News
BMA Stats Show Bermuda Insurer Registrations Jumping Over 70% in 2013
According to the Bermuda Monetary Authority, Bermuda registered 91 new insurance companies in 2013, with the figure representing a 72 percent jump over the 53 firms registered in 2012. The new ...
Iglesias Succeeds Knight as President of Allied World North America
Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America. Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon ...
Oracle Denied Bid to Have D&O Insurer Beazley Pay $20M Over Ellison Acquisition
Oracle Corp. can't rely on an insurer to pay $20 million to help settle shareholder claims over the software maker's acquisition of a company controlled by Oracle founder Larry Ellison, a judge ...
Montpelier Appoints Brookman SVP, Head of Capital Markets
Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, on Thursday announced that Daniel Brookman has been appointed senior vice president and head of ...
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
Obamacare Site Vulnerable to Hackers, Some Experts Tell Reuters; Others Disagree
A group of cyber security professionals is warning that the U.S. government has failed to implement fixes to protect the HealthCare.gov website from hackers, some three months after experts first ...
Yahoo COO de Castro Axed After 14 Months on Job
Yahoo! Inc. Chief Executive Officer Marissa Mayer dismissed Chief Operating Officer Henrique de Castro after 14 months, amid disappointment with his efforts to boost growth, according to people with ...
Brown & Brown to Acquire Flood, Specialty Insurer Wright Insurance Group
Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright's lead equity partner. ...