A special report from A.M. Best highlights the “challenging conditions” facing Bermuda’s insurance and reinsurance market, despite what Best described as “resilient financial results despite challenging conditions that include heavy catastrophe losses.” As of Sept. 30, 2011 the Bermuda/insurance market …
Insurance broker Willis North America has appointed Jeff Elliott as director of operations. He will be based in Charlotte, N.C. In this newly created role, Elliott will help refine Willis North America’s target operating model and oversee its major technology …
In their recently released 2011 World Insurance Report Capgemini and Efma explore how insurers can “dissect their business to identify opportunities that will make fundamental and lasting improvements to their core operations, with a focus on enhancements to claims transformation. …
Frank Krisanits has joined Indiana-based Old National Insurance as its Evansville region president. He will lead the insurance teams in the tri-state area. Before joining Old National, Krisanits held senior management roles including chief operating officer, president and CEO at …
Marsh & McLennan Agency LLC reports it has acquired Strategic Benefit Solutions, Inc. (SBS), a $4 million benefits brokerage and consulting firm based in Alpharetta, Georgia. Terms of the transaction were not disclosed. SBS will operate within the Rutherfoord division …
Fort Worth, Texas-based Hallmark Financial Services Inc. says it has completed the previously disclosed acquisition of State Auto National Insurance Co. State Auto National is an Ohio domiciled insurance company which annually writes approximately $37 million in non-standard personal automobile …
The ISU Agency Network has added a Southeast regional office in Atlanta. The office will be lead by Gary Poisson, who will manage the development of the ISU network in 11 states from Virginia to Louisiana. Poisson has 25 years …
Six years ago, Harleysville Group was in need of a big change. The Pennsylvania-based insurer had just come out of the worst performing year in its history. That’s when newly appointed CEO Michael Browne — who declared the company’s performance …
Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …
InVEST, the insurance industry program that brings insurance education to classrooms, has appointed Peter Miller and Loren P. Shoemaker to its national board. Miller is president and CEO of The Institutes and Shoemaker is senior vice president and chief operating …
