Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
PIA’s Donnelly to Head New Hiscox U.S. Office; Ward, Chavez Also Join
Jul 19 2005 // Hiscox plc has announced a number of appointments to expand its presence and distribution in the U.S. market. Ed Donnelly joins Hiscox with immediate effect in the newly-created position of president of Hiscox USA. He will...
Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the
Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....
People
Jul 18 2005 // The Ohio Casualty Insurance Co. announced that Ralph S. Michael III, 50, has been named president and chief operating officer of the company, effective July 25, 2005. Michael comes to the Fairfield, Ohio-based company from...
The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern
Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...
Research Reports: Competing World Views on Terrorism Insurance
Jul 18 2005 // The Treasury report on terrorism insurance is just one of several on the subject. Here is a summary of some other reports: Organization for Economic Cooperation and Development, July 2005 Private markets are not yet able...
Navigators Group Launches Global Transport Practice
Jul 18 2005 // The Navigators Group Inc. has affirmed its ongoing commitment to the insurance of transport-related business by announcing the creation of a Global Transport Practice, extending to its offices in the United States, the...
People & Places
Jul 18 2005 // Mike Miller OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive...
Hurricane Emily Moves Towards Mexico-U.S. Border; Storm Weakens, But Still a Threat
Jul 18 2005 // Having lost some of her punch, Hurricane Emily moved on Monday into the Gulf of Mexico where warmer water temperatures could give her one more strong shot of power as she moves towards the Mexico-U.S. border. The storm...
People & Places
Jul 18 2005 // Ralph Michael The Ohio Casualty Insurance Co. announced that Ralph S. Michael III, 50, has been named president and chief operating officer of the company, effective July 25, 2005. Michael comes to the Fairfield,...
Insurance Community Concerns Mount Over Climate Change Debate
Jul 18 2005 // To paraphrase an old adage: “Nothing concentrates the overall mind of the property/casualty insurance community as much as the approaching certainty of large loss events.” So, it’s no wonder that many...
Research Reports: Competing World Views on Terrorism Insurance
Jul 18 2005 // The Treasury report on terrorism insurance is just one of several on the subject. Here is a summary of some other reports: Organization for Economic Cooperation and Development, July 2005 Private markets are not yet able...
The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern
Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...
Beazley’s New U.S. Insurance Company Earns Best’s Rating of A-
Jul 14 2005 // A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc. (BICI) (Omaha, NE), a newly formed U.S. insurer that is part of...
ISO: U.S. P/C Industry’s First Net Gain on Underwriting Since ’78 Moves Surplus to Record High
Jul 14 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
ACE Europe Appoints Furgueson President U.K. and Ireland
Jul 8 2005 // ACE European Group has announced that Michael Furgueson has been appointed President of ACE’s business operations in the United Kingdom and Ireland. He succeeds Carl Bach, who is moving to a new posting with ACE USA,...
Best Upgrades AXA Re, Subs Ratings
Jul 7 2005 // A.M. Best Co. announced that it has upgraded the financial strength rating to “A” (Excellent) from “A-” (Excellent) and the issuer credit rating to “a” from “a-” of AXA Re...
Hannover Re Exits U.S. Program Business; Clarendon to Focus on Specialty Lines
Jul 6 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, announced the adoption of a new strategy for its U.S. subsidiary Clarendon at its annual “Investors Day” press conference on Friday, July...
Multi-Nation Report Finds Terror Insurance Lacking; Private Markets’ Coverage Not Enough
Jul 5 2005 // Days after the U.S. Treasury issued its report downplaying the need for renewal of a federal terrorism risk reinsurance program, an organization of 30 democratic countries including the U.S. has warned of shortfalls in...
Liberty Mutual Alternative Markets Adds Three Execs to Management Team
Jul 5 2005 // Liberty Mutual Alternative Markets has appointed Chris Ridge as managing director of captive management, Sue Urie as captive management consultant and Eliot Pardee as underwriting manager. Ridge, Urie and Pardee increase...
International Newsbriefs
Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
