Max Bermuda, the operating company of the Max Capital Group, announced an expansion of its Dublin unit with the appointment of Michael W. Dicker as Senior Vice President – Agriculture at Max Re Europe Limited, Max Bermuda’s Dublin-based reinsurance subsidiary. …
It didn’t take Munich Re very long to make good on its intentions to expand in then U.S. P/C market (See IJ web site Oct. 9). The world’s second largest reinsurer announced today that it has “concluded an agreement with …
Houston-based Markel Global Marine & Energy Inc. has opened a department to handle ocean marine, its newest line of business, the company reported. R. Matt Sternenberg was appointed director of Marine Underwriting and will head MGME’s new Ocean Marine department. …
Bermuda-based Aspen Insurance Holdings Limited announced that it is entering the Global Excess Casualty insurance market with the establishment of a dedicated underwriting unit based in Dublin. “The unit will focus on construction and global risk managed programs,” said the …
After a flat year in 2005, U.S. surplus lines premium volume rebounded in 2006 and carriers again posted strong underwriting results. In 2006, surplus lines carriers generally stuck to their guns on pricing in lines where standard carriers lowered theirs …
James River Group, Inc. reports it has scheduled a Nov. 6 stockholders meeting to vote on the proposed sale of the company. Bermuda-based investment manager D. E. Shaw wants to acquire the North Carolina- based excess and surplus and workers’ …
Philadelphia Insurance Cos. (Nasdaq: PHLY – News) introduced a new product for day spas. Focusing on independently operated facilities, PHLY’s new Day Spa product offers general liability, commercial auto, and property coverage features such as pollutant clean up and removal, …
Federal Insurance Company (Labuan), a wholly owned subsidiary of the U.S. Chubb Corporation, has entered into an agreement to offer specialty liability insurance with Bao Minh, the second-largest insurance company in Vietnam. “The partnership, which reflects Bao Minh’s mission to …
Dallas-based U.S. Risk Insurance Group Inc. named Quinton Goss a broker and inland marine underwriter at U.S. Risk Brokers, the company’s wholesale excess and surplus lines insurance brokerage operations. He will be based in the company’s Dallas office. As a …
The 5th U.S. Circuit Court of Appeals in Jackson, Miss. will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to balance the state budget. The Mississippi Surplus Lines Association sued the state …
