The 2013 Atlantic storm season has proved one of the quietest in decades with the lowest number of hurricanes since 1982 and none of them considered ‘major’, according to insurance broker Willis Re. An unusually quiet hurricane season is significant …
Low interest rates are the biggest risk for European insurers and pension funds, weighing on sales of retirement products, the region’s top industry supervisor said. Interest rates are “putting pressure mostly on life insurers’ and occupational pension funds’ ability to …
Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss. At Leadenhall Capital Partners in London, assets under management have doubled to …
North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in Charlotte, N.C. With the new technology center, AIG plans to bring 230 new jobs to the region by the end of …
North Carolina’s Insurance Commissioner Wayne Goodwin on Wednesday delivered the keynote presentation, “Why North Carolina?” to captive insurance managers and service providers, regulators, legislators and other interested parties at the first North Carolina Captive Insurance Association (NCCIA) seminar in Raleigh.With …
Florida Insurance Commissioner Kevin McCarty announced Rebecca Matthews has been appointed chief of staff for the state’s Office of Insurance Regulation. Matthews has been serving in the interim chief of staff capacity since Oct. 25, 2013, when then-chief of staff …
Heffernan Insurance Brokers named Jeff Prout assistant vice president North Bay office in California. Prout will focus on new business development for all Commercial Lines for Heffernan. Prout’s background includes consulting, sales and marketing in the insurance and banking industries …
Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the business …
Florida insurance agencies and agents have just a few days left to decide whether or not to agree to the state-backed property insurer’s new appointment guidelines. Citizens Property Insurance Corp. revamped its agent appointment process in September in preparation for …
Political powerbroker George Norcross is now the majority owner of Philadelphia’s two largest newspapers, although a rival holds equal power under their managing partnership. Norcross, a New Jersey-based insurance executive, doubled his holdings to 53 percent of Interstate General Media …
