Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, begun writing marine business in the U.S. for the first time, and is opening for business in Italy. Scott Johnson, formerly with Munich Re, has been appointed to …
During 2017, the private flood insurance market expanded considerably with 50 new carriers. In total, insurers reported direct private flood insurance premiums written of $630 million, an increase of $217 million over 2016. That’s according to Insurance Journal’s Top Private …
Self-driving cars promise safer roads, less traffic and increased mobility. Some autonomous vehicle proponents also maintain they will save time and money. But will they really save Americans time and money? And even if they do, are Americans ready to …
Fire danger across much of the country has prompted cancellation of July 4 fireworks displays. In northern Arizona, Prescott’s fire chief says he’s canceling the town’s Fourth of July fireworks show as much of the Southwest deals with extreme to …
Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal mines and power …
The Agents Council for Technology (ACT) has launched a new Customer Experience Planning Website designed to help agents improve the customer experience lifecycle through technology. The site explains the six phases of the consumer buying experience— discover, evaluate, purchase, experience, …
Chicago-based insurer Kemper Corp. has closed on its $1.6 billion acquisition of Birmingham-based nonstandard auto insurer Infinity Property and Casualty Corp. The stock portion of the cash and stock deal announced in February was based on Kemper’s closing stock price …
Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to a report published by Willis Re. For example, although most loss-free Florida property accounts were flat, some …
AXA Art has appointed industry veteran, Irina Buchmann as president and chief executive officer of its Americas operation. The Americas operations of the specialist insurer encompasses Brazil, Canada, Mexico and the United States. AXA Art insures more than $100 billion …
Navigators Insurance Co. has promoted Joe Savarese to president, U.S. Specialty Primary Casualty. He will be responsible for driving the strategy and development of the specialty primary casualty product portfolio across the U.S. wholesale market. Since joining Navigators in 2013, …
