Insurance agency Brown & Brown Inc. as promoted Anthony Strianese to the position of regional president. Strianese, who has served as one of the company’s regional executive vice presidents since 2007, is responsible for the company’s wholesale brokerage division, including …
Arthur J. Gallagher & Co. said it has acquired Riley & Associates Inc. in Mt. Pleasant, South Carolina. Terms of the transaction were not disclosed. Riley & Associates Inc. is a retail insurance broker with personal and commercial clients primarily …
Munich Re has launched a new product to complement its performance guarantee cover for photovoltaic manufacturers. The product covers the risk born by operators that solar module output may fall below the level guaranteed by a manufacturer that can no …
Insurance Commissioner Dave Jones marked his first full year in office this week by looking back on his and the California Department of Insurance’s accomplishments during 2011. “A little over a year ago, I took my oath as insurance commissioner …
Last year’s flooding in Thailand is shaping up to be one of the worst natural disasters in human history, with insured losses alone estimated at more than $15 billion. Following is a list of expected losses reported by insurance and …
A newly published study from insurance think tank the Geneva Association analyzes the principle concerns facing the industry in 2012. The current global financial instability tops the list. It’s closely followed by concerns over governmental management of natural catastrophe risk …
The capsizing of the Costa Concordia could not have come at a worse time for the cruise industry — right at the start of the peak booking season. Even if passengers aren’t scared away, the accident will cost hundreds of …
Specialist underwriting agency DUAL Ireland has expanded its Dublin-based team with the appointment of Martha Gorman as Development Underwriter for financial lines. She joins DUAL from Marsh where she was a commercial broker focusing on financial lines. DUAL said the …
According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend. Of the 439 attacks reported to …
Willis Group Holdings announced the appointment of John Cavanagh as CEO Willis Re, the reinsurance broking arm of the Willis Group, effective immediately. He succeeds Steve Hearn, who was appointed Chairman and CEO Willis Global last December. In his new …
