France’s AXA Group has launched its second securitization of motor insurance risks based on individual motor policies underwritten by its German, Belgian, Italian and Spanish operations. AXA launched its first motor securitization for its French exposures in 2005 (See IJ …
According to a report from the ACE European Group, released in London, “risk management is now seen as a key contributor to a company’s source of competitive advantage with companies putting risk managers under increasing pressure to show measurable returns …
Bermuda-based Quanta Capital Holdings Ltd. has made preliminary tender offer filings with the U.S. Securities and Exchange Commission relating to its plans to offer to repurchase, through its wholly-owned subsidiary QCH Acquisition Ltd., any and all of its issued 10.25 …
Bermuda-based RenaissanceRe Holdings Ltd. announced the formation and funding of Starbound Reinsurance II Limited, a new Bermuda reinsurance company, that will make approximately $375 million in new reinsurance capacity available to Florida homeowners. One of RenRe’s operating companies, Renaissance Reinsurance …
The Tucson, Ariz., Unified School District is meeting with employee unions in an attempt to recoup $700,000 in free health insurance it inadvertently gave to its workers. The district has not formally announced the error to employees, and presidents of …
A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners (NAIC), which hosted its summer conference this week in …
Novato, Calif.-based Fireman’s Fund Insurance Co. has endorsed a program for insurance agents errors and omissions (Agents E&O) coverage with Independent Insurance Agents & Brokers of America (IIABA), known as the Big “I”, in all 50 states and the District …
Bristol West Holdings Inc. of Davie, Fla., announced that it has begun writing private passenger automobile insurance in Utah. With the addition of Utah, Bristol West now writes insurances in 25 states. Jeffrey J. Dailey, Bristol West’s CEO, said Utah …
Jeffrey Burke has joined Encompass Insurance Co. as the regional sales director the company’s West Central Region, headquartered in Englewood, Colo. The region includes the states of Colorado, Iowa, Kansas, Missouri, Montana, Nebraska, North Dakota, South Dakota and Wyoming. Burke …
Mark Freeman has been named the middle market Leader for the San Francisco office of Marsh. Freeman is responsible for the growth, operations and delivery of services to middle market firms in the Bay Area. The San Francisco office is …
