New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market that lasted for several years the last time it was tried. New York Insurance Superintendent James Wrynn said the exchange would …
The Bermuda-based Argo Group International Holdings announced that it expects its initial loss estimate from first quarter 2010 catastrophe events that have occurred to date will be $25 to $35 million, net of reinstatement premium and tax benefits. Argo said …
Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity. “Prior to ’92, there wasn’t much of a need for personal lines in the excess and surplus market, it …
Specialty lines insurer Argo Group US has appointed Louis Levinson to be president of the group’s E&S segment, overseeing the underwriting and business operations of Colony, Argonaut Specialty and Argo Pro. He will be based in Argo Group’s New York …
Specialist Lloyd’s insurer, Jubilee Managing Agency Limited, has been appointed to provide dedicated amateur motor sport personal accident coverage for amateur race and rally drivers who hold UK Motor Sport Association (MSA) competition licenses. Coverage will be available through “motorsport …
The wholesale insurance industry association, American Association of Managing General Agents (AAMGA), has created a Distinguished Chair in Risk Management and Insurance at the J. Mack Robinson College of Business at Georgia State University. The chair is being funded by …
The founder and retired chairman and CEO of the world’s largest insurance broker, Aon, has revealed the management team and a second subsidiary for his new global specialty insurance operation whose first company was unveiled in December. Pat Ryan announced …
Victor O. Schinnerer & Co., Inc. will decrease rates and expand coverage in the state of California for its real estate errors and omissions program. Beginning April 1, 2010, the following rating changes take effect: 20 percent rate decrease for …
Liberty International Underwriters (LIU), a division of Liberty Mutual Group, restructured its U.S. Specialty Casualty unit. The following organizational changes are effective immediately: Carl Pursiano has been named chief underwriting officer, U.S. specialty casualty and senior vice president. In this …
Key executives from over 50 companies, state agencies and industry groups met with New York Insurance Department officials yesterday to begin hashing out details for reviving the New York Insurance Exchange. The group, comprised of roughly 80 people, included executives …
