Ironshore International has named Dr. Jörg Eickstädt as head of Direct and Facultative Property, effective immediately. He will be responsible for underwriting Ironshore’s direct and facultative portfolio for U.S. and international property risks. Eickstädt will be based in London, reporting …
Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to beef up underwriting and investment plans put forth by its sponsor. Blackstone Group will assist with investment management. For AXIS, …
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has launched a full suite of Accident & Health Insurance products in Australia and appointed Daniel Kenny as head of Accident & Health and Shaun Higgerson as senior underwriter, Accident & Health. …
The families of two girls who were killed in a DUI crash involving a former NASA astronaut in rural west Alabama have filed wrongful-death lawsuits in state and federal courts. Authorities have said 11-year-old Niomi James and 13-year-old Jayla Parler …
Scammers who claim to work for Duke Energy and threaten to turn off power unless payment is made in minutes are targeting businesses in Asheville, N.C. At least five restaurants have filed police reports about the scam in two months. …
South Carolina’s interstates are ranked among the deadliest in the nation, according to a recent report from TRIP, a transportation research organization based in Washington, D.C. The report released last week found that South Carolina’s interstate fatality rate is the …
MVB Financial Corp. has sold all of the assets of its wholly-owned subsidiary, MVB Insurance, LLC in Fairmont, W. Va., to USI Insurance Services LLC. MVB Insurance will retain the assets related to, and continue to operate, its title insurance …
The composite rate for commercial insurance placed in the United States moderated in June to minus 1 percent from minus 2 percent in May 2016. “Insurers are getting tired of cutting rates,” said Richard Kerr, CEO of MarketScout. “There are …
DataPath, a payment processor and provider, has launched RelianceCard, a card-based payment option for workers’ compensation Medicare Set-Aside (MSA) arrangements. The customizable card provides MSA recipients access to funds and network discounts, helping carriers and pharmacy benefit managers (PBMs) ensure …
The Federal Emergency Management Agency has approved more than $10 million in individual assistance to West Virginia homeowners and renters following last month’s devastating flooding. FEMA says more than 2,000 inspections of damaged properties have been completed, and that more …
