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Liberty Mutual on hook for Gulf oil spill attorney fees

By: Judy Greenwald

Published November 20, 2015 - 2:20pm CST

In reversal of a lower court ruling, insurer to cover Cameron International's attorney's fees related to the 2010 Deepwater Horizon mess.

Study shows good start to risk management in Latin America

By: Donna Mahoney

Published November 09, 2015 - 4:23pm CST

A new study says Latin American companies are making significant steps in developing risk management programs.

Mercer to acquire Brazilian consulting firm

By: Rob Kozlowski , Pensions & Investments

Published November 09, 2015 - 12:33pm CST

Mercer announced Monday it is acquiring Brazilian actuarial consulting and auditing firm GAMA Consultores Associados.

Willis appoints retail CEO for Mexico

By: Sarah Veysey

Published November 03, 2015 - 10:04am CST

Willis Group Holdings P.L.C. has appointed John Baudouin CEO of its retail business in Mexico, the brokerage announced Tuesday.

El Faro owner seeks protection from death claims in ship's sinking

By: Thomson Reuters

Published November 02, 2015 - 11:13am CST

Tote Services seeks legal relief from liability after the cargo ship went down in Hurricane Joaquin last month off the Bahamas; 33 died.

Hurricane Patricia insured losses not expected to top $200 million

By: Mark A Hofmann

Published October 26, 2015 - 1:26pm CST

According to modeler AIR, Category 5 storm lived fast and faded quickly.

Massive Hurricane Patricia spares cities as it slams into Mexico's Pacific coast

By: Thompson Reuters

Published October 24, 2015 - 11:52am CST

Hurricane Patricia, one of the strongest storms ever recorded, crashed into western Mexico, hammering coastal areas but causing less damage than had been feared as it skirted cities and major tourist resorts.

Week in pictures

Published October 23, 2015 - 11:49am CST

Big winds — natural and political — are blowing through the Business Insurance week in pictures as the Volkswagen emissions scandal heads out to sea.

Hurricane Patricia potentially catastrophic as it nears Mexico

By: Thomson Reuters

Published October 23, 2015 - 8:34am CST

Hurricane Patricia is churning toward Mexico and has intensified into what the World Meteorological Organization is describing as "the strongest-ever hurricane to hit the eastern north Pacific region."

AIG to sell Central American operations

By: Mark A. Hofmann

Published October 15, 2015 - 2:21pm CST

AIG is saying so long to 100% of its operations in El Salvador, Guatemala, Honduras and Panama — and plans to leave them in the hands of ASSA Compañía Tenedora S.A. and ASSA Compañía de Seguros.

International brokers' network adds 10 members

By: Matthew Lerner

Published October 15, 2015 - 10:44am CST

Brokerslink, the independent international brokers’ network, on Thursday said it has added 10 new members and plans to work with carriers to develop bespoke products for clients.

New Lloyd's syndicate targets emerging markets

By: Sarah Veysey

Published October 12, 2015 - 9:10am CST

On the day the U.S. celebrates Christopher Columbus' discovery of the new world in 1492, Probitas Syndicate 1492 started underwriting business that it said is new to Lloyd's of London.

Trans-Pacific Partnership opens underserved insurance markets

By: Leigh Ann Pusey

Published October 11, 2015 - 6:00am CST

Years in the making, the 12-nation Trans-Pacific Partnership free-trade pact reached Monday promises to provide wide opportunities to U.S. insurers in formerly closed markets. Leigh Ann Pusey, president and CEO of the American Insurance Association, discusses the possibilities.

New study outlines global property premiums for commercial sector

By: Matthew Lerner

Published October 09, 2015 - 11:45am CST

Just under half of worldwide property insurance premiums in 2014 went to commercial property coverage, according to a new study by London-based Finaccord Ltd., the international market research and consulting company said in a statement Friday.

Tianjin explosions, Chile quake cause millions in losses for Validus

By: Matthew Lerner

Published October 06, 2015 - 11:52am CST

Validus Holdings Ltd. said Tuesday that it will report a loss of $63.9 million due to the recent earthquake in Chile and a series of explosions at the Port of Tianjin in China.

Hurricane Joaquin

Published October 06, 2015 - 10:23am CST

In the aftermath of Hurricane Joaquin, which raked the Bahamas, relief efforts are underway while the U.S. Coast Guard continues the search for missing cargo ship El Faro. View the gallery

Week in pictures

Published October 02, 2015 - 10:59am CST

Typhoons and hurricanes. Zurich shakeup continues and T-Mobile customers face breach risk. This and more in the Business Insurance week in pictures. View the gallery

Upgraded to hurricane, Joaquin heads to Bahamas

By: Mark A. Hofmann

Published September 30, 2015 - 10:08am CST

Tropical Storm Joaquin has grown to hurricane strength, the National Hurricane Center said Wednesday.

Insured losses from Chile earthquake could reach $900 million

By: Matthew Lerner

Published September 21, 2015 - 11:20am CST

Catastrophe modeler AIR Worldwide makes estimates after reviewing '"convergence between the Nazca and South American tectonic plates" along country's central coast.

Powerful quake off Chile slams waves into coastal towns; eight killed

By: Thomson Reuters

Published September 17, 2015 - 8:46am CST

(Reuters) — Strong aftershocks rippled through Chile on Thursday after a magnitude-8.3 earthquake that killed at least eight people and slammed powerful waves into coastal towns, forcing more than a million people from their homes.

RSA LatAm sale nearly wraps restructuring; Zurich purchase possible

By: Sarah Veysey

Published September 08, 2015 - 9:30am CST

RSA Insurance Group P.L.C. has sold its Latin America operations to Suramericana S.A., the insurance subsidiary of Colombia-based Grupo de Inversiones Suramericana, for £403 million ($611.3 million) in cash, RSA said Tuesday.

OSHA renews ties with Mexican consulates in Texas

By: Stephanie Goldberg

Published September 02, 2015 - 1:17pm CST

And the health and safety agency again agrees to talk the talk of workers' rights for foreign nationals.

Risk modeler updates South American earthquake models

By: Joyce Famakinwa

Published July 28, 2015 - 3:31pm CST

Catastrophe risk modeling firm AIR Worldwide said Tuesday it has updated its earthquake models for South America. The updates on the models are based on new data about seismic risk in the area.

Zurich mulls offer for RSA Insurance

By: Sarah Veysey

Published July 28, 2015 - 9:15am CST

Zurich Insurance Group Ltd. said Tuesday it is evaluating a potential offer for London-based multiline insurer RSA Insurance Group P.L.C.

Arthur J. Gallagher acquires 65% interest in Colombian broker

By: Mark A. Hofmann

Published July 20, 2015 - 8:33am CST

Arthur J. Gallagher & Co. on Monday said it has acquired a 65% equity interest in ARM Re Ltda. Corredores de Reaseguros, located in Bogota, Colombia.

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