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Missouri captive official leaves post

By: Donna Mahoney

Published September 02, 2015 - 1:40pm CST

After two years as captive program manager at the Missouri Department of Insurance, Maria Sheffield has left her position and is relocating to Nashville, Tennessee, to work for Caterpillar Financial Services Corp.

Surplus lines insurance sector profitable in 2014

By: Judy Greenwald

Published September 02, 2015 - 10:39am CST

Surplus lines insurers continued to report profitable results in 2014, helped by a combination of product diversification, underwriting discipline and advantageous market conditions, A.M. Best Co. Inc. said in its latest report on the sector.

Reinsurance sector facing challenges of 'new reality'

By: Sarah Veysey

Published September 02, 2015 - 9:15am CST

The reinsurance market has entered a “new reality,” and underwriting discipline is key to maintaining the sector's profitability, rating agencies said in reports released Wednesday.

Bermuda insurer and reinsurer names chief risk officer

By: Matthew Lerner

Published September 01, 2015 - 3:56pm CST

Argo Group International Holdings Ltd., has named Alex Hindson as chief risk officer, effective immediately, the Hamilton, Bermuda-based specialty insurer and reinsurer said Tuesday.

Specialty insurer adds workers comp to entertainment cover

By: Joyce Famakinwa

Published September 01, 2015 - 2:16pm CST

Specialty insurer Hiscox USA on Tuesday said it has joined with MIS Insurance Services L.L.C. to include workers compensation in its entertainment policy.

Insurance policyholders demanding 'micro-specialization'

By: Mark A. Hofmann

Published September 01, 2015 - 12:33pm CST

DALLAS — Generalists in the insurance industry are an endangered species, according the CEO of MarketScout.

Insurance practice serves car, truck dealerships

By: Joyce Famakinwa

Published September 01, 2015 - 11:47am CST

Cross Insurance, Bangor, Maine, on Tuesday launched a franchised dealer practice to serve the needs of new car and truck dealerships.

Survey to open lens on company safety perceptions

By: Joyce Famakinwa

Published August 31, 2015 - 12:27pm CST

Liberty Mutual Insurance Co. said Monday that it will offer its commercial lines customers the Liberty Mutual Safety Climate Survey, a service that helps them identify targeted areas for improving safety.

Zurich poised to expand in U.K. with proposed bid for rival

By: Sarah Veysey

Published August 30, 2015 - 6:00am CST

Zurich Insurance Group Ltd.'s tentative bid could spark competing offers for RSA Insurance Group P.L.C. and, should Zurich ultimately be successful, result in the sell-off of some of RSA's business to improve the deal's total cost.

Reinsurers report higher profits in first half

By: Mark A. Hofmann

Published August 30, 2015 - 6:00am CST

A single reinsurer's performance drove a cumulative 32.2% drop in net written premiums during the first half of this year to $19.28 billion among 18 U.S. property/casualty reinsurers tracked by the Reinsurance Association of America.

Property/casualty insurers see mixed results

By: Mark A. Hofmann

Published August 30, 2015 - 6:00am CST

Commercial property/casualty insurers posted mixed first-half results amid light catastrophe losses while pricing in many cases remains flat.

Possible fed rate increase a mixed bag

By: Mark A. Hofmann

Published August 30, 2015 - 6:00am CST

Analysts differ on the effects on property/casualty insurers should the Federal Reserve increase interest rates for the first time in nearly a decade.

Brokers see growth on demand for employee benefit services

By: Matthew Lerner

Published August 30, 2015 - 6:00am CST

The largest publicly traded insurance brokers rode a slowly improving economy to single-digit organic growth during the first half of the year as foreign exchange rates and soft pricing headwinds swirled.

Insurers hope to benefit from roof farm research projects

Published August 30, 2015 - 6:00am CST

The Insurance Institute for Business and Home Safety (IBHS) is collaborating with several insurers to use roof farms to collect data on how weather in the U.S. impacts different shingle materials. What exactly is a roof farm? We find out in the latest episode of Business Insurance In Focus.

AIG seeking $1.76 billion in 'life settlements' trial in New York

Published August 28, 2015 - 9:19am CST

AIG wants a Pennsylvania insurer to pay $1.76 billion in damages for overcharging elderly people for so-called life settlements policies.

Ohio announces first cell captive under new law

By: Donna Mahoney

Published August 27, 2015 - 2:22pm CST

Ohio insurance regulators announced they have licensed Columbus, Ohio-based Imprise Financial P.C.C. Inc. as Ohio's first cell captive insurer.

Integro acquires medical malpractice specialists

By: Matthew Lerner

Published August 27, 2015 - 1:56pm CST

Insurance brokerage Integro Ltd. has acquired HealthCare Risk Specialists of West Hartford, Connecticut, Integro said in a statement Thursday.

European insurers, reinsurers likely to weather stock market storm

By: Matthew Lerner

Published August 26, 2015 - 2:07pm CST

European insurers and reinsurers are well-positioned to ride out recent stock market volatility, ratings agency A.M. Best Co. Inc. said in a research note Wednesday.

Cat bond to cover Turkish earthquake risks

By: Matthew Lerner

Published August 26, 2015 - 12:13pm CST

GC Securities, a division of MMC Securities Corp., has completed placement of a $100 million catastrophe bond benefitting the Turkish Catastrophe Insurance Pool, GC Securities said in a statement Wednesday.

Lockton Brazil nabs ex-Allianz exec for deputy CEO post

By: Joyce Famakinwa

Published August 25, 2015 - 4:29pm CST

Lockton Cos. L.L.C. has appointed former Allianz Group executive Guilherme Perondi Neto as deputy CEO of their Brazilian subsidiary, Lockton Brazil.

Swiss Re CEO sees prices stabilizing

Published August 25, 2015 - 12:50pm CST

(Reuters) — After years of steep declines, prices in the property/casualty reinsurance market are stabilizing at a level acceptable to Swiss Re Ltd., the chief executive of the world's second-biggest reinsurer said in an interview.

Brokers launch scaffold insurance for construction industry

By: Joyce Famakinwa

Published August 25, 2015 - 12:06pm CST

ProSight Global Inc. said that it has teamed with Allied Insurance Brokers Inc. to launch a scaffold insurance program for the construction industry.

Zurich announces $9 billion offer for U.K. rival

By: Sarah Veysey

Published August 25, 2015 - 8:54am CST

Zurich Insurance Group Ltd. on Tuesday made a tentative offer to buy London-based RSA Insurance Group P.L.C. in a deal that would value RSA at about 5.6 billion ($8.79 billion).

Digital insurance center provides hands-on testing

By: Joyce Famakinwa

Published August 24, 2015 - 2:16pm CST

Global management consulting company Accenture P.L.C. has launched a Digital Insurance Solution Center in Chicago.

Amlin profit down 3.5% in first half; CEO denies sale

By: Sarah Veysey

Published August 24, 2015 - 9:15am CST

Amlin P.L.C. posted pretax profit of 143.3 million ($163.2 million) for the first half of 2015, down 3.5% from the comparable period last year, the London-based insurer and reinsurer announced Monday.

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