Insurance Division News

XL Appoints Allen to Head New Financial Lines Team M&A Division

XL Group announced it has added a Mergers and Acquisitions (M&A) Insurance division to its Financial Lines business and appointed Tim Allen to head the business line as Sr. VP, Global Head of Mergers & Acquisitions Insurance. XL responded to …

South Dakota Insurance Firm to Pay Penalty, Comply With Law

The state Insurance Division says a South Dakota-based insurance company has agreed to pay a penalty of $25,000 and comply with insurance laws and regulations. The division says it has completed an examination of ReliaMax Surety Co., which issues surety …

New Willis Unit to Help Clients Meet Women, Minority Business Requirements

Willis has started a new practice group called Willis Open to help public entities and corporate businesses build alliances with minority-owned business enterprises (MBE) and women-owned business enterprises (WBE). The company said that Kimberly Waller and Phillip Styles have come …

ACE USA Restructures Global Property Division

ACE USA, the U.S.-based retail operating division of The ACE Group, has reorganized its Global Property division to now include three property insurance units designed to serve the needs of domestic and multinational businesses. The commercial property, specialty catastrophe, and …

Great American Opens Public Sector Alternative Risk Division

Great American Insurance Group has launched its Public Sector Alternative Risk Division. This Division will offer coverages in the reinsurance and excess insurance markets for pools, trusts, joint powers authorities (JPAs), reciprocals and captives in the public entity space. Targeted …

Oregon’s Consumer and Business Department Names Premium Assessment Rate

An assessment rate of direct earned premium is necessary for the Oregon Department of Consumer and Business Services to carry out its statutory responsibility to regulate, administer, and enforce the workers’ compensation and occupational safety and health laws of the …