European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign bond holdings, catastrophe claims emptied coffers and the downturn cut demand for life cover. Axa, Europe’s No. 2 insurer, said …
Golf could be called the go-to sport of the insurance industry, so it’s safe to assume that most insurance professionals know what a putter is – a tool for cursing and hurling to the ground after a missed shot, right? …
TD Insurance, a subsidiary of TD Bank, appointed Charles Maleski as vice president, regional group practice leader for employee benefits in the Greater Philadelphia marketplace. Maleski will deliver TD Insurance’s employee benefits insurance services to businesses throughout a region that …
According to PERILS, the Zurich-based catastrophe data provider, initial loss estimates for property losses caused by windstorm Andrea, which struck Western Europe at the beginning of January, are €267 million [$350 million]. The majority of the losses occurred in Germany, …
The UK-based Jardine Lloyd Thompson Group plc announced that it will combine its existing Spanish retail brokerage business, JLT-SIACI Espana S.L., with the business of March – Unipsa Correduria de Seguros, S.A.U., the fourth largest commercial insurance broker in Spain …
An estimated 5.6 million trees that once shaded homes, streets and parks in communities across Texas now are dead as a result of last year’s unrelenting drought, the Texas Forest Service says. The economic cost resulting from the loss is …
A group advocating open government told a federal judge last week that a Delaware law allowing Court of Chancery judges to preside over secret arbitrations in business disputes is unconstitutional. Judge Mary McLaughlin heard arguments in federal court in Philadelphia, …
A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit rating of “a” of Mexico’s Seguros Inbursa, S.A. Grupo Financiero Inbursa, both with stable outlooks Best said the ratings reflect Seguros Inbursa’s “solid risk-adjusted capitalization, …
TD Insurance, a subsidiary of TD Bank, has promoted David Lofstrom to vice president of U.S. commercial sales and product development. Based in Boston, he will help grow the commercial property/casualty and employee benefits lines of business across TD Insurance’s …
St. Louis, Mo.-based Safety National Casualty Corp., an excess workers’ compensation provider and a writer of multi-line large casualty business, announced that Matthew Hartmann has joined the company as regional underwriting manager in the large casualty department. He will be …
