January, 2008
HAMILTON, Bermuda?Clive R. Tobin will retire as chief executive officer of insurance operations at XL Capital Ltd. and be succeeded by David B. Duclos, currently the unit?s chief operating officer, Hamilton, Bermuda-based XL announced Monday. Mr. Tobin?s retirement is effective April 1, according...
HELENA, Mont.?Montana?s Supreme Court recently ruled in two separate workers compensation cases that the employees were due insurance for injuries. On Thursday, a unanimous Supreme Court agreed with a Montana District Court ruling that Maril BeVan?s injuries sustained in May 2005 car crash should...
SOUTHFIELD, Mich.?North Pointe Holdings Corp. on Friday signed a definitive merger agreement to be acquired by QBE Holdings Inc. in a cash transaction valued at approximately $146 million. New York-based QBE Holdings Inc. is a subsidiary of Australia-based insurer and reinsurer QBE Insurance Group...
JOHANNESBURG, South Africa?SCOR S.E. has opened a representative office in South Africa to provide its regional clients there with easier access to the reinsurer?s global services. SCOR?s new office in Johannesburg is part of the company?s strategic development plans for the English- and...
LONDON (Reuters)? Over a third of British companies with defined-benefit pension schemes plan to either close them to new members or limit their benefits over the next five years, an industry body said on Friday. A survey by the National Association of Pension Funds showed that 15% of...
NEW YORK?In the first major move under its new chief executive officer, Marsh Inc. Thursday announced a new global organizational structure and senior management team. Marsh?s global insurance brokerage business is being consolidated into two geographical divisions?United States/Canada...
GOTEBORG, Sweden?Lars Rhodin has been named managing director of the Swedish Club and will replace Frans Malmros this summer. Mr. Rhodin?s appointment to head the Goteborg, Sweden-based protection and indemnity club is effective July 1. He has served as the mutual marine insurer?s deputy...
NEW YORK?In the first major move under its new chief executive officer, Marsh Inc. Thursday announced a new global organizational structure and senior management team. Marsh?s global insurance brokerage business is being consolidated into two geographical divisions?United States/Canada...
KANSAS CITY, Mo.?Salaries for the five highest-paid executives of the National Assn. of Insurance Commissioners range from $193,500 to $370,000 this year. Catherine J. Weatherford has a salary of $370,000 this year for serving as executive vp and chief executive officer of the Kansas City,...
Subprime mortgage problems and stock market volatility drove up securities class action lawsuit filings in the second half of 2007, but total filings last year remained below the 10-year average, according to a report released Thursday. With 100 suits filed, the second-half increase ended an...
