ACE has announced three appointments in its ACE Tempest Re Bermuda reinsurance unit: Wayne Ashley as Chief Underwriting Officer, International; Graeme Henderson as Vice President, International; and Darin Cassidy as Vice President, USA. All will be based in Hamilton, Bermuda. …
Dutch-Belgian insurance group Ageas (the successor to Fortis) has confirmed that it has signed an agreement, through its UK subsidiary, to acquire Groupama Insurance Company Limited (GICL), the UK subsidiary of France’s Groupama, for a total consideration of £116 million …
Bermuda-based AXIS Capital Holdings Limited announcedthat its Board of Directors has appointed Jane Boisseau as a member of the Board, effective December 2012. She is a former co-chair of the Insurance Regulatory Department of the law firm Dewey & LeBoeuf …
World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday. The WTO cut its estimate from a 2012 …
Alabama senior citizens will have easier access to courses that can qualify them for automobile insurance premium credits under a new state law that allows them to take the courses online. Approved by state lawmakers earlier this year, the new …
Editor’s Note: This is the first in a series of articles to look at California’s workers’ compensation reform law in detail and what must be done to implement that law by Jan. 1, 2013. When Gov. Jerry Brown on Tuesday …
A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those endorsing it want more efforts …
Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Jerry Windom vice president in the risk management group of the firm’s Woodland Hills office. Windom advises clients on personnel and commercial line property and casualty insurance program design and …
Penn State already faces four lawsuits over the Jerry Sandusky child sexual abuse scandal, and at least 20 people with potential claims have already surfaced. It’s unclear how many will press claims against Penn State or whether more will surface. …
The Maryland Insurance Administration issued a consumer advisory this week, reminding consumers that lapsed insurance policies can lead to “lender-placed” or “force-placed” insurance that are often more expensive and limited in the scope and amount of coverage. Regulators observed that …
