Latest Industry Headlines
The following news stories feature information regarding the Property/Casualty insurance market.
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Hanover Insurance Group Names President of Professional Liability: Hanover Insurance Group Inc. has named Sarah Medina as president of professional liability.
In her new role, Medina will work closely with Hanover’s ... Date: February 28, 2020 |
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RSA Insurance CEO: Troubled Commercial Lines See Improvement as Personal Lines Shine: RSA Insurance Group plc is seeing strong results in its personal lines businesses as the group seeks to improve problem areas in commercial lines, said its ... Date: February 27, 2020 |
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Chubb Names Country President for Switzerland: Chubb has named Dawn Miller to succeed Florian Eisele as country president for Switzerland, subject to regulatory approval.
Miller will transition to her ... Date: February 27, 2020 |
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FedNat CEO Optimistic About Assignment of Benefits Reform, Non-Florida Growth: FedNat Holding Co. is seeing positive signs from Florida assignment of benefits reform and growth in the Southeast outside the Sunshine State, said the ... Date: February 27, 2020 |
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AIG Names Former Lloyd’s Director of Performance Management as CEO, International General Insurance: American International Group Inc. has named Jon Hancock as chief executive officer, international general insurance.
Hancock will transition to his new role ... Date: February 27, 2020 |
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AM Best Revises Outlooks to Positive for Sutter Insurance Company: AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating ... Date: February 27, 2020 |
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Lloyd’s Takes 40% Stake in London Market’s Electronic Placing Platform: Lloyd’s will take a 40% stake in the London Market’s electronic placing platform that will become a central element of future complex risk initiatives as the ... Date: February 26, 2020 |
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Protective Insurance CEO: Price Hikes, Reduced Exposure Drive Turn to Profitability: Increased rates, reduced exposure and reinsurance protection led Protective Insurance Corp. to a strong end for the year 2019, said the company’s chief ... Date: February 26, 2020 |
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Berkshire Hathaway Specialty Insurance Expands Team in Spain, Adds Two Leaders: Berkshire Hathaway Specialty Insurance continues to expand its team in Spain and has named Alejandro Lovera as head of executive and professional lines, and ... Date: February 26, 2020 |
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Allianz Global Corporate & Specialty to Close Dubai Office, Cede US Agriculture Business to Chubb: Allianz Global Corporate & Specialty confirmed it plans to close its office in Dubai, United Arab Emirates, following a strategic business review, and the ... Date: February 26, 2020 |
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Crum & Forster Commercial Lines President: Leaders Need Both Technical and People Skills: The key to leadership is having both technical and people skills, said John Binder, president of commercial lines for Crum & Forster. He spoke with AM BestTV ... Date: February 26, 2020 |
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AM Best Downgrades Credit Ratings of NORCAL Group; Revises Under Review Status to Developing from Negative: AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” ... Date: February 26, 2020 |
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AM Best Downgrades Credit Ratings of ProAssurance Group and ProAssurance Corporation: AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” ... Date: February 26, 2020 |
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Marsh JLT Specialty Names Global Head of Aviation: Marsh has named Garrett Hanrahan to succeed Simon Harker as global head of aviation, Marsh JLT Specialty.
Hanrahan will transition to his new role on April ... Date: February 26, 2020 |
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IGI Gains UK Regulatory Approval for Combination With Tiberius: International General Insurance Holdings Ltd. said it received U.K. regulatory approval for its proposed business combination with special-purpose acquisition ... Date: February 26, 2020 |
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Best’s Commentary: South Korea Regulation Change Brings Solvency Solution to Primary Insurers, Opportunities to Reinsurers: A regulatory change in South Korea permitting co-insurance to be used as a type of reinsurance arrangement may unlock opportunities and alternative capital ... Date: February 26, 2020 |
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Protective Insurance Swings to Fourth-Quarter Profit on Rate Increases, Reduced Loss Exposures: Protective Insurance Corp. posted fourth-quarter net income of $3.77 million, compared with a net loss of $24.57 million the previous year, helped by rate ... Date: February 25, 2020 |
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FEMA Adds $400 Million Cat Bond, Acquires $2.53 Billion Total Coverage for 2020 Season: The Federal Emergency Management Agency has secured a third capital markets catastrophe bond to provide additional reinsurance for the National Flood Insurance ... Date: February 25, 2020 |
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IRI Urges States to Follow SEC on Regulation of Retirement Products: The Insured Retirement Institute is urging states to not establish additional fiduciary regulations on top of those approved by the U.S. Securities and ... Date: February 25, 2020 |
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Argo CEO: Group Maintains US-Centered Strategy, Will Consider Entering New Markets: As it continues to review its strategy, Argo Group International Holdings Ltd. will remain a U.S.-focused specialty underwriter with an eye on entering new ... Date: February 25, 2020 |
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