In a statement, Converium said its board of directors said the bid was not in the best interest of the company's shareholders or customers. It rejected the bid because "it fundamentally fails to recog
In a market report titled "Look Beyond the Obvious," Aon analysts noted that the generally benign storm activity in 2006 has led to a worldwide decrease in rates for liability coverage, with plentiful
Wole Coaxum, who joined Willis in 2002, has more than 18 years of experience in various leadership positions in the insurance and financial services industries. He is leaving to pursue other interests
Wole Coaxum, who joined Willis in 2002, has more than 18 years of experience in various leadership positions in the insurance and financial services industries. He is leaving to pursue other interests
Mark Zucker, managing director and head of global structured finance, also will be leaving the company to pursue other interests. William Fallon, managing director and head of corporate strategy, has
With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late las
With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late las
The legislation, known as the Small Business Tax Relief Act, HR 976, was designed to extend key tax provisions for small businesses and to allow Congress to approve an increase in the federal minimum
HCL Technologies Ltd., an IT services companies located in India, announced a strategic alliance with actuarial experts at Eckler Ltd., with an objective of deepening insurance domain expertise. HCL
State Farm Insurance Companies--the largest homeowners insurer in Mississippi, with more than 30 percent of the market--last week suspended sales of any new commercial or homeowners' policies in the