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The following news stories feature information regarding the Property/Casualty insurance market.
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Axis Surplus Insurance Seeks Judgment to Avoid Paying for Harvey Weinstein’s Defense: Axis Surplus Insurance Co. filed a lawsuit seeking relief from paying for the defense costs of filmmaker Harvey Weinstein in connection with pending civil and ... Date: September 20, 2018 |
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Willis Re Restructures Specialty Business: Willis Re said it restructured its specialty business to provide what it calls “improved clarity” of roles and accountability as it seeks to produced “a new ... Date: September 20, 2018 |
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Berkshire Hathaway Specialty Expands Dubai Executive Team: Berkshire Hathaway Specialty Insurance Co. said it further expanded its leadership team in Dubai with the appointment of executives to key product line and ... Date: September 20, 2018 |
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Enstar Affiliate StarStone Confirms Departure of CEO: StarStone Insurance Bermuda Ltd. confirmed that its chief executive officer has left the company.
“StarStone can confirm that Demian Smith has resigned as ... Date: September 20, 2018 |
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Burns & Wilcox Corporate SVP: Hurricane Florence Will Hit Profits at Lloyd’s Syndicates: Hurricane Florence will dent profits at Lloyd’s syndicates writing catastrophe coverage in the Carolinas, according to a Burns & Wilcox executive.
“That ... Date: September 20, 2018 |
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A.M. Best Upgrades Credit Ratings of Wayne Cooperative Insurance Company: A.M. Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from ... Date: September 20, 2018 |
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Indian Government Revises Rules for National Crop Insurance Scheme: The Indian government has released new operational guidelines for its flagship crop insurance scheme called Pradhan Mantri Fasal Bima Yojana in a bid to make ... Date: September 20, 2018 |
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Sales Practices, Claims-Handling Issues Raised as Australia’s Royal Commission Turns to Nonlife Insurers: Delays in handling insurance claims and conflicted sales practices have been the most common issues encountered by Australian consumers in dealing with nonlife ... Date: September 20, 2018 |
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NCCI Seeks 2.3% Workers’ Comp Loss Costs Cut for 2019: The National Council on Compensation Insurance is asking Oklahoma insurance regulators to approve an overall decrease of 2.3% in workers’ compensation loss ... Date: September 19, 2018 |
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Butterball Seeks to Dismiss Great American Lawsuit Over $4.2 Million Environmental Spill: Turkey producer Butterball LLC has asked a North Carolina federal judge to dismiss Great American E&S Insurance Co.’s lawsuit over who must pay for a $4.2 ... Date: September 19, 2018 |
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Specialty Media Underwriter Mutual Insurance Names Chief Executive Officer: Joanne Richardson has joined Mutual Insurance Co. Ltd. as chief executive officer.
Her appointment to the Bermuda-based media liability risk underwriter was ... Date: September 19, 2018 |
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Enstar Shelves Plan to Sell Atrium, StarStone Units: Enstar Group Ltd. said it and private equity partner Stone Point Capital LLC have ended their effort to gauge interest from potential buyers for their active ... Date: September 19, 2018 |
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Best’s Market Segment Report: U.S. Property/Casualty Mutual Insurers Achieve Moderate Surplus Growth Despite Elevated Losses: In 2018, A.M. Best-rated U.S. property/casualty mutuals experienced a modest deterioration in underwriting results in 2017 owing largely to catastrophic ... Date: September 19, 2018 |
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Axis Capital Names CEO for European Specialty, Reinsurance Units: Helen O’Sullivan has been named chief executive officer of Axis Specialty Europe S.E. and Axis Re S.E.
She succeeds Tim Hennessy, who earlier this year was ... Date: September 18, 2018 |
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Tokio Marine Kiln Names Chief Financial Officer: Tokio Marine Kiln has named Reeken Patel as chief financial officer of the Lloyd’s underwriter.
Patel takes over for James Dover, “who has chosen to leave ... Date: September 18, 2018 |
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Update: American Family and Main Street America Seeking Member Approval for Planned Merger: (Corrects cities in which The General and Homesite are headquartered.) American Family Insurance Mutual Holding Co. and Main Street America Group are seeking ... Date: September 18, 2018 |
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AIR Worldwide Puts Hurricane Florence Losses at $1.7 Billion to $4.6 Billion: Catastrophe risk modeling firm AIR Worldwide estimates insured losses from Hurricane Florence of $1.7 billion to $4.6 billion from wind and storm surge ... Date: September 18, 2018 |
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Liberty Specialty Names Head of Underwriting, Delegated Authority: Liberty Specialty Markets has named Lewis Edwards head of underwriting, delegated authority for specialty lines to develop its U.K. and international ... Date: September 18, 2018 |
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CEO Named for Ascot’s US Managing General Underwriter Platform Ethos Specialty: Rory Cline has been appointed president and chief executive officer of Ethos Specialty Insurance Services, the U.S. managing general underwriting platform of ... Date: September 18, 2018 |
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Modelers and Risk Experts: Flood Modeling, Mapping Science Continue to Develop: Modelers and risk experts who spoke at the RMS Exceedance 2018 conference in Miami said current U.S. flood designations do little to distinguish depth of ... Date: September 18, 2018 |