Monthly Archives: <span>March 2018</span>

Kearns Appointed President of Virginia’s Berkley Mid-Atlantic Group

W. R. Berkley Corporation has appointed John F. Kearns as president of Berkley Mid-Atlantic Group, a Glen Allen, Va.-headquartered Berkley Company (BMAG). Kearns succeeds Susan N. Grady, who remains a member of the Berkley team focusing on regional small commercial …

Virginia’s Kinsale Insurance Company Promotes Muntean

Kinsale Insurance Company, a Richmond, Va.-headquartered specialty insurance group focused on the excess and surplus lines market, has promoted Victoria Muntean to division manager of its Products Liability Division, effective March 1, 2018. Muntean is an employee of Kinsale Management …

Nor’easter May Break Records, Threatens Billions in Real Estate

A potentially record-breaking nor’easter is set to pummel the U.S. East Coast with wind, snow and rain Friday, putting billions of dollars of coastal real estate at risk from “unprecedented flooding.” While upwards of a foot (30 centimeters) of snow …

Nautilus Names Joyce Chief Underwriting Officer; Lasky Chief of Claims

Excess and surplus lines carrier Nautilus Insurance Group has appointed Thomas Joyce as senior vice president, chief underwriting officer. Joyce has served as senior vice president, chief claims officer, since joining Nautilus in 2015. He has 30 years of experience …

XL Catlin Insurance Taps AXA’s Hanna as Head of Central Broker Management

XL Catlin’s insurance operations announced it has appointed Elie Hanna as head of Central Broker Management. He reports to Philippe Gouraud, head of Strategic Client and Broker Management, Insurance. Based in London, Hanna will be responsible for managing XL Catlin’s …

Trump Backs U.S. Lawsuit Against Opioid Firms, Tougher Penalties for Dealers

President Donald Trump on Thursday called for a federal lawsuit against opioid companies and stiffer penalties for drug dealers, arguing that the government must take a strong approach to combat an opioid addiction epidemic. Trump said that he had urged …

U.S. Wants Public Input on Rules for Driverless Vehicles, Trains

U.S. Transportation Secretary Elaine Chao said on Thursday that regulators will seek public input on rules for self-driving commercial vehicles and trains, as the administration grapples with how to regulate their expected future use. At a speech in Washington, Chao …

S&P Lowers RenRe Holdings’ Ratings by One Notch on Competitive Pressures

S&P Global Ratings has lowered the long-term issuer credit rating on Bermuda-based RenaissanceRe Holdings Ltd. (RNR) to “A-” from “A” and its long-term financial strength and issuer credit ratings on RNR’s core operating subsidiaries to “A+” from “AA-“. The outlook …

Generali Evaluates Offers for Its $49B German Life Insurance Portfolio: Sources

Athene Holding Ltd. and Viridium Group GmbH submitted binding bids for Assicurazioni Generali SpA’s 40 billion-euro ($49 billion) German life insurance portfolio, according to people with knowledge of the matter. Generali is working with Morgan Stanley to evaluate bids, the …

Exxon Mobil’s Airstrip in Papua New Guinea Heavily Damaged After Earthquake

Exxon Mobil Corp. built a runway to land some of the world’s biggest planes as part of its endeavor to tap gas riches in one of the most remote spots on Earth. But an earthquake Monday in Papua New Guinea …