The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a joint committee to explore the idea. Brady Kelley, executive director, …
AXIS Capital Holdings Ltd. announced Tracy Harrington Cloud has joined AXIS Insurance as senior vice president, International Distribution and Broker Management. Harrington Cloud’s role will include helping to further enhance distribution management services and offerings across AXIS’ global network of …
Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors. Somerset Re provides customized risk management solutions to the life insurance and annuity …
Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …
PartnerRe Ltd., the reinsurer owned by John Elkann’s EXOR SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 million) in a deal expected to be completed …
The National Young Agents Committee (YAC) of the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) has presented Kelly Hume of the Young Agents Council of the Michigan Association of Insurance Agents (MAIA) with its Outstanding …
A.M. Best has assigned a financial strength rating (FSR) of A- (Excellent) and a long-term issuer credit rating (Long-Term ICR) of “a-” to LUBA Indemnity Insurance Co. LUBA Indemnity a wholly owned subsidiary of LUBA Casualty Insurance Co. (LUBA). Both …
Conservationists and regulators are at odds over how much coal ash was swept away by flooding during Hurricane Matthew – state inspectors say it would fit in the bed of a pickup truck while a watchdog group argues it’s a …
Construction scaffolding fell to the street from a downtown Miami high-rise Wednesday afternoon, causing one death and five injuries, authorities said. A man in his 50s had a fatal “cardiac episode” while running from falling debris near the approximately 50-story …
The Georgia Department of Insurance (GADOI) has released preliminary estimates of insured losses in the state from Hurricane Matthew. In a statement issued Thursday, GADOI said more than 30,000 claims have been reported and insured losses in Georgia has now …
