Massachusetts News

After 20-Year Hiatus, Peerless Sells First Massachusetts Auto Policy

Keene, N.H.-based Peerless Insurance said it has issued its first Massachusetts personal auto insurance policy in more than 20 years. The company, part of Liberty Mutual Group, first announced in November it would re-enter the Massachusetts personal auto insurance market …

McCain, GOP Governors Split Over Disaster Fund

A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a handful of GOP governors — including two state chief executives frequently mentioned as …

ACE Chooses Shaw as Chief Underwriter-Global Markets, Tempest Re Chairman

ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report directly to Richard Pryce, President …

The Hartford, Whalen Insurance Offer Brew Pub Program

With a history dating back to the Colonial Era, America’s craft brewers and brewpubs have earned an iconic position as one of the nation’s quintessential – and earliest – categories of independent business. Now, through a new partnership The Hartford …

People

Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE Regional Insurance as chief operating officer. He succeeds …

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. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …

Ratings: Commerce, Aspen, Med Mutual, Kodiak, Hermitage, ProAssurance, US Liability, Provident, Hereford, Polish Roman

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Commerce Group, its lead company, The Commerce Insurance Company, and four inter-company pool members. Best also affirmed the ICR …

Declarations “I’m bitterly disappointed in the lack of a result.” — Connecticut Prosecutor John Malone commenting on the mistrial against David Wilcox. Wilcox, a 72-year-old trucking company owner, stands accused of insurance fraud for trying to reinstate insurance on a …

Business Moves

Mapfre, Commerce Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share of Commerce’s publicly traded stock, with a total merger …

Oregon Jury Awards More than $14.5 Million in Patent Dispute

A federal jury ordered a medical equipment manufacturer to pay more than $14.5 million in a patent infringement dispute that involves a device invented by a Portland, Ore. physician. Dr. John O. Hayhurst and Smith & Nephew hold a patent …