Frank Forde has joined RLA Insurance Intermediaries as underwriting officer heading the firm’s U.S. and International Financial Services practice in Boston, Mass. Forde has more than 20 years experience in underwriting directors and officers (D&O), professional liability, fidelity bond and …
Homeowners of America Insurance Co., based in Irving, Texas, has named Michael C. Rosentraub as chief financial officer. Rosentraub has over 20 years of experience in the insurance and financial services industries in the United States, Europe, and Asia. Prior …
The number of independent agents using real-time upload increased 16 percentage points from 2009 to 2011, says a new industry study. In IVANS’ 2009 Insurance Agents, Carriers & Technology Survey, only 36 percent of agents reported using real-time upload, but …
Patriot National Insurance Group hired Theodore Werckman as alternative market underwriting manager of the group’s PEO unit. In this position, Werckman will oversee Guarantee Insurance Co. and Patriot Underwriters’ PEO renewals and new business. He reports to John Harris, director …
Medical malpractice insurers rank high when it comes to best performers in the mid-sized commercial insurance arena. Medical liability insurers placed in eight of the top 20 slots, according to SNL Financial’s performance ranking analysis of the best performing insurance …
The nation’s bank holding companies (BHCs) experienced a decrease of 5.7 percent in their total insurance revenue from a record $15.08 billion in 2009 to $14.21 billion in 2010, when MetLife, a traditional life insurance company, is excluded. Total insurance …
The U.S. property/casualty (P/C) industry took a beating from record first quarter 2011 catastrophe losses, and recent earnings announcements from global reinsurers illustrate the damage those losses did to earnings and operating results. Insured losses from winter storms and severe …
Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by Insurance Journal shows. That consistency is the …
The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but could also fundamentally …
Insured loss estimates from the storms that hit the Southern and Southeastern United States in late April total between $3.7 billion and $5.5 billion, says catastrophe modeling firm AIR Worldwide. Insured losses account for damages to residential, commercial and industrial …
