Connecticut-based E&S broker S.H. Smith & Co. has named Todd Nielsen vice president of its professional and management liability department and head of the firm’s new Rhode Island office. Nielsen will focus on coverage for financial institutions, specifically banks, insurance …
Barney & Barney, a California insurance brokerage, has added Jennifer Sanborn to the Property & Casualty Division of its Bay Area office in Oakland. As a client executive, she will be responsible for new business development. Sanborn has spent 18 …
Insurer Nationwide is the least-complained about personal auto insurer in New York’s $10 billion auto insurance market, according to newly released ranking of 167 companies by the state’s Insurance Department. Long Island Insurance Company ranks worst among insurers writing $1 …
MarketScout, a Dallas, Texas-based electronic insurance exchange, has established Target Agent Gateway (TAG), which is a portal providing retail agent’s rapid access to Starr Insurance Companies. Also, to help agents gain access to the appropriate Starr underwriting divisions, MarketScout will …
American International Group Inc. Chief Executive Robert Benmosche appears to be taking on one of the toughest battles of his life in his inimitable scrappy style. AIG said Monday that its 66-year-old CEO had cancer and was undergoing “aggressive chemotherapy.” …
Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and tight markets that …
Warren Buffett’s Berkshire Hathaway Monday said hedge fund manager Todd Combs would join the firm, potentially bringing the company a step closer to solving Buffett’s succession puzzle. Berkshire Hathaway owns multiple businesses concentrated in insurance as well as tens of …
Brit Insurance Holdings NV has accepted an offer to be made by Achilles, an investment vehicle under formation in the Netherlands, for the acquisition of the company’s shares. Brit, a Lloyd’s insurer, is domiciled in the Netherlands with its main …
Health care liability insurance provider American Physicians Capital Inc., based in East Lansing, Mich., announced the completion of the merger pursuant to which APCapital became a wholly owned subsidiary of The Doctors Company, a large national insurer of physician and …
A pair of Durham, North Carolina sisters has been arrested for alleged insurance fraud, according to Insurance Commissioner Wayne Goodwin. Evelyn Lee Navarro, 31, has been charged with one count of embezzlement by an insurance agent. Sophia Georgette Navarro, 25, …
