Connecticut News

Bank of America’s McGee Named New CEO by The Hartford

Hartford Financial Services Group Inc. named a former Bank of America Corp. executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer. Liam McGee, former head of …

Ex-AIG Financial Exec Cassano Returns to U.S. As Probe Continues

Joseph Cassano has come home to face the music. The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States. Under intensifying investigations by the FBI and other …

Connecticut Adds Second Test for Teen Drivers

Starting next month, all 16- and 17-year-olds in Connecticut who are seeking a driver’s license will need to pass an additional second written test, called the “DMV Final Exam,” under a recent law change by lawmakers. The legislature is requiring …

Employers Must Keep Company Picnics and Team-Building Activities Voluntary

When Fun ‘n Games at Work Take a Bad Turn Phyllis Young and her co-worker and friend, Sarah Bales, won the hula-hoop contest and the balloon toss, making them the favorites to also win the three-legged sack race. Young and …

Business Moves

Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …

People

New Jersey-based Selective Insurance Group Inc. appointed six new executives. Dennis L. Barger has been appointed senior vice president, underwriting officer for Mid-Market & Large Accounts. Barger joined Selective in July after serving as senior vice president and president of …

Kentucky Trial, Coach’s Acquittal in Player’s Death Lead to Safer Practices

Despite a former high school football coach’s acquittal in the death of a player who collapsed during practice on a hot day, one of the prosectuors said he hoped the case would prompt coaches to pay closer attention to their …

People

Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and marketing leader, and will be based …

Business Moves

Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …