Bermuda-based White Mountains Insurance Group said it is reorganizing and rebranding its global reinsurance business. All reinsurance operating entities will be consolidated under Sirius International Insurance Corp. (Sirius International) and the reinsurance group will operate as the Sirius Group (formerly …
In terms of global underwriting volatility, the property insurance market remains substantially more volatile than other major lines. In Germany and Spain property is nearly twice as volatile as motor, the most stable line; in the U.S., property is nearly …
After spending nearly a week wondering whether his home had been destroyed in massive wildfires sweeping across Central Texas, George Gaydos got the news Sept. 10: His house had burned down in the blaze. But Gaydos — who has been …
HCC Insurance Holdings, Inc. has promoted Jackie S. Kellems to senior vice president enterprise risk management, reporting to the Houston-based company’s Chief Executive Officer John N. Molbeck, Jr. Kellems joined HCC in 1994. She has 30 years of experience in …
Joplin, Mo., residents have until Oct. 15 to demolish structures damaged by this spring’s devastating tornado, city officials announced. The deadline applies only to structures residents do not plan to reuse. The Joplin Globe reports that people without insurance to …
Storm Nate weakened to a tropical depression on Sunday as it moved farther inland across the coffee and sugar growing state of Veracruz, in the Gulf of Mexico. Nate, which could still dump one to two inches of rain over …
Tens of thousands of evacuated Pennsylvania residents were allowed to return home starting Saturday as rivers swollen by the remnants of Tropical Storm Lee receded across Pennsylvania after flooding that was the worst in some areas since Hurricane Agnes nearly …
Cornerstone Underwriting Partners, LLC (CUP), a nationwide underwriting management company and program administrator that works exclusively with wholesale brokers and specialty program agents, has partnered with national carriers to launch PEOComp Pro. The new program was developed specifically to meet …
Ironshore Inc.’s Specialty Casualty unit has introduced a program to provide excess coverage for NationsBuilders Insurance Services (NBIS), the industry leader in specialized heavy construction risks. The new Ironshore facility will provide integrated excess and umbrella coverage for the NBIS …
The Sept. 11, 2001, terrorist attacks forever changed how the insurance industry views terrorism risk, says Robert Hartwig, president of the Insurance Information Institute. For the global insurance and reinsurance industry the impact from 9/11 was substantial, amounting to insured …
