Yearly Archives: <span>2012</span>

Conn. Commissioner: New Law Improves Oversight of Global Insurers

Connecticut Insurance Commissioner Thomas Leonardi praised passage of two new laws that give the state greater financial oversight of large, globally active insurance companies and makes the state a more attractive place for international reinsurers to do business. Governor Dannel …

Brown & Brown Names Downs, Lydecker to Top Posts

Florida-based insurance agency Brown & Brown Inc., one the country’s biggest, has named Linda S. Downs, currently regional president, as chief operating officer and named Charles H. Lydecker to the newly-created position of president of the company’s retail division, which …

Fireman’s Fund Adds Favata-Bosh as a Senior Director in Chicago

Fireman’s Fund appointed Donna Favata-Bosh as a senior product director for the healthcare product lines within its professional liability business. She will be based in the Chicago office. In her new position, Favata-Bosh is responsible for the product management of …

3 Dead After Strong Storm in Southern Missouri

A man and his two adult sons died when a sudden, powerful storm slammed into a mobile home in southeast Missouri, officials said as weather officials began to investigate if the damage was caused by a tornado or straight line …

Ganne Joins Burns & Wilcox of Dallas

Burns & Wilcox of Dallas/Fort Worth announced that Ashley Ganne has joined the company as a broker. Ganne brings a wealth of professional liability knowledge to Burns & Wilcox and specializes in technology-based E&O, cyber liability/data breach/privacy, and media risks. …

Kent Joins Risk Placement Insurance Services

Risk Placement Services Inc. named Gus Kent an underwriter/broker in the firm’s northern California office. Kent will be responsible for leading the commercial production efforts in the RPS Crawley Warren office in San Francisco. Kent comes to RPS with 25 …

BMS Group Exec Joins New York-Based U.S. RE as Senior VP

Pearl River, N.Y.-based global reinsurance broker U.S. RE Corporation appointed Victor Marques as senior vice president. U.S. RE said Marques brings more than 25 years in the field to his new role at the company’s expanding brokerage operations. Marques was …

Ratings Recap: Dubai Insurance, Legal & General, London General

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of the United Arab Emirates’ Dubai Insurance Company PSC (DIC), both with stable outlooks. The ratings of DIC …

Hampton, Virginia, Declares Local Emergency for Areas Hit by Tornado

The city of Hampton, Virginia, has declared a local emergency for the areas affected by last Friday’s tornado.Officials estimated that last week’s tornado caused more than $4.3 million in damages. But they said they do not expect to reach the …

R K Harrison Completes Specialty Lines Purchases from Gibbs Hartley Cooper

London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and Cargo practices and most of …