Craig Sparks, president of Union Standard Insurance Group in Irving, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Sparks, whose term as AFACT president runs for two years, says the industry faces …
National Interstate Insurance Company, based in Richfield, Ohio, has expanded its Titan Group Captive Insurance Program to include general liability coverage. The company said it believes Titan to be the only group captive program on the market designed specifically for …
In just six weeks, more than $82 million has reached survivors of the Georgia floods to help them in their recovery, according to federal officials. “While much has been done to help thousands of people, there are still those who …
A.M. Best Co. has revised its rating outlook on Transatlantic Holdings, Inc. And its subsidiaries o stable from negative for. Best also affirmed Transatlantic’s financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Holdings, Inc. …
A Denver man allegedly defrauded people in a national Ponzi scheme involving more than $12 million that was supposed to go real estate investments, the Colorado securities commissioner said Tuesday. Investigators contend Jerrald Green, 48, used investors’ money to buy …
A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Hannover Re (Bermuda) Ltd. with stable outlooks on both ratings. Hannover Re Bermuda’s ICR has …
InStrategy Group, an insurance consultancy company based in Charlotte, N.C., has appointed Barbara Murphy as managing director. Murphy will lead the company’s Operations Practice. Murphy has more than 25 years of experience in the insurance industry. She has extensive experience …
Zurich North America announced that its Global Energy unit has appointed Iain Hawker as vice president – Exploration & Production and underwriting manager for London. He replaces Len Messenger, who will take on a new role focused on Asia Pacific …
Houston’s Dean & Draper Insurance Agency LP announced it has acquired Wilco Insurance Agency Inc. and Always Safe Insurance Agency Inc. as part of an ongoing growth strategy for the Texas-based insurance agency. Both Wilco and Always Safe possess solid …
American International Group Chief Executive Robert Benmosche said on Wednesday he remains “totally committed” to staying at the company, countering an earlier report that he was considering stepping down. In a letter to employees obtained by Reuters, Benmosche said he …
