February 18, 2015
In a recent report Standard & Poor’s Ratings Services said it anticipated further mergers and acquisitions in the global reinsurance industry. The report – “Reinsurers’ Shopping Spree Won’t Slow Down Falling Rates” – cited the following facts to bolster its …
February 18, 2015
The recent unveiling by the European Central Bank (ECB) of its large-scale sovereign bond buying program is just one of the pressure points building in Europe that could affect insurers and reinsurers’ balance sheets, said A.M. Best in a new …
February 18, 2015
ING Groep NV, the biggest Dutch financial services company, is cutting its stake in NN Group NV by selling shares worth about 1.06 billion euros ($1.21 billion). ING is offering about 43 million shares in NN Group in a sale …
February 18, 2015
Insurance Australia Group Ltd. shares slumped the most in six years after the company’s first-half profit declined and missed expectations. The insurer fell 7.5 percent to A$5.91 as of 1:00 p.m. in Sydney, the biggest drop since February 2009. The …
February 18, 2015
Florida law enforcement officials say hit and run crashes are increasing at an alarming rate. That’s why they’re launching a new campaign to let drivers know that leaving the scene of an accident can result in tougher penalties. Florida had …
February 18, 2015
The Mississippi Supreme Court has reversed a lower court ruling that granted immunity to the city of Starkville over maintenance of its sewage system. Taghi “Ted” Boroujerdi filed the $500,000 lawsuit when he fell at his home after sewage backed …
February 17, 2015
CNA Financial Corp. has named Andrea Coleman vice president of the Orange County and San Diego branches in California. Coleman will be responsible for leading the branch teams to achieve their goals for continued growth and profitability through producer relationships. …
February 17, 2015
Pacific Specialty Insurance Co. has named David Biewer as chief financial officer and Jim Lee as chief information officer. Biewer spent the past 14 years at Esurance, the last nine years as chief actuary and vice president of actuarial. Lee …
February 17, 2015
Arthur J. Gallagher & Co. has acquired Cohn Financial Group LLC located in Phoenix, Ariz. Terms of the deal were not disclosed. Michael Cohn and his associates will continue to operate in their current location under the direction of Norbert …
February 17, 2015
San Diego, Calif.-based Atlas General Insurance Services LLC has named Charles Lasher senior vice president of commercial operations. Lasher will be responsible for development, implementation and distribution of small-to-medium sized niche managed programs for various commercial segments nationwide. Lasher has …