Honeywell Blocks EEOC Move to Halt Wellness Penalties for Now November 4, 2014 By Beth Hawkins and Andrew Harris Honeywell International Inc. defeated the Equal Employment Opportunity Commission’s bid for a court order preventing it from penalizing workers who...
Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus November 4, 2014 Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in...
Genstar Sells Significant Interest in Insurance Software Firm Insurity November 4, 2014 Private equity firm Genstar Capital said it has sold a significant interest in Insurity, an insurance processing and data integration...
XL Group Appoints New Technical Officer of Brazil Unit November 4, 2014 XL Group has appointed Thisiani Matsumura Martins as technical officer of its insurance operation in Brazil, subject to approval by...
South Carolina Approves CAT Models, Weighs Building Public Model November 4, 2014 By Michael Adams South Carolina regulators have approved seven private catastrophe models for use in ratemaking while conducting a legislatively mandated study on...
Foreign Mortgage Bond Buyers Surpass Danish Pension Funds, Insurers November 4, 2014 By Frances Schwartzkopff International investors are overtaking Danish pension funds and insurers as the biggest buyers of the Nordic country’s covered mortgage bonds,...
Mt. Logan Re Appoints Tobin as Chief Financial Officer November 4, 2014 Mt. Logan Re Ltd., Everest Re Group’s special purpose reinsurer, has appointed Krystalle Tobin as its chief financial officer. Tobin...
New Rules for New York Drivers Using Hand-Held Phones November 3, 2014 New York state is imposing tougher penalties on motorists who use hand-held mobile phones while driving. As of Nov. 1,...
Maryland Insurers Using ‘Price Optimization’ Ordered to File Corrective Action Plan November 3, 2014 The Maryland Insurance Administration (MIA) issued a bulletin alerting insurers that the use of “price optimization” in Maryland is in...
Nash to Retire as President of N.H. Association of Insurance Agents November 3, 2014 Robert L. Nash, president of the New Hampshire Association of Insurance Agents (NHAIA), has announced his retirement effective Dec. 31,...