The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfavorable reserve re-estimates of …
Want the best results out of your employees? Then be nice to them. New research from Binghamton University, State University at New York finds that showing compassion to employees almost always pays off, especially when combined with the enforcement of …
Tokio Marine Kiln (TMK) has appointed of Reeken Patel as chief financial officer (CFO). He joins TMK on Oct. 1, when he takes over from James Dover who has chosen to leave the business after 12 years at TMK and …
Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy subscription market insurance and will be managed through …
XL Catlin’s North America Construction insurance business has appointed Ann Marie Snyder, senior underwriter, to lead its Construction Excess Casualty business in its Southeast region. Snyder joined XL Catlin in 2012 from Ironshore Insurance Services where she served as a …
Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has partnered with Montoya & Associates of Jacksonville, Fla. The partnership finalized on Thursday, Aug. 2, 2018. The advisors at Montoya & Associates will …
A Maryland man is accused of stealing hurricane victim’s identities as part what the Secret Service describes as an $8 million effort to scam a Federal Emergency Management Agency program. News outlets reported Tuesday that 30-year-old Tare Stanley Okirika is …
A relief fund will be established to help Massachusetts residents whose lives were disrupted by a series of natural gas fires and explosions. The announcement was made Monday by Republican Governor Charlie Baker and leaders of the three affected communities. …
Marsh announced the appointment of Alistair Fraser as CEO of its UK Corporate division. Fraser succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. Both appointments, which are subject to regulatory approval, are expected to take effect …
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board …
