ACE Global Markets (AGM) announced from London that it has appointed Malcolm Brett as Product Line Head of Aviation. John Green, who formerly headed the unit, will remain with the company as Director of Aviation. Richard Pryce, President of ACE …
“Green energy systems are no longer just ‘nice to have,’ but are essential in securing our energy supply and protecting the environment,” according to a new report from Lloyd’s 360 Risk Insight and UK think tank Chatham House, entitled: Sustainable …
A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo Risks experts. Their conclusions are based on “the large …
London-based independent wholesale, reinsurance and specialist broker Cooper Gay and Atlanta-based U.S. wholesale broker Swett & Crawford confirmed in joint bulletins that they are in advanced deal discussions. Plans call for the combining the two companies into “a new group …
CNA Financial Corporation announced that it has completed the sale of its Argentinean subsidiary, CNA Aseguradora de Riesgos del Trabajo (CNA ART S.A.), to QBE the Americas, the Australia-based insurer and reinsurer. The sale price was $66.3 million, which CNA …
Cody Ritchie and other senior members of the BBVA Compass Insurance Agency of Tucson, Ariz., have acquired the firm’s assets to form a new company called Crest Insurance Group. The sale returns the agency’s ownership and management to Tucson. Ritchie …
Aon eSolutions, the technology solutions business of Aon Corporation and Aon Global Risk Consulting will offer public entities a holistic claims tool that combines browser-based claims technology with claims consulting services. The two-pronged approach is designed to help organizations optimize …
United Insurance Holdings Corp., a property and casualty insurance holding company, has announced that United Property & Casualty Insurance Company (UPC), a wholly-owned subsidiary, was approved to begin writing property and casualty insurance in the state of South Carolina as …
Navigators Insurance Co. and Victor O. Schinnerer & Co., Inc. have launched a non-profit D&O program. Schinnerer will act as program administrator for Navigators. The admitted filing of this countrywide program is currently under way and 44 states, the District …
California workers’ compensation total direct written premium (DWP) fell nearly 10 percent last year, dropping to a nine-year low of $6.9 billion, according to market share data from the National Association of Insurance Commissioners (NAIC) released by the California Department …
