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Ace buying Fireman's Fund high-net-worth business for $365 million

By: Shelby Livingston

Published December 18, 2014 - 3:19pm CST

Ace Ltd. on Thursday announced it has signed an agreement to acquire the Fireman's Fund Insurance Co.'s U.S. high-net-worth personal lines insurance business from Munich-based Allianz S.E. for $365 million.

Cooper Gay launches reinsurance unit in Uruguay

By: Shelby Livingston

Published December 18, 2014 - 11:12am CST

Cooper Gay Swett & Crawford Ltd. on Wednesday said it has launched Cooper Gay Uruguay to place facultative and treaty reinsurance for personal, health, property and casualty lines for insurance companies in the region.

Backlash expected from Senate's inaction on terrorism insurance backstop

By: Matthew Lerner

Published December 17, 2014 - 1:10pm CST

The failure of the Senate to vote on legislation extending the federal terrorism insurance program, will likely reverberate quickly through the insurance industry and the entire U.S economy, according to observers.

Integro acquires bloodstock broker Howard Global Insurance Services

By: Sarah Veysey

Published December 17, 2014 - 9:32am CST

New York-based Integro Ltd. has acquired London-based Howard Global Insurance Services Ltd., a Lloyd's of London broker that specializes in bloodstock, Integro announced Wednesday.

XL proposes $3.9 billion takeover of Catlin

By: Sarah Veysey

Published December 17, 2014 - 8:59am CST

XL Group P.L.C. has approached rival insurer and reinsurer Catlin Group Ltd. with a proposed takeover offer of about £2.5 billion ($3.93 billion).

Hub International Insurance Services names commercial risk division manager

By: Shelby Livingston

Published December 16, 2014 - 1:49pm CST

Hub International Insurance Services Inc., a unit of Hub International Ltd., on Tuesday said it has named James Gervang as senior vice president and manager of its commercial risk division.

Verisk Insurance Solutions updates commercial property underwriting tools

By: Bill Kenealy

Published December 16, 2014 - 1:05pm CST

Analytics provider Verisk Insurance Solutions on Tuesday said it has released an updated set of underwriting tools for commercial property.

European insurance, pension sectors face widespread risks: Report

By: Sarah Veysey

Published December 16, 2014 - 9:18am CST

The weak macroeconomic climate, a prolonged low-interest-rate environment and sovereign credit risk are the key risks for the insurance, reinsurance and occupational pensions industries in Europe.

Stephen Catlin named to International Insurance Society Hall of Fame

By: Mark A. Hofmann

Published December 15, 2014 - 11:52am CST

The International Insurance Society Inc. has named Catlin Group Ltd. CEO Stephen Catlin as the 2015 Insurance Hall of Fame Award recipient, the New York-based IIS announced Monday.

Surplus lines insurer James River raises $231 million in IPO

By: Bill Kenealy

Published December 12, 2014 - 2:48pm CST

Hamilton, Bermuda-based James River Group Holdings Ltd., the parent company of excess and surplus lines insurer James River Insurance Co., raised about $231 million in its initial public offering Friday.

IN FOCUS Video: 2014 Women to Watch

Published December 11, 2014 - 4:56pm CST

In our latest video, we talk to keynote speakers and panelists at Business Insurance's 2014 Women to Watch Leadership Conference and Awards event in New York.

Alliant acquires New York employee benefits provider

By: Shelby Livingston

Published December 11, 2014 - 12:47pm CST

Specialty insurance broker Alliant Insurance Services Inc. on Thursday announced it has acquired New York-based employee benefits provider The Camps Group L.L.C.

House OKs bill easing insurer accounting standards

By: Mark A. Hofmann

Published December 11, 2014 - 10:49am CST

The House of Representatives gave final approval to an insurance-industry supported measure that would allow the Federal Reserve Board flexibility in determining which capital standards to apply to insurers under its supervision.

Insurers and brokers must adapt to risk managers' evolving needs: Report

By: Bill Kenealy

Published December 10, 2014 - 1:59pm CST

Insurers and brokers need to adapt to help meet the evolving needs of risk managers, according to a report released Wednesday by J.D. Power and Associates and the Risk & Insurance Management Society Inc.

Pioneer Special Risk begins underwriting at Lloyd's of London

By: Shelby Livingston

Published December 09, 2014 - 2:28pm CST

New York-based Pioneer Special Risk, a unit of Pioneer Underwriting Ltd., on Tuesday announced it has obtained Lloyd's of London coverholder status and has started underwriting management and professional liability lines.

Diversity in hiring can encourage diverse ideas in workplace

By: Matthew Lerner

Published December 09, 2014 - 2:15pm CST

NEW YORK — A sound business case can be made for inclusion and diversity within business organizations, and several insurance industry leaders offered suggestions on how to implement and leverage workplace diversity.

Senior executives need to promote diversity in insurance industry: Duperreault

By: Matt Dunning

Published December 09, 2014 - 1:58pm CST

NEW YORK — Despite recent, modest indications of progress, insurance industry veteran Brian Duperreault says much work remains to be done in promoting diversity within the industry, particularly among its senior ranks.

GALLERY: 2014 Women to Watch

Published December 08, 2014 - 10:56am CST

The 2014 Women to Watch are so much more than successful business executives. View this slide show to learn who’s an Elvis fan, a sky diver who’s afraid of heights, a former professional dancer and more.

Personal lines rates up 3% in November

Published December 08, 2014 - 10:17am CST

Personal lines insurance rates rose an average of 3% in November, according to Dallas-based electronic insurance exchange MarketScout.

Jardine Lloyd Thompson buys aviation insurance broker Hayward for $42M

By: Sarah Veysey

Published December 08, 2014 - 10:10am CST

Jardine Lloyd Thompson Group P.L.C. said Monday that it has acquired aviation insurance brokerage Hayward Aviation Ltd. from Towergate Insurance Ltd. for £27 million ($42.1 million).

Arthur J. Gallagher, Jiang Tai to set up Shanghai insurance venture

By: Sarah Veysey

Published December 08, 2014 - 9:32am CST

Arthur J. Gallagher, the London-based international broking division of Arthur J. Gallagher & Co., on Monday said it has reached a joint venture agreement with Jiang Tai Insurance Broker Co. Ltd. to set up a Shanghai-based operation.

Business Insurance recognizes its 2014 Women to Watch honorees

Published December 07, 2014 - 6:00am CST

Business Insurance's annual Women to Watch feature recognizes women who are doing outstanding work in commercial insurance, risk and benefits management, and related fields.

Female executives reinforce gender diversity by serving as role models

By: Joanne Wojcik

Published December 07, 2014 - 6:00am CST

Gender diversity in the executive ranks is good for business, research shows.

Q&A: Jim Winkler, Aon Hewitt

By: Jerry Geisel

Published December 07, 2014 - 6:00am CST

One of the most encouraging developments in the employee benefits arena is the easing of group health care plan cost increases. In an interview with Business Insurance Editor-at-Large Jerry Geisel, Jim Winkler, Norwalk, Connecticut-based chief innovation officer for benefit consultant Aon Hewitt, discusses the reasons for that slowdown and the likelihood of whether it will continue. Edited...

Arthur J. Gallagher acquires Australia-based brokerage Blue Holdings

By: Shelby Livingston

Published December 05, 2014 - 3:14pm CST

Arthur J. Gallagher & Co. has acquired Brisbane, Australia-based insurance brokerage and risk management firm Blue Holdings Pty Ltd.

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