services, has named Clyde Douglas as senior vice president of Claims and Eileen Castolene as vice president of ...
Nursing Home Trial Challenges Liability Transfers to Shell Companies
Juanita Jackson died in July 2003, five weeks after she was removed from a Florida nursing home where her family said continual neglect led to multiple bedsores, malnutrition and a fall that injured ...
Catalina Agrees to Acquire Danielson Indemnity
Catalina Holdings (Bermuda) Ltd. has signed a definitive agreement to acquire Danielson Indemnity Company, the holding company of National American Insurance Company of California and Danielson ...
Deere Weighing Possible Sale of Crop Insurance Biz
Deere & Co., the world's largest maker of agricultural equipment, hired Citigroup Inc. to look at strategic options for its crop insurance unit as it sells assets to focus on core businesses such ...
AXIS Capital Eyeing More Insurance Biz, Acquisitions as Re Market Gets Uglier
AXIS Capital Holdings Ltd. plans to expand the insurance side of its business to make up for lower earnings from the reinsurance segment. "I wouldn't be surprised now over the next couple of years if ...
SEC Paying $30M-Plus to Whistleblower in Largest Award Yet
An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to ...
Canada Mulls Special Fund to Spread Oil-by-Rail Insurance Burden
The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for ...
XL Group Tags Four for Scottsdale E&S Launch
XL Group has launched a regional underwriting operation in Scottsdale, Ariz., the carrier announced last week, saying that it would be staffed by four former underwriters of Scottsdale Insurance— ...