The Managing General Agents’ Association (MGAA) announced from its London headquarters that it has begun its board election process and has called for nominations from members. The results of the election will be announced during the MGAA’s general meeting, which …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has issued its monthly Global Catastrophe Recap report for December 2013. It highlights the impact on Europe of a series of windstorms during the month, including Windstorm Xaver, …
Zurich Insurance Group has appointed Robert Dickie (54, British citizen) as Chief Operations and Technology Officer and a member of the Group Executive Committee (GEC), effective March 2014. He will be responsible for Zurich’s shared services, IT, procurement and sourcing …
Basler Versicherungen, the German unit of Swiss insurer Baloise Holding AG, reached an agreement to cut 400 jobs by the end of 2017 to reduce costs. The company, based in Bad Homburg, has “a framework agreement with the employee representatives’ …
Indian Oil Corp. and two other state- run refiners said they will defer resuming purchases of Iranian crude by at least three months, having failed to get reinsurance for shipments after Europe said it would relax a coverage ban. Indian …
During a public hearing on Jan. 5, counselors who help Texas residents up for health insurance under the Affordable Care Act criticized proposed state rules that would require them to undergo additional training and pay fees, saying the regulations would …
The U.S. Senate is expected to take a key vote soon on a bill that would delay some of the flood insurance rate hikes triggered by the Biggert-Waters Flood Insurance Reform Act of 2012. The procedural vote will determine whether …
Capital Insurance Group named Gray Tyndall as vice president and chief financial officer. CIG also named Radhakrishna Mydam vice president and chief information officer. Tyndall succeeds retiring Bob Erickson, and he assumes executive responsibilities of controllership, treasury, economic strategy and …
A New Jersey insurance broker and the former mayor of Toms River, N.J., were each sentenced Monday for separate schemes involving officials of Toms River and the former insurance broker for the Toms River regional school district, Francis Gartland. Frank …
The Michigan Department of Insurance and Financial Services (DIFS) has suspended the license of James J. Carnaghi, previously licensed to sell property and casualty, accident and health, and life insurance in the state. The order of suspension was issued following …
