Lloyd’s of London announced that “broker Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the largest and most challenging polar expeditions ever undertaken.” The …
XL Group plc has announced that its preliminary net loss estimate related to Storm Sandy is around $350 million, pretax and net of reinsurance and reinstatement premiums. XL added that “approximately 60 percent of the Company’s estimated loss relates to …
Munich Re announced that the Chairman of its Supervisory Board, Hans-Jürgen Schinzler, will retire from office on age grounds, as of the 31st of December 2012. “He will be succeeded as Chairman by Bernd Pischetsrieder, who has been on the …
This post is part of a series on insurance marketing and training sponsored by Astonish. Selling insurance isn’t like it used to be. Not many people just walk-in or call ready to do business anymore. And when they do, they …
Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro. After more …
When a Southern California family was convicted of workers’ compensation insurance premium fraud, it wasn’t due to sophisticated software, a supercomputer or even high-tech surveillance techniques. It was the result of good old-fashioned detective work, according to Maryann Lazernik, who …
Arthur J. Gallagher & Co. has acquired Boise, Idaho-based Western Benefit Solutions LLC. Terms of the transaction were not disclosed. Western Benefit Solutions LLC provides a range of employee benefit insurance brokerage and consultation services with a focus on group …
Phoenix, Ariz.-based R.P. Ryan Insurance Inc. has made Mark D. Deitchman executive vice president. Deitchman’s primary responsibility will be to increase the agency’s market share through recruitment of new personnel and acquisitions. He will also assume operational functions in the …
Utah Gov. Gary Herbert asked President Barack Obama on Tuesday for help getting the state’s small-business health insurance marketplace approved as good enough for Obama’s Patient Protection and Affordable Care Act. Utah created a health insurance exchange for small businesses …
Heffernan Insurance Brokers named Christian Smith to its Santa Ana, Calif. office as assistant vice president. Smith will specialize in tailoring comprehensive insurance programs for large commercial lines. Smith was formerly with an underwriter, working in various niches like nonprofit …
