Armour Re Selects Barker to Serve as U.S. Subsidiary President
Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Katherine Barker as President of its US subsidiary, Armour Risk Management Inc. and group vice president. Armour Risk is the group’s global insurance servicing arm. Barker has more than thirty …
AXIS Posts Q4, Full Year Net Income Gains; Conference Call Details
Bermuda-based AXIS Capital Holdings Limited reported net income for the fourth quarter of 2009 of $282 million, or $1.87 per diluted common share, compared with net income of $131 million, or $0.88 per diluted common share in Q4 2008. Net …
Torus Insurance Opens in San Francisco
Torus, a global specialty insurer, has opened a West Coast office located in San Francisco. The office will initially focus on property and casualty lines, coinciding with the appointments of sector specialists Kim Kihara as vice president of General Property …
People
Mark Allen and Christy Davies-Downing have joined the Wichita, Kan., office of insurance broker IMA Inc. as sales executives. Allen has extensive sales experience as an entrepreneur and in other industries, including technology. He holds a bachelor’s degree in business …
Liberty Mutual Sues 9 Employees, Aspen for Alleged Plot to Steal Business
Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its Liberty International Underwriters unit. The suit, filed Feb. 1 in …
Catlin Appoints Zingg Group Chief Investment Officer
The Bermuda-based Catlin Group Limited announced the appointment of Martin Zingg as chief investment officer of the Catlin Group, effective March 1. He will be based in Catlin’s office in Zurich, Switzerland. Zingg will assume responsibility for investment strategy and …
Willis Posts Q4, Full Year Gains
Willis Group Holdings has reported gains in most segments of its business in the fourth quarter and for the year ended December 31, 2009. Willis listed the following Q4 highlights: — Reported earnings per diluted share from continuing operations of …
Best Comments on Tower Group; OneBeacon Personal Lines Buy Impact
A.M. Best Co. has commented that the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the New York-based Tower Group Companies, its pooled members and Bermuda-based CastlePoint Reinsurance Company Limited are unchanged. Best …
OneBeacon Selling Personal Lines Business to Tower Group
Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement calls for New …
