POWERS Insurance and Benefits, headquartered in the St. Louis, Mo., area, has hired Robin Bender as a personal account manager. Bender will assist producers in acquiring new business, as well as handling the sales and service of specific POWERS’ clients. …
A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of Wolverine Mutual Insurance Co. (Wolverine), …
Safety standards for lithium-ion batteries need to be modernized following a massive recall of Samsung Electronics Co. Ltd phones after faulty batteries caused fires, a U.S. government agency said on Tuesday. “Consumers should never have to worry that a battery-powered …
Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent Lloyd’s security to insure motor and sailing vessels …
Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services. “SIR will enable organizations to fulfil their duty of care obligations to protect people, operations, shareholder value and long-term brand …
A former Washington state corrections officer accused of holding three jobs while claiming he was too disabled to work will serve seven days behind bars along with home detention. John J. Gruden, 44, pleaded guilty to felony, first-degree theft in …
PERILS AG has disclosed its second loss estimate for the series of earthquakes which hit Central Italy between Oct. 26 and Oct. 30, 2016. Affecting the regions of Lazio, Marche and Umbria, the series included three major earthquakes with moment …
Spanish insurer MAPFRE Group’s new CEO for its North America arm has assumed his responsibilities. Alfredo Castelo is now president and CEO of both MAPFRE U.S.A. Corp. and MAPFRE North America region. He is replacing Jaime Tamayo who was promoted …
XL Catlin has announced the appointment of Dr. Henna A. Karna as chief data officer, reporting to XL’s chief platform officer, Myron Hendry. Karna has more than 20 years’ experience leading data-driven, digital innovation and positive disruption within the insurance …
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial terms. Valen is perhaps best known for its InsureRight Platform and its predictive analytic products designed …
