Lee Roth will be retiring from Fireman’s Fund Insurance Co., and Joe Kinsey, who has reported to Roth for the past two years, has been named her successor. Roth will be retiring on May 1. Kinsey will work out of …
Renewal Processing Time. Due to many reasons, including agencies cutting staff too much, I find many commercial CSRs are far behind in checking their policy renewals. Being behind creates significant E&O exposures such as missing errors and making mistakes trying …
If the UK exits the European Union, it could wreck London’s position as the only financial center to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money managers concluded. Prime Minister …
Doha-based Q-Re LLC announced that it has changed its legal name to Qatar Reinsurance Company LLC, and will henceforth trade as Qatar Re. Gunther Saacke, CEO of Qatar Re said: “Over the course of the past 18 months our company …
The United States said it has removed the Philippines from its piracy watch list after two decades following significant reforms put in place by Manila, raising prospects for increased trade and investment between the two allies. The announcement, posted on …
The ACE Group has appointed James Wixtead as Sr. VP, ACE Group, and President of ACE Tempest Re Group, the company’s global reinsurance business. He currently serves as Division President of ACE Tempest Re USA. Wixtead will succeed Jacques Bonneau, …
The Zurich-based ACE Group announced the appointment of Jacques Bonneau, currently ACE Group Executive VP and head of the company’s global reinsurance business, as Executive Vice President, Global Underwriting, with executive responsibility for advancing underwriting excellence across the company, effective …
Bermuda-based PartnerRe Ltd. reported a net income of $295.7 million, or $5.61 per share for the first quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $115.8 million, or $2.20 per share. Net income for …
The insurance industry has not given up on getting Congress to pass legislation to create a national producer registry and make it easier for agents and brokers become licensed in multiple states. The Independent Insurance Agents and Brokers of America …
Florida’s largest property insurer is preparing to transfer $3.1 billion in risk through a combination of reinsurance catastrophe bonds, including a $1.5 billion deal that is the largest of its kind on record. The Citizens Property Insurance Corp. board of …
