Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, announced that John Dalton has been appointed President of Montpelier Underwriting Inc. (MUI), effective immediately. He will report to Richard Chattock, Chief Underwriting Officer at Montpelier …
The Bermuda-based Everest Re Group, Ltd. announced that Joseph V. Taranto has agreed to continue in his role as CEO of the Company through 2013, at which point he will retire from the position. Effective January 1, 2014, Dominic J. …
Professional reinsurer IRB Brasil Re has entered into a long-term agreement to license Risk Management Solutions’ suite of models “to enhance its catastrophe risk decision-making, and better inform business growth with advanced analytics,” said an announcement from the California-based company. …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Polskie Towarzystwo Reaskuracji S.A. (Polish Re) , both with stable outlooks. The rating affirmations reflect Polish Re’s …
A major heat wave and drought has sent world grain prices sky rocketing for a second of three summers suggesting it is time to address supply through re-purposed climate research. Tackling high food prices among the leading G20 nations has …
Compromise legislation introduced in the U.S. Senate on Thursday would bolster cyber threat assessment and permit the government to share information with American business under certain conditions, a step aimed at better protecting them from attacks. The bill, which is …
The drought ravaging America’s prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in some cases, farmers who have amped up their insurance coverage may be giving up on their crops early rather than …
A Tennessee appeals court has reluctantly ruled that a Johnson City man convicted of killing his wife in a bathtub for the insurance money can keep $200,000 in life insurance proceeds. The Knoxville News Sentinel reported this week that the …
With Colorado’s and New Mexico’s record wildfire seasons freshly in mind, some experts are starting to take note that California’s wildfire season is nearing, and with that there are two main points to be made: the state’s wildfire season may …
The Citizens Property Insurance Corp.’s governing board convened a workshop in Miami this week to address various issues facing the state-run insurer, including its inadequate rates, ballooning book of business and recent complaints about how the company is going about …
