Greensboro, North Carolina-based workers’ comp insurer Key Risk Insurance Co. has named Susan Preston regional director for the Mid-Atlantic Region. As regional director, Preston will oversee Key Risk’s Mid-Atlantic Region, including Virginia and states to the north. Preston will be …
The in-house watchdog for the U.S. Treasury Department’s massive financial rescue program is examining billions of dollars in counterparty payments made by bailed-out insurer AIG to major banks, such as Goldman Sachs, according to a letter obtained Tuesday. American International …
Standard & Poor’s Ratings Services has revised its outlook to negative from stable on Franch composite insurer Groupama S.A. S&P also affirmed the Group’s ‘A+’ long-term counterparty and insurer financial strength ratings. “The negative outlook reflects our view of the …
Aon Specialty, a division of Aon Risk Services, has unveiled the UK arm of its global Aon Energy unit. “The launch of the new management team follows the integration of energy specialists from the former Benfield Corporate Risks into the …
The latest round in the battle over competing offers from Max Capital and Validus Holdings to take over Bermuda-based IPC Holdings, Ltd. opened with Validus releasing the full text of a letter it sent to IPC’s Board of Directors on …
Zurich Financial Services Group announced that, effective June 1, Inga Beale (45) who currently serves as Head of Organizational Transformation and Mergers & Acquisitions (M&A) will assume the position of Global Chief Underwriting Officer. Mike Kerner (43) who currently serves …
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses from Monday’s magnitude 6.3 earthquake that struck the Abruzzo region of Italy are likely to range between €200 million and €400 million ($264 to $528 million). AIR said the “estimates …
Encino, Calif.-based NAS Insurance Services has a new insurance coverage that will pay a business’ legal expenses to contest denial of coverage by an insurance company. NAS’ Claims Dispute Insurance allows insureds to select attorneys from a panel of insurance …
The Brownyard Group has added a new property endorsement to its Foundation program, an insurance program designed for cosmetic manufacturers, distributors and importers. The new endorsement broadens the program’s property coverage and eliminates its co-insurance. “The new property endorsement enhances …
Farmers Insurance has promoted Bill Matlock, state executive director, Los Angeles Market, to vice president field operations, Los Angeles Market. Matlock joined the Farmers Insurance Group of Companies in September 1990 as a management trainee in the Columbus, Ohio, regional …
