Bermuda-based White Mountains Re, Ltd., the reinsurance unit of the White Mountains Insurance Group, announced that Dwight Evans has been named President and CEO of Folksamerica Re, effective immediately. Warren Trace succeeds Evans as president of White Mountains Re’s Bermuda-based …
Guy Carpenter & Co. and GC Securities, its investment banking arm, announced publication of “The Catastrophe BondMarket at Year-End 2007: The Market Goes Mainstream.” The report is the sixth annual review of catastrophe bond transaction activity and market dynamics, and …
UK insurer Aviva beat forecasts with a one percent rise in 2007 profit, as strong growth in life sales offset the heavy cost of Britain’s summer floods. The Group aims to double earnings per share by 2012. Britain’s largest insurer, …
American International Group , on the heels of reporting its largest-ever loss, said on Friday the subprime crisis had thrown it into “uncharted waters” that were likely to remain choppy through 2008. The world’s biggest insurer did not rule out …
A South Dakota senator has succeeded in at least temporarily blocking a measure that would force injured workers to give their entire lifelong medical records to their employers. When the Senate considered changes made to a bill dealing with medical …
North Dakota’s House Republican majority leader says the state’s troubled workers’ compensation agency needs to replace its interim chief executive with an experienced outside manager. John Halvorson, the chief of employer services at Workforce Safety and Insurance, has been the …
With all of the conflicting opinions about insurance leads and their value to your business, which information can you trust? Some say insurance leads are essential to today’s insurance market; others believe buying leads will cut into your profit and …
A Berkeley County, W. Va., Grand Jury indicted two men for presenting fraudulent certificates of insurance as true documents, according to West Virginia Insurance Commissioner, Jane L. Cline. Richard E. Thompson Jr., 37, of Martinsburg, W. Va., was indicted on …
Grange Mutual Casualty Company recently announced that its policyholders have elected Douglas Buth to its Board of Directors. Chairman Emeritus Edward Billman also announced his retirement from the Grange Board. Both announcements were made during the company’s annual policyholders’ meeting. …
A $100 million lawsuit claiming that NBC Universal Inc. prompted the suicide of a former Texas prosecutor who was a pedophile suspect is moving ahead after ruling by a U.S. federal judge earlier this week. U.S. District Judge Denny Chin, …
