News

Bolton & Co. Names DeLaura, Jackson Assistant VPs

Bolton & Co. announced that Jeannie DeLaura and Michelle Jackson have joined the company as assistant vice presidents. DeLaura will be a property/casualty producer with a focus in the technology industry. Jackson will join the Education Practice Group as a …

Guy Carpenter Terrorism Report: Insurance Supply Outpaces Demand

Guy Carpenter, Marsh’s reinsurance brokerage and risk assessment division, has published “Terrorism: Reinsurers Standing By.” It concludes that “insurers and reinsurers have become increasingly sophisticated in their use of expert advice to monitor the political climate and dynamic nature of …

Oklahoma Agent Announces Run for Insurance Commissioner Post

Mark Croucher, an insurance agency owner in Jenks, Okla., has announced his candidacy for the office of state insurance commissioner. Croucher, who specializes in health, life and senior oriented insurance products, began his career in the insurance industry in 1997. …

Chartis Renames Small Business Division as Growth Enterprises

Chartis has renamed one of its divisions as Growth Enterprises, replacing the previous division name, Small Business. Growth Enterprises, established in 2001, delivers products and platforms to growing companies in a wide range of industries. Based in Berkeley Heights, New …

Insurers as Venture Capitalists? Maryland Pondering Tax Credit Plan

Maryland Gov. Martin O’Malley has a new proposal aimed at boosting the amount of venture capital for businesses like bioscience companies. The governor rolled out the proposal on Tuesday during a speech to academic, business and government officials in Rockville. …

Insurance Australia Group Strengthens UK Claim Reserves

Insurance Australia Group (IAG) has announced that “due to a significant deterioration in UK claim experience, in particular bodily injury claims, it had conducted a further independent actuarial review of its UK business. “As a result, in FY10 the Group …

Ironshore Canada Enters Financial, Professional Lines Market

Ironshore Canada has entered into the financial and professional lines market, naming Dane Hambrook, vice president, to head the division. Ironshore Canada’s Financial and Professional Lines division will provide liability coverages for directors & officers, errors & omissions, employment practices, …

AXA Extends Talks with National Australia Bank on AXA Asia Pacific Deal

AXA, AXA Asia Pacific Holdings Limited (AXA APH) and National Australia Bank Limited (NAB) announced that they have agreed to “extend until July 15, 2010 end of day the agreement relating to the proposed transaction whereby NAB will acquire 100 …

M.J. Hall & Co. Opens Fresno Office

M.J. Hall and Co. Inc. has opened an office in Fresno, California. This addition of the office will better serve pre-existing producers in Fresno as well as grow M.J. Hall’s production in the excess and surplus lines market in central …

Bermuda Monetary Authority Launches Pilot Internal Capital Model

The Bermuda Monetary Authority has begun conducting a pilot of its internal capital model (ICM) review process with selected Class 4 companies, the largest commercial (re)insurers in the Bermuda market. “The ICM framework will allow (re)insurers to use their own …

News Archives by Month