Generali has strengthened its international management team with two new managers joining the group to lead Asia and the Americas and a new appointment in Europe, effective April 1. Jack Howell is the new Asia regional officer responsible for Generali’s …
Families of those killed aboard the Germanwings flight are likely to receive vastly different payouts depending on their nationality, where they bought the ticket, and how much they earned, even though they all shared the same fate, lawyers said. Claims …
Zurich Canada announced that it has “launched a new insurance product that will help its customers across a range of industries take advantage of the risk mitigation and cost saving opportunities available through the use of Unmanned Aircraft Systems (UAS), …
ACE Group has created a new underwriting management role for the Eurasia and Africa region and promoted Shankar Krishnan, currently casualty underwriting manager for MENA, to the position. The appointment is the latest in a series of new management positions …
Willis Group Holdings announced the appointment of Paul Scope as Chairman of Willis Bermuda, encompassing all of the firm’s operations on the Island, effective immediately. He will oversee Willis’s whole range of Bermuda based operations “in a move designed to …
XL Group plc announced the creation of XL Innovate, an XL-sponsored venture capital initiative. The new fund will be led by Tom Hutton, a past director of XL who has a history of creating successful insurance and financial technology ventures, …
BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. raised $800 million for a reinsurance venture, at the low end of the announced range. ABR Reinsurance Capital Holdings Ltd. raised the funds through a private placement, the …
Freedom Specialty’s Programs underwriting has partnered with Intellectual Property Insurance Services Corp. (IPISC) to offer intellectual property insurance products. The policy offers broad coverage provisions for startups to established companies. The policy will offer coverage on a claims-made basis with …
The National Council on Compensation Insurance’s (NCCI) filing for the overall average workers’ compensation loss cost level change of +2.6 percent in Maine took effect on a new and renewal basis as of April 1. Based upon its review of …
A local GOP fundraiser in Pennsylvania charged in a $20 million insurance scheme after three mansion fires in five years cursed and discussed the Mafia while meeting with a jewelry appraiser about her claims, the appraiser testified Tuesday. Claire Risoldi’s …
