Insurer CNA saw its fourth quarter 2017 combined ratio improve and its quarterly net income dip only slightly despite catastrophe losses. For the full year 2017, it achieved net income of nearly $900 million, which was higher than the year …
Distinguished Programs, a New York, N.Y.-based national insurance program manager, has expanded its Data & Actuarial Science department with the addition of Perry H. Beaumont as head of the department and Steven Hunke as the department’s actuary. In his new …
Delaware Governor John Carney has authorized the National Guard to assist residents of a southern Delaware town after the discovery of high levels of toxic chemicals in municipal wells. Authorities said that the Guard has provided two, 400-gallon portable water …
Ironshore Inc. has named David D. Russo as vice president and regional executive of the Mid-Atlantic region, based in Philadelphia, Penn. In his new role, Russo will be responsible for the management, oversight and operational execution of Ironshore’s business development …
The Equifax data breach exposed more of consumers’ personal information than the company first disclosed last year, according to documents given to lawmakers. The credit reporting company announced in September that the personal information of 145.5 million consumers had been …
PT Bank Danamon Indonesia, the nation’s fifth-largest lender by market value, is fielding interest from foreign suitors seeking a stake in its insurance subsidiary, people familiar with the matter said. Jakarta-based Danamon is working with an adviser as it weighs …
XL Catlin’s insurance operations announced that Tim Powell has been promoted to chief underwriting officer for international financial lines (IFL), effective March 1. Powell will be responsible for the underwriting performance of XL Catlin’s financial lines portfolio in all geographies …
It has almost become a refrain: just what is Masayoshi Son up to? After plowing money into companies as diverse as Uber Technologies Inc., office rental specialist WeWork Cos Inc. and fintech lender SoFi, the billionaire chief of SoftBank Group …
Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not disclosed. Established in 2012, Apsley Specialty is a London-based specialist directors & …
Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa Associates Ltd.* Lodestar’s operations will become part of …
