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ProAssurance, Pro-Praxis Introduce Excess Package for Complex Healthcare Risks

ProAssurance Corp. of Birmingham, Ala., has launched a new suite of excess insurance coverages, ProAssurance Complex Medicine, or ProCxM, for large healthcare facilities and organizations. This new package of coverages and related services will allow the company to respond more …

Appointment to Help ACE Grow German Surety Business

ACE Group has appointed Charles Villette as surety underwriting manager in Germany, as it expands its surety capabilities in Europe’s biggest economy. Villette has more than ten years of insurance industry and surety experience and joins ACE from a major …

Rachel Cotton Appointed Real Estate Director at RSA

RSA, the London-based insurer, has appointed Rachel Cotton as real estate director for RSA’s Risk Managed Business. Cotton has worked at RSA for over 25 years across a variety of areas including technical and specialist claims, sales and marketing for small …

Milliman Opens Office in South Africa

Milliman Inc., the Seattle-based global consulting and actuarial firm, is opening an office in Cape Town, South Africa. The office will be led by industry veteran David Kirk and will serve Sub-Saharan Africa. The Cape Town location is a reflection …

China’s Fosun to Invest in European, Japanese Insurers

Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is considering making more bets on insurers outside its home country, Chief Executive Officer Liang Xinjun said. “We prefer investing in insurance companies in Europe and Japan,” Liang …

Departure of Bill Gross From Pimco Stuns Allianz

It was 2:28 p.m. in Munich on Sept. 26, and Bill Gross, in charge of $2 trillion as chief investment officer at Pacific Investment Management Co., had just announced that he was joining Janus Capital Group Inc., a struggling stock …

Specialty Insurance Group, Britton Gallagher Offer Pyrotechnics Program

Specialty Insurance Group (SIG), a member of the Everest Re Group Ltd., and independently operated insurance brokerage firm Britton Gallagher have together launched a new insurance, loss control and safety program for the pyrotechnics market. The strategic partnership with Britton …

CMIC Announces Stable Rate for Conn., Mass. Members in 2015

CMIC, a member-owned medical professional liability insurance provider in Glastonbury, Connecticut, announced that the overall rate indication for Connecticut and Massachusetts policyholders will remain unchanged for the upcoming 2015 policy year. This marks the 11th consecutive year for stable rates …

Wal-Mart Says Tracy Morgan Is to Blame for Injuries in Highway Crash

Wal-Mart Stores Inc. said actor-comedian Tracy Morgan is to blame for injuries he sustained in June highway crash because he wasn’t wearing a seatbelt. Morgan, who was critically injured when the limousine bus he was in was struck by a …

Securities Brokerages Free to Be Uninsured for Legal Awards

The industry group that regulates securities brokerages has decided it cannot force firms to carry insurance for payment of awards granted by arbitration panels or courts to customers who have lost money, a spokeswoman said on Monday. After agreeing a …

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