Paul Kangas has joined specialty insurer Assurant Inc. as vice president of federal policy and government relations, based in Washington, D.C. Kangas will be responsible for federal legislative and regulatory issues as they relate principally to Assurant Solutions and Assurant …
For the fourth consecutive year, A.M. Best Co. is maintaining a stable outlook for the global non-life reinsurance industry. The current outlook implies that the “majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest …
Peel & Holland Financial Group, based in Benton, Ky., has become the newest Kentucky partner within Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. Peel & Holland has offices in Benton, Mayfield, Paducah and Murray. This brings …
Munich Re has released a statement that “National Indemnity Company, Omaha, USA, informed us in accordance with Section 21, para. 1 of the German Securities Trading Act (WpHG) that its share of the voting rights in our company had exceeded …
The Obama administration on Tuesday threw its weight behind a bid to repeal an anti-trust exemption protecting health insurers, keeping the industry in its crosshairs as it prepares to host a bipartisan summit on revamping U.S. healthcare. “Today the president …
In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The Hanover Insurance Group that will keep Hanover’s 14,000 Louisiana’s …
Free-standing legislation introduced by Reps. Betsy Markey of Colorado and Thomas Perriello of Virginia to amend the McCarran-Ferguson Act for health insurers no longer includes text to remove the limited antitrust exemption for medical professional liability insurance, according to trade …
Bermuda-based Montpelier Re Holdings Ltd. reported greatly improved fourth quarter and full year financial results. The reinsurer’s fourth quarter net income was $104.7 million ($1.25 per share), compared to a loss of $47.7 million in Q4 2008. For 2009 net …
Bermuda-based PartnerRe Ltd. announced that Bruno Meyenhofer, Chairman of PartnerRe Global (the Company’s non-U.S. operations], has advised the Company of his decision to retire, effective March 31, 2010. He joined PartnerRe in 1998, through the Company’s acquisition of Winterthur Re …
The Bermuda-based Argo Group International Holdings, Ltd. (the successor company of the Argonaut Group) announced a record result for 2009 with net income rising by 87 percent to $117.5 million, or $3.81 per diluted share from $62.9 million or $2.05 …
