A barrage of damaging cyber attacks is shaking up the security industry, with some businesses and organizations no longer assuming they can keep hackers at bay, and instead turning to waging a guerrilla war from within their networks. U.S. insurer …
Kieran O’Mahony of Marsh Cayman has taken the Insurance Managers Association Cayman (IMAC)* reins from outgoing chairperson Rob Leadbetter at the 2015 Annual General Meeting, which was held 22 January 2015. Joining him as the new board are: Linda Haddleton …
A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of India’s General Insurance Corporation of India (GIC Re), both with stable outlooks. Best said the “ratings reflect GIC Re’s solid risk-adjusted …
Aon has reported fourth quarter total revenue of $3.3 billion, and $12 billion for the full year. Other highlights for the fourth quarter include the following: – Organic revenue growth of 6 percent – Operating margin increased 320 basis points …
PartnerRe Ltd. announced that Greg Haft has been appointed head of catastrophe, subject to Bermuda immigration approval. Based in Bermuda, Haft is responsible for PartnerRe’s worldwide catastrophe reinsurance business and reports to Emmanuel Clarke, CEO PartnerRe Global. Haft succeeds Brian …
House members are moving ahead with a ban on texting and social media use while driving, after killing a similar bill in the closing moments of the 2014 legislative session. The House voted 98-20 Friday to approve House Bill 389. …
Drivers convicted of driving under the influence in Kentucky would have it on their record for 10 years under a bill approved by the Senate Judiciary Committee. Currently, it takes four driving under the influence convictions within five years to …
Citizens Property Insurance Corp.’s Board of Governors has approved a contract to consolidate the company’s information technology and other functions at the EverBank Center in downtown Jacksonville, Fla. The move, which is scheduled to be completed by the end of …
Gov. Pat McCrory is taking heat after saying in his annual State of the State address last week that nearly half of workers’ compensation claims paid to state employees are the result of abuse or fraud. “We all want to …
The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported $89.9 million net income for the 2014 fourth quarter, a 28 percent rise from $70.1 million income during the 2013 fourth quarter. The net income also increased on a full-year basis. …
