Swiss Re AG reported fourth-quarter profit that beat estimates after a quiet year for natural catastrophes and announced that Christian Mumenthaler, head of the company’s main reinsurance unit, will take over as chief executive officer on July 1. Net income …
Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard General Insurance Co. The offering of one …
Swiss Re announced that Christian Mumenthaler, 46, currently CEO of Reinsurance, will become group chief executive officer on July 1, succeeding Michel M. Liès, who is retiring. Since October 2011, Mumenthaler has successfully led the Reinsurance business unit, “maintaining underwriting …
The bosses of a third of Britain’s biggest companies warned on Tuesday that an exit from the European Union would put the economy at risk and threaten jobs. In a letter to the Times newspaper, bosses from big employers including …
Goldsboro, NC, February 23, 2016- Atlantic Casualty Insurance Company, a member of Strickland Insurance Group, has named Tim Martin, CPCU, AU, as Chief Underwriting Officer. Martin will provide oversight and direction for all underwriting functions performed by the company. He …
Homeowners in Jackson, Miss., will be allowed to purchase blighted properties in their neighborhoods for $10 to $250, under an order passed by a City Council committee. The panel on Feb. 16 approved the Neighbors First Lot Program, which would …
Citizens Property Insurance Corp. has launched a new website for customers, agents and other stakeholders that, according to the company, offers a more comprehensive gateway into the state’s insurer of last resort. Launched Feb. 1, the new site provides a …
GEICO is now offering a new ridesharing insurance product to drivers in South Carolina. GEICO’s ridesharing product replaces the driver’s personal auto policy and provides coverage for personal, ridesharing and other on-demand services whether the rideshare app is on or …
It appears Google Compare’s grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare’s major partners were told today that the giant tech firm is …
Donegal Group Inc. reported $7.76 million in net income for the 2015 fourth quarter, up 73 percent from $4.49 million during the same period in 2014. The full-year 2015 net income jumped to $26.77 million, an 84 percent increase from …
