Louisiana Gov. Bobby Jindal has agreed to ban insurance companies from dropping coverage of homeowners who have found corrosive Chinese drywall in their homes. Jindal’s office announced that the governor has signed the bill by Metairie Sen. Julie Quinn into …
New York insurance agency Haylor, Freyer & Coon Inc has appointed James Freyer Jr. as executive vice president. Freyer joined the agency in 1984, heading up the Manufactured Housing division as well as MHD Empire Services Corp., a licensed mortgage …
R.E.Chaix & Associates Insurance Brokers Inc. of Irvine, Calif., has acquired Whitcomb Insurance Services. Located in Redondo Beach, Calif., the staff of Whitcomb Insurance Services is relocating to R.E. Chaix’s Irvine headquarters. Former Whitcomb clients should experience a seamless transition. …
A.M. Best Co. has commented that the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the Chicago-based First Mercury Group and its members and the ICR of “bbb-” of the parent holding company, First …
Munich Re has provided the Massachusetts Property Insurance Underwriting Association (MPIUA) with a $ 96 million catastrophe bond issuance that “transfers hurricane risk in Massachusetts to the capital markets,” said the reinsurer’s announcement. “Munich Re acted as joint lead manager …
Asked why he robbed banks, Willie Sutton famously replied: “Because that’s where the money is.” Something similar can be said to explain why companies are paying more attention to social media these days — because that’s where the consumers are. …
In a joint announcement from London and Atlanta, Swett & Crawford and Cooper Gay, the London-based independent wholesale, reinsurance and specialist retail insurance broker, announced that they have completed the combination of the two firms [See IJ web site – …
PartnerRe Ltd. Has announced three executive management changes. Emmanuel Clarke will become CEO, PartnerRe Global effective September 1, 2010. Bill Babcock will become Executive Vice President, CFO, PartnerRe Ltd. effective October 1, 2010. Marvin Pestcoe has been appointed CEO, PartnerRe …
Goldman Sachs Group Inc. was sued by Liberty Mutual Insurance Co. for fraudulently misleading it into buying preferred stock of mortgage financier Fannie Mae that would become “virtually worthless.” In a lawsuit filed last Thursday in Boston federal court, Liberty …
Following the establishment of Management Liability, Healthcare and Renewable Energy practices earlier this year, Torus appointed sector specialist Adrianne Vigueras as vice president to develop tailored environmental products for small and midsized businesses in the US. Based in Torus’ Jersey …
