Hannover Re, the world’s third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in earnings from property and casualty. Net income increased to 252.2 million euros ($274 million) from 211.5 million euros a year …
Cayman Islands-based Greenlight Re reported a net loss of $39.6 million for the second quarter of 2015, compared to net income of $109.6 million for the same period in 2014. The net loss per share for the second quarter of …
A summer deluge has flooded streets in the Tampa Bay area, forcing some road closings and evacuations, delaying airline flights and overtaxing parts of local wastewater treatment systems. Major intersections were closed Monday near downtown Tampa, snarling traffic throughout the …
Officials in the City of Lexington, N.C., have declared a state of emergency after a break occurred in a 16-inch water main. The Dispatch of Lexington reports restaurants and other businesses closed on Monday. City offices closed at noon. Citizens …
Regions Insurance, Inc., a subsidiary of Regions Insurance Group, Inc. and an affiliate of Regions Bank, has acquired The A.I. Group, Inc., with offices in Greater Atlanta and Athens, Georgia. The A.I. Group provides employee benefits consulting and insurance brokerage …
The Travelers Companies Inc. today announced that Alan D. Schnitzer will succeed Jay S. Fishman as chief executive officer, effective December 1, 2015. In a letter to employees, Fishman, 62, said that his neuromuscular disease, which he disclosed last November, …
The MEMIC Group, a workers’ compensation insurer based in Portland, Maine, hired Marcia Hartt as agency services administrator to enhance MEMIC’s relationship with insurance agencies. She is based in MEMIC’s Portland headquarters office.
The National Council on Compensation Insurance (NCCI) recently delivered a workers’ compensation loss cost filing to the Maryland Insurance Administration. NCCI stated in its July 28 filing that based on its review of the most recently available data, it is …
The families of more than a dozen victims of the Newtown school shooting rampage in Connecticut would split $1.5 million under proposed settlements of lawsuits against the estate of the gunman’s mother. The lawsuits filed this year accuse Nancy Lanza …
Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia under the Risk Innovations name and management team. …
