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

Barney & Barney Names Quigley P/C Director in California

Barney & Barney Insurance Services LLC has named Sam Quigley director of property/casualty. Quigley will work in the firm’s Orange County, Calif. office, where he will focus on building the firm’s presence in the region, as well as recruiting, training …

Glatfelter Public Practice Names Watkins Sales Executive in California

Glatfelter Public Practice has named Martin Watkins a sales executive for California water-related accounts. Watkins will work in the Stockton, Calif. office and focus on developing business with water entities – those who treat, store and distribute water. Watkins has …

AIG Names Bexiga Commercial Insurance IT Officer

American International Group Inc. announced that Annabelle Bexiga has been named business information officer (BIO) for Commercial Insurance. Effective in August 2015, Bexiga will report to Phil Fasano, chief information officer, and will also report to John Doyle, chief executive …

Why Cigna Rejected $47 Billion Bid by Anthem

Cigna Corp. rejected Anthem Inc.’s $47 billion takeover bid, saying it was inadequate, not in the best interests of shareholders and that Anthem’s management wasn’t fit to lead a merged insurance giant. Anthem on Saturday offered to buy the smaller …

Wharton Study Finds Disaster Aid Displaces Property Insurance

Federal disaster aid granted to communities hit by natural catastrophes causes demand for property insurance to fall by six times as much, according to a new issue briefing from the University of Pennsylvania’s Wharton Risk Management and Decision Processes Center. …

XL’s Fortune Joins Aspen Product Liability Team

Aspen U.S. Insurance said that Grace Fortune has joined as senior vice president and product line leader for Products Liability. Reporting to Roxanne Mitchell, executive vice president for Aspen U.S. Casualty, Fortune will be based in Chicago. She will oversee …

Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined

Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly …

Uber Expected to Ride Out Employee Ruling, Maintain High Valuation

A California ruling requiring Uber to classify a San Francisco-based driver as an employee instead of an independent contractor could potentially change how sharing-economy companies operate, but it is unlikely to dent their value, investors said. If it holds up …

Report Calls for Overhaul of U.S. Auto Safety Agency

The U.S. auto safety watchdog is racked by internal problems that have prevented the agency from acting to protect the public from deadly auto defects, including faulty GM ignition switches, according to federal investigators. An official U.S. Department of Transportation …

CNA Hardy Appoints Clements as Distribution Director, Europe

CNA Hardy has appointed Andy Clements as distribution director, Europe. He will report to Elliot Miller, head of UK regions and Luc Malâtre, VP field operations. Clements will be responsible for building effective and long lasting strategic relationships with broker …