Royal Sun, Arrowpoint Capital Delaware Insurance Commissioner Matthew Denn conditionally approved a management buyout of Royal and Sun Alliance Insurance Group’s U.S. operations. Denn ruled that there is no legal or financial basis to reject the buyout, although he stressed …
Houston, Texas-based HCC Insurance Holdings Inc. announced that Annette J. Goodreau has been promoted to senior vice president and chief actuary and will have responsibility for all actuarial activities of HCC and its subsidiaries. Goodreau has 20 years of experience …
Arthur J. Gallagher & Co. in Houston added Danny Golden as vice president for its construction niche. Golden will assist in the service of existing and new clients as well as other members of the Gallagher construction niche throughout the …
Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised by Apax Partners together …
The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, insurers and distributors. The study, released …
Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …
HCC Insurance Holdings Inc. announced that Stephen L. Way, chairman and founder of HCC, is retiring from its Board of Directors. Frank J. Bramanti, chief executive officer of HCC, said, “On behalf of the entire Board of Directors, employees and …
Spain’s Sistema and Germany’s Allianz have signed a share purchase agreement, whereby Allianz becomes the major shareholder of one of Russia largest insurers ROSNO Group. In a bulletin on its web site (www.alllianz.com) The Company stated that “together with its …
Standard & Poor’s Ratings Services has withdrawn its “AA” long-term counterparty credit and insurer financial strength ratings on Spain’s Mapfre Mutualidad de Seguros y Reaseguros a Prima Fija (Mapfre Mutualidad), following the corporate restructuring of the Spanish Mapfre insurance group …
Government and American Red Cross disaster experts from New York, London and Madrid — three cities hit by terrorist attacks in recent years — met last week in New York for a two-day conference to share experiences and improve response …
