Swiss Re Corporate Solutions has added Michael Kwan to its North American leadership team based in Santa Ana, California. Kwan joins the Casualty North America leadership team as senior vice president and head of Excess and Surplus (E&S) Casualty as …
The federal excise tax does not apply to reinsurance or retrocession transactions between foreign insurers, even if the transaction covers U.S. risks, according to a May 26 decision from the U.S. Court of Appeals for the District of Columbia. At …
The Atlantic hurricane season opened with empty seas and low expectations as two storms raged off the western coast of Mexico, where they will almost certainly stay. Hurricane Andres, which formed last week and grew into a major Category 4 …
AXIS Capital Holdings Ltd. and PartnerRe Ltd. have scheduled special shareholder meetings to vote on the proposed merger of AXIS Capital and PartnerRe. AXIS Capital’s special meeting of shareholders in connection with the proposed merger will be held on July …
Alpha Natural Resources Inc. no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said last Friday. State …
Overland Park, Kan.-based MutualAid eXchange (MAX) named Lisa Bage as its new chief operating officer. She will direct the enterprise’s sales, marketing and underwriting operations. Bage comes to MAX enterprise from Bankers Insurance of St. Petersburg, Fla., where she was …
Marsh announced it has reached a definitive agreement to acquire SME Insurance Services (SMEi), a UK independent broker which provides specialist commercial insurance to small and medium-sized enterprises. Terms of the transaction, which is expected to close in the third …
General Insurance Corporation of India (GIC Re), the sole Indian Reinsurer, announced that it has earned a profit before tax of $455 million during the year 2014-15 with a growth of 22.75 percent. The profit after tax would be $434 …
Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M. Best. The availability of alternative capital in the …
Rocklin, CA, June 2, 2015 – Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the formation of their Small Business Unit, offering BOP, Excess and Commercial Package products, available in 48 states. These programs provide quotes on …
