Monthly Archives: <span>February 2015</span>

U.S. Sends Wrong Health Tax Information

The U.S. said it sent 800,000 Americans incorrect information that may affect how much they owe in taxes this year because of subsidies they got to help pay for health insurance under Obamacare. People affected by the error are being …

Diversity Within Insurance Industry Serves Expanding Nonprofits

Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance industry that serves this specialty market, the …

Roof Collapses Mount Across Boston Region in Weekend Snow, Rain

Roofs continue to collapse under record snow across the Boston area, most over warehouses and barns, as the latest weekend storm brings three to five inches of snow, topped off by up to a half-inch of rain in some areas. …

AXA to Acquire 7% of Africa Re to Increase Pan-African Exposure

AXA has entered into an agreement to acquire a 7.15 percent stake in African Reinsurance Corporation, the leading reinsurance company in Africa. Under the terms of the agreement, the total cash consideration payable at closing would amount to USD$61 million …

Western Security Surplus Enlists Tania V. Strickland to Head New San Antonio Office

Plano, TX, February 23, 2015- Kyle Stevens, President/CEO of WSS announced that the company has hired Tania Strickland as a new Senior Broker and Regional Vice President. Strickland will be heading a new Central Texas office located in San Antonio, …

Swiss Re Corporate Solutions Granted So. Africa License

Swiss Re Corporate Solutions announced that its new wholly-owned subsidiary, Swiss Re Corporate Solutions Advisors South Africa Pty Ltd, is now licensed by the South African Financial Services Board to operate in the country as a Financial Services Provider (FSP). …

Australia Cyclone Causes Power Cuts, but Spares Miners, Farmers

Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east coast of Australia packing winds up to 285 kph (175 mph), but thousands of coastal residents on Monday faced a third day without electricity. …

Canada to Overhaul Rail Safety Rules; More Insurance Will Be Required

The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, which will be used when a railway’s insurance …

Berkshire Hathaway Specialty Insurance Fills 2 Key Positions in Singapore

Berkshire Hathaway Specialty Insurance (BHSI) announced two appointments to its leadership and underwriting team in Asia, naming Malin Fredriksson as Asia regional head of first party lines, and Kiran Prakash as Asia regional head of engineering and construction, both based …

Johnston Promoted to P/C Underwriter at Michigan-Based J.M. Wilson

Managing general agency and surplus lines broker J.M. Wilson promoted Samantha Johnston to property/casualty underwriter in its Portage, Mich., office. Johnston will be responsible for quoting, binding and servicing property/casualty accounts for independent insurance agents. Johnston gained experience as an …