UK and Lloyd’s insurer Amlin plc held a presentation for analysts today focused on updating its catastrophe estimates. Amlin estimated that net claims from the two major U.S. tornadoes during April and May 2011 were approximately $50 million. It also …
The XL Group plc announced the appointment of Paolo Ribotta as Head of Global Distribution, a newly-created post. He will be responsible for the performance, direction, growth and support of XL’s global network, and will report to XL’s Chief Executive …
Allied World Assurance Company Holdings, AG has announced that it expects to record approximately $65 million to $75 million in catastrophe related losses and loss expenses in the second quarter of 2011. The company said the majority of those losses …
International insurance think tank, The Geneva Association, announced the appointment of former Secretary General of the International Association of Deposit Insurers (IADI) and Deputy Director of the Federal Deposit Insurance Corporation (FDIC), Donald Inscoe, as Head of Institutional Relations. He …
Buena Park, Calif.-based Freeway Insurance, a California provider of non-standard auto insurance and a subsidiary of New York-based Confie Seguros, announced that Joseph Waked has been named CEO of Freeway, replacing Freeway’s former CEO, John Klaeb, who has been named …
PowerGuard Specialty Insurance Services—a managing general agent and Lloyds cover holder specializing in insurance and risk management products for the wind and solar energy industries—has launched the PowerWrap Solar Project Performance Guarantee Policy. PowerWrap has been designed to provide an …
Phoenix-based MiniCo Insurance Agency LLC announced that it has signed an agreement with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Ltd., to be an additional carrier for MiniCo’s specialty insurance programs for the self-storage industry. Aspen American …
San Diego-based Arrowhead General Insurance Agency Inc. is the recipient of three awards from the Insurance Marketing and Communications Association (IMCA). The IMCA competition has been recognizing outstanding marketing and communications work in the insurance industry for more than 53 …
Los Angeles-based Farmers Insurance Inc. has agreed to pay $1.52 million in overtime back wages to 3,459 employees following an investigation by the U.S. Department of Labor’s Wage and Hour Division that disclosed significant and systemic violations of the federal …
Brett Rustand has joined Tucson, Ariz-based Crest Insurance Group as a commercial property/casualty agent. At Crest Insurance Group, Rustand specializes in risk management for mid- and large-sized commercial clients. Prior to joining Crest, he was a commercial lines agent in …
