Industry News
AIG Expands D&O Side A Capacity to $100M
American International Group, Inc. announced Thursday that it is now offering globally up to $100 million in limits for Side A directors and officers liability insurance. Side A insurance responds ...Berkshire Hathaway Specialty Insurance Names Healthcare, Construction Leaders
Berkshire Hathaway Specialty Insurance named leadership for its healthcare professional liability and construction businesses, announcing that Leo J. Carroll and William B. Sullivan have joined the ...
Zurich Insurance Q2 Profit Drops After Natural Disaster Losses
Zurich Insurance Group AG, the biggest Swiss insurer, said the target for its general insurance business was "challenging" after natural catastrophe losses cut second-quarter profit by 27 percent. ...
Pattison, Cooper Join Endurance
On Wednesday, Endurance Specialty Holdings Ltd. announced that Stuart Pattison has joined Endurance to lead the company's U.S. Law Firm practice. Earlier in the week, Endurance announced that Fred ...Iron-Starr Excess CEO Leaving Post
Ironshore Inc. announced Wednesday that Stuart Anderson, Chief Executive Officer of Iron-Starr Excess Agency Ltd., is relocating for personal reasons and therefore stepping down from his position. ...
Sinkholes Not Occurring More Frequently In Florida
Sections of a building at a resort near Orlando's theme park district collapsed into a sinkhole late Sunday, forcing the evacuation of 105 guests in the structure and also dozens of visitors staying ...Meadowbrook Says Impairment Is $115.4 Million After Downgrade
Meadowbrook Insurance Group Inc., the insurer whose rating was cut by A.M. Best Co. this month, took a provisional impairment of $115.4 million as of June 30 after a review tied to the downgrade. The ...
Allied World Europe Invests In London-Based MGA
Allied World Assurance Company Holdings, AG announced Wednesday that Allied World Assurance Holdings (Ireland) Ltd entered into an agreement with Gravity Underwriting Limited whereby Allied World ...