XL Group has appointed Dave Schmitz to lead its global Property Risk Engineering Services, including XL Global Asset Protection Services, a network of risk engineers who provide on-site property risk analysis and support clients’ property loss prevention programs. Schmitz is …
Survivors of one of Australia’s deadliest wildfires are to be awarded nearly A$500 million (US$467.5 million) in a class action settlement reached Tuesday, the largest such compensation in the nation’s history. The fire, which killed 119 people, was the biggest …
Britain’s Financial Conduct Authority said some price-comparison websites for general insurance are failing to meet regulatory standards. Websites “did not always ensure that consumers were given the appropriate information to help them make informed decisions,” the FCA said in a …
The German unit of Allianz SE, Europe’s biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years. “We have achieved a lot; now it’s time to switch to …
Aspen Insurance Holdings Ltd. investors should reject plans from hostile bidder Endurance Specialty Holdings Ltd. to expand their company’s board, proxy adviser Glass Lewis & Co. said in a report. “Endurance has failed to make a compelling case for Aspen …
KENNESAW, Ga., July 16, 2014 — Breckenridge Insurance Services, the wholesale commercial brokerage division of Breckenridge Insurance Group, has named Michael J. Foley as area president to head up West Coast brokerage expansion efforts. Foley brings nearly 25 years of …
M.L. Ruberton Agency of Hammonton, New Jersey, announced it has joined The Iroquois Group, a network of property/casualty insurance agencies. Founded in 1910, M.L. Ruberton Agency is a family-owned insurance agency providing personal and commercial insurance to customers in South …
Heffernan Insurance Brokers has tapped Lawrence Thomas to join its Orange County, Calif. branch as assistant vice president. Thomas will focus on building the nonprofit, entertainment and fashion apparel manufacturing specialties for Heffernan in Southern California. His duties at Heffernan …
Texas-based Sterling Shipyard LP has been cited for 16 serious, repeat and failure-to-abate violations by the U.S. Department of Labor’s Occupational Safety and Health Administration for continuing to expose workers to safety hazards, including dangerous machinery, high noise levels without …
Fireman’s Fund Insurance Co. named Steven Bailey national practice leader in field underwriting for highly protected risks in large property. In this national role, Bailey brings his experience as an underwriter and engineer to the table to work with brokers …
