ACE USA, the U.S.-based retail operating division of The ACE Group, has reorganized its Global Property division to now include three property insurance units designed to serve the needs of domestic and multinational businesses. The commercial property, specialty catastrophe, and …
The UK’s RSA announced that it has re-organized its specialty businesses around the world into three key divisions, as it seeks to join up brokers and customers who are seeking global expertise and capacity. As of June first, all RSA …
Argo Group International Holdings, Ltd. will reorganize its U.S. professional lines businesses into a single platform under the Argo Pro brand. The reorganization consolidates three of Argo’s current business units: errors and omissions, U.S. management liability, and Insight Insurance Services. …
Luxembourg-based Flagstone Reinsurance Holdings announced that Gary Prestia has been appointed CEO of Flagstone Representatives (US) Inc. and chairman of Mosaic NY, effective September 1. He will be stepping down as chief underwriting officer for North America at Flagstone Réassurance …
Xchanging, the business process outsourcing company, which works extensively with Lloyd’s, has announced the reorganization of its UK insurance businesses. The bulletin explained that the “UK Insurance business will combine Xchanging Broking Services (XBS), Xchanging Ins-sure Services (XIS) and Xchanging …
The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers. They are far reaching, and will require changes in the way the UK’s insurance industry is regulated. As a result …
Willis Group Holdings has announced a series of leadership appointments in its reinsurance, wholesale and placement divisions. The management changes are “the next phase in the development of Willis Global, a new business unit launched last year that brings together …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Blue Ridge Insurance Company (BRIC) (Sun Prairie, WI), United Security Insurance Company (USIC) (Greenwood Village, CO) and Capital City …
