Catastrophe modeling firm AIR Worldwide announced that Dr. Jayanta Guin has been appointed executive vice president. He “will continue to direct AIR’s innovative research program as well as assist with strategic management of AIR’s overall business strategy and new initiatives,” …
In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our clients,” wrote Stuart Shipperlee, Analytical Partner at London-based Litmus Analysis*. …
XL Group Plc Chief Executive Officer Michael McGavick said he’s open to proposals for the company’s life reinsurance business as investment firms expand their pursuit of deals for such assets. “There has been increasing interest in transactions in this space,” …
The U.S. Senate is close to extending an insurance program Sen. Charles Schumer said is vital to New York’s post-9/11 resurgence and economic development in cities across the country. Schumer, D-N.Y., introduced a bill on April 10 that would extend …
FedEx Corp. will be in the spotlight of U.S. safety investigations operating alongside local law enforcement inquiries after a fiery truck-bus collision killed 10 people in California. Two federal agencies said that they were joining the probe into the April …
The Independent Insurance Agents & Brokers (IIABA or the Big “I”) recently awarded agent Cloyce Anders of North Carolina with the Woodworth Memorial Award, the highest honor the association bestows on one of its members, during the annual Big “I” …
Travelers Companies, which acquired Dominion of Canada General Insurance in 2013 and increased its ownership stake in its joint venture in Brazil in 2012, is likely to continue expanding internationally. In his annual letter to shareholders, Travelers CEO Jay Fishman …
Oklahoma hasn’t had a tornado or a tornado warning for more than eight months, though it is doubtful Oklahoma will be able to match its longest streak ever without a twister. Things have been unusually quiet through the first three …
Specialty Insurance Managers Inc., a managing general agent based in Austin, Texas, has begun offering a new high value homeowners insurance program in Texas, New Mexico, Arkansas, Oklahoma, Missouri and Kansas, with plans to expand into additional territories. The MGA …
Rideshare companies Uber and Lyft are leading a campaign to undo new regulations adopted by the Seattle City Council. The rules require them to meet to meet the same safety and insurance requirements as taxi companies. They also limit each …
