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William Gallagher, Miller Insurance Offer Ebola Business Interruption Cover

Retail insurance broker William Gallagher Associates of Boston and Miller Insurance Services, a London-based independent specialist insurance broker, have partnered to launch Pandemic Disease Business Interruption Insurance to respond to loss of income arising directly out of shutdowns of healthcare …

Mississippi Businessmen Seek $7.9M from Texas Lawyers for BP Claim Referrals

Three Mississippi businessmen argue in a federal lawsuit that Texas attorneys owe them $7.9 million for steering to them thousands of people seeking to resolve claims against BP from the 2010 Gulf oil spill. Gulf Coast businessmen Scott Walker, Kirk …

A.M. Best Revises Outlook to Negative for Frederick Mutual in Maryland

Ratings agency A.M. Best said it has revised the outlook to “negative” from “stable” and affirmed the financial strength rating of “A- (Excellent)” and the issuer credit rating of “a-” of Frederick Mutual Insurance Co. in Frederick, Maryland. A.M. Best …

RSA Insurance Selling Italian Business to ITAS Mutua

RSA Insurance Group Plc agreed to sell its Italian business to ITAS Mutua, the country’s oldest customer-owned insurer. RSA will transfer 434 million pounds ($698 million) of liabilities to ITAS and receive a payment of 19 million pounds, the London-based …

Marsh Appoints Leimkuhler to Be Next CFO, Succeeding Malvasio

Global insurance broker Marsh has appointed Courtney Leimkuhler to the role of chief financial officer, effective March 1, 2015.

Global Indemnity to Acquire American Reliable from Assurant Specialty

Assurant Specialty Property, a business segment of Assurant Inc., has agreed to sell its general agency business and associated insurance carrier, American Reliable Insurance Co., to Global Indemnity Group Inc., the U.S. subsidiary of Dublin-based Global Indemnity, for approximately $114 …

AIA Group’s New Business Growth Up 23%

AIA Group Ltd., the second-largest insurer by market value based in Asia, posted a higher-than- expected value of new business growth of 23 percent in the third quarter, aided by expansion in its largest markets. The measure of projected future …

Hurricane Gonzalo Threatens Bermuda With Flooding, Storm Surge

Gonzalo, classified as a major hurricane and bearing down on Bermuda with tree-snapping winds, is forecast to bring flooding and a life-threatening storm surge as it’s projected to be the worst storm to hit the territory since Fabian in 2003. …

AIG Ex-CEO Liddy Testifies on Role in Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy testified he chose not to buck government overseers who selected him to run the bailed- out insurer. Developing trust with regulators was for the “benefit of AIG,” he told the …

Cunningham to Become CEO of IAT Reinsurance

IAT Reinsurance Company Ltd., the privately owned Bermuda insurer, announced that Peter R. Kellogg is retiring as chief executive officer, a position he has held since the company’s founding in the early 1980s. William Cunningham will assume the role of …

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