Bermuda-based Everest Re Group Ltd. announced that Stephan Knipper joins the company as managing director Continental Europe (subject to regulatory approval), based in Zurich. Knipper joins Everest with more than 25 years of industry experience, most recently as CEO and …
Allianz SE said first-quarter profit surged 21 percent, beating analysts’ estimates, as Europe’s biggest insurer was helped by gains from selling investments. The shares rose. Net income climbed to 2.2 billion euros ($2.5 billion) from 1.8 billion euros [$2.1 billion] …
Greenlight Capital Re Ltd. posted a quarterly profit for the first time since 2014 on a rebound in the reinsurer’s investment portfolio, which is overseen by hedge fund manager David Einhorn. Net income of $28.7 million in the three months …
San Diego, CA, May 3, 2016 – Atlas General Insurance Services, a national multi-line program administrator, is pleased to announce that Ryan S. Kirby has been hired as Chief Legal Officer, General Counsel. Kirby is an experienced attorney, skilled in …
Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder, according to Citizens Property Insurance Corp. …
Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital. The parties did not disclose terms of the transaction. Reuters, citing anonymous sources, said it was for $2.7 billion TPG …
This post is part of a series sponsored by CoreLogic. “I’m paying $574,000 for this house, but it only needs to be insured for $225,000?” Agents often find themselves answering questions like this because consumers can be confused when it …
Willis Programs, a unit of Willis Towers Watson, and the Association for Unmanned Vehicle Systems International (AUVSI), an industry association for unmanned systems, have partnered to develop DroneGuard, an insurance program for AUVSI’s members. DroneGuard is designed for unmanned system …
Greater New York Insurance Companies (GNY), a super-regional carrier in commercial property/casualty insurance, announced it will begin issuing policies in Maine beginning May. “Many New England business owners and property managers have properties in Maine, and we want to help …
Prime Risk Partners Inc. reported it has entered into an agreement to acquire Old National Insurance (ONI), a large independent insurance agency in the Midwest. ONI will operate under the name ONI Risk Partners and will retain all of its …
