Agency Organic Growth Slowed in 2016: Reagan February 15, 2017 Organic revenue growth among insurance agencies and brokerage firms fell in 2016 to 4.2 percent– its lowest annual rate since...
Colombia’s Insurance Regulator Approves Use of AIR’s Earthquake Model February 15, 2017 Catastrophe modeling firm AIR Worldwide (AIR) announced that its earthquake model for Colombia has been approved by the country’s insurance...
Fire Destroys Virginia Tech Research Building, Estimated Damage up to $1.3M February 15, 2017 Officials say a fire destroyed a research building at Virginia Tech. Media outlets report it happened at the Prices Fork...
Philadelphia Insurance Companies in Pennsylvania Promotes 5 Employees February 15, 2017 Philadelphia Insurance Companies (PHLY), a commercial property/casualty and professional liability insurance company for niche markets based in Bala Cynwyd, Penn.,...
Aetna, Humana Officially End Merger Deal; Won’t Appeal Court Ruling February 14, 2017 Health insurers Aetna Inc. and Humana Inc. walked away from their $34 billion merger deal on Tuesday, after a U.S....
Nichols Resigns as AXIS Re’s CEO; Ekberg Named Interim Head of Reinsurance February 14, 2017 Bermuda-based AXIS Capital Holdings Ltd. announced that John “Jay” Nichols has resigned from his position as chief executive officer of...
NSW Bushfires to Cost Insurers at Least US$15.3M: Insurance Council February 14, 2017 The Insurance Council of Australia (ICA) has declared an insurance catastrophe for bushfires that have destroyed homes, stock and other...
Rolling Stone Defamation Case Over Rape Story Back in Virginia Court February 14, 2017 Attorneys for Rolling Stone magazine are heading back to federal court to try to overturn a jury’s defamation verdict over...
New York Museum Ends Shia LaBeouf Project, Citing Safety Concerns February 14, 2017 The Museum of the Moving Image announced Friday it has closed a performance art project involving Shia LaBeouf, citing “serious...
Neon Names AlphaCat’s Pritchard as Head of Property Reinsurance February 13, 2017 Neon has appointed Nick Pritchard as head of Property Reinsurance. Pritchard initially will be based in Neon’s Bermuda office and...