Ironshore Inc., the insurer led by executives who left American International Group Inc. in the financial crisis, filed for a $100 million initial public offering so that its backers can reduce their stakes. Bank of America Corp. and UBS AG …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Connecticut, and its core property/casualty and life reinsurance /insurance subsidiaries operating in the United …
Mike McGavick, CEO of XL Group, told UK-based risk managers attending this year’s Airmic [Association of Insurance and Risk Managers in Industry] conference in Birmingham: “It’s a great time to be in your jobs, there is great opportunity for you …
Climate change is a growing threat to tourism, from thawing ski resorts to coral reefs hit by warmer seas, and the industry itself should do more to curb its soaring greenhouse gas emissions, a study showed on Tuesday. Tourism’s greenhouse …
ANV Holdings BV, the specialty insurance business, headquartered in the Netherlands, announced the opening of its first U.S. Market Managing General Underwriter (MGU), to be led by Peter McKeegan. ANV said the “team will underwrite Financial Lines for the U.S. …
Recent announcements by giant retailers Walmart and Overstock.com that they entering the insurance sales game have elicited a healthy response from the insurance industry. Some agents have expressed concern and frustration at the notion that their way of doing business …
A bill to more thoroughly regulate insurance requirements for ridesharing companies is successfully wending its way through California Legislature as insurance associations and representatives for companies like Uber and Lyft try and hash out an uncertain middle ground. The Senate …
A bill approved by Michigan Legislature that further limits certain consumer lawsuits against insurance companies under the state’s Consumer Protection Act has been sent to Gov. Rick Snyder for his signature. The issue addressed by HB 5558 “is whether a …
Connecticut’s largest city is getting $10 million from the federal government to help protect it against another superstorm like Sandy in 2012. Bridgeport, Conn., officials told the Connecticut Post that the money will be used to engineer strategies to protect …
The NYPD is conducting a citywide traffic safety enforcement initiative over the next three weeks. It started Monday and continues through July 6. Police in New York City will be focusing on speeding, driving while using a cellphone, improper turns, …
