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RSA Posts Lower than Estimated Profit as Investments Decline

RSA Insurance Group Plc, the U.K.’s biggest non-life insurer by market value, posted a 14 percent increase in first-half profit, missing analysts’ estimates as investment income declined. Pretax profit rose to £250 million ($380 million) in the six months to …

UK’s Miller Appoints Quy as Producer for Cyber Cover

UK-based specialist insurance and reinsurance broker Miller Insurance Services LLP announced the appointment of Tom Quy, a specialist producer and broker of cyber risks. “We predict significant growth in demand for cyber business and I am delighted that we have …

QBE Sets Aside ‘Immediate Needs’ Payouts for Spain Train Crash Victims

Australian insurance group QBE said on Thursday it had set aside €2.75 million [$3.64 million) for the immediate needs of those affected by last week’s train crash in Galicia in northwest Spain, which left 79 people dead. QBE may have …

Oil Explosion in Quebec Train Crash ‘Abnormal’ Says Investigator

As investigators seek reasons for the deadly train crash in Lac-Megantic, Quebec, last month and the huge “abnormal” fire it caused, they are focusing on the nature of the fuel cargo as well as the brakes, tanker cars, and locomotive, …

$790K Grant Funds Evaluation of Sea Level Rise in Upper Texas Coast

The Harte Research Institute for Gulf of Mexico Studies (HRI) at Texas A&M University-Corpus Christi has received a $790,000 grant from the Houston Endowment for a ground-breaking project to map and evaluate the effects of sea level rise on the …

Oklahoma Insurance Commissioner Hosts Recovery Roundup in Moore

Central Oklahoma storm survivors still dealing with insurance issues are invited to a recovery assistance event hosted by the Oklahoma Insurance Department (OID). The Recovery Roundup will be held Aug. 17 at Southmoore High School from 9:00 a.m. to 12:00 …

Judge Dismisses Lawsuit Against Dodd-Frank by 11 States and Texas Bank

A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law’s financial regulation overhaul was dismissed by a federal judge. U.S. District Judge Ellen Segal Huvelle in Washington Thursday ruled that the states and the State National Bank …

August is the Most Dangerous Month for Texas Workers

August is the most dangerous month of the year when it comes to on-the–job injuries, according to an analysis of claims data in Texas from the past two years by Travelers Companies Inc. Texas employers filed more workers’ compensation claims …

XL Names McConico a Manager in California; Promotes Schlageter in West

XL Group named Mark McConico as vice president and underwriting manager for XL’s U.S. risk management group in Los Angeles. XL Group also promoted Theresa Schlageter to senior vice president and regional manager of the Western Zone for its U.S. …

Lockton Names Squire Senior Vice President, COO in Colorado

Lockton Denver named Brock Squire senior vice president and chief operating officer of its benefits practice. Brock is responsible for oversight of the operations of the benefits practice in Lockton’s Phoenix, Denver and Las Vegas offices. Brock previously served more …

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