Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has provided more uniformity in the regulation and …
Berkshire Hathaway Inc.’s share price on Thursday surpassed and closed above $200,000 for the first time, the latest milestone for a company that Warren Buffett has built over nearly five decades into what some analysts view as a microcosm of …
Catlin Group Limited (CGL) announced that Andrew McMellin, currently CEO of the Group’s US underwriting hub, will become CEO of the London hub during the first half of 2015. The bulletin also explained that Paul Jardine, the Group’s COO, will …
Standard & Poor’s Ratings Services announced that it will publish its annual “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. The report “will provide a detailed perspective on the market, focusing on the competitive pressures that …
Liberty International Underwriters (LIU), part of the Global Specialty business unit of Liberty Mutual Insurance, announced the appointment of Alexander Montoya as Senior Vice President, Managing Director – LIU Latin America. He will report to David Cohen, President LIU US …
New York’s financial-services regulator told fellow watchdogs they are failing to address a “gaping regulatory problem” that he said allows life insurers to artificially inflate reserves. There should be tighter rules governing captives, the subsidiaries that some insurers use to …
The Virginia Department of Transportation is working to make roads safer for both wildlife and motorists. The agency’s research division is conducting a three-year study on animal travel patterns that is set to be completed in late 2015. Officials say …
Allied World Assurance Company Holdings, AG has launched its property line for energy risks in the Canadian market with a new team of underwriters. The company launched its initial property & excess casualty offerings for Canada in May. The new …
An Arkansas board is delaying its application for funding to establish a state-run health insurance exchange. The Arkansas Health Insurance Marketplace Board, created by a law passed by state legislators last year, was expected to submit a request this week …
The state says the theft of copper from pumping stations used to clear water from Detroit-area freeways may have been a contributing factor in this week’s major highway flooding. Michigan Department of Transportation spokeswoman Diane Cross says an investigation is …
