American International Group Inc. (AIG) has named Anthony Philip as president and CEO of American International Company Limited (AIG) in Bermuda. Philip, a native of Bermuda, will assume his new position effective immediately. He succeeds David Valzania, who was recently …
A federal judge handed a legal defeat to Standard & Poor’s, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court where it began. In …
Marita Zuraitis, a member of The Hanover Insurance Group’s executive leadership team and president of its property/casualty companies, is resigning to become president and chief executive officer of Horace Mann Educators Corp. in Springfield, Ill. She leaves after nine years …
U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were lower than in 2011. Analysts commenting on …
For the first time in history, American companies now have five generations of employees in the workforce: the silent generation (born 1925-45), baby boomers (1946-64), generation X (1964-80), generation Y (1980-90) and millennials (after 1990). Each generation has its own …
Bret Strickland has been named president and chief operating officer of Atlantic Casualty Insurance Co., replacing William G. Reynolds, who retired after more than 35 years in the insurance Industry. Strickland started with Atlantic Casualty in 1997 and for the …
Many believe there is still opportunity for independent insurance agents and their carriers to grab personal lines market share. But to do so they must find a way to compete against the giant direct response and captive carriers that are …
Independent agents should soon be getting some help with their personal lines sales— better late than never. The delayed Consumer Agent Portal — backed by the Independent Insurance Agents & Brokers of America Inc. (IIABA) and six investor insurance companies …
Independent agents and brokers want their customers to be able to “self-serve” on mobile devices, and sales and quotes are key capabilities for agent-facing applications on tablets, according to preliminary results of a new research study. More than 50 percent …
The Hanover Insurance Group has joined forces with OMS National Insurance Co., RRG (OMSNIC) to offer a program of property/casualty insurance products to OMSNIC’s insured oral and maxillofacial surgeons (OMS). The Hanover’s products will be distributed through OMSNIC and The …
