Argonaut Group Inc., based in San Antonio, reported that Gregory M. Vezzosi has joined the organization as executive vice president and chief operating officer. Vezzosi will report to Mark E. Watson III, president and chief executive officer, who explained that …
A proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations could leave policyholders in jeopardy, according to critics trying to halt the deal that is before Delaware regulators. The proposed buyout was the subject …
New York Sens. Hillary Clinton and Charles Schumer, along with New York City Mayor Michael Bloomberg, have expressed concerns that the deal may leave Royal Indemnity unable to meet its obligations. A proposed management buyout and eventual dissolution of Royal …
Argonaut Group Inc., based in San Antonio, reported that Gregory M. Vezzosi has joined the organization as executive vice president and chief operating officer. Vezzosi will report to Mark E. Watson III, president and chief executive officer, who explained that …
Lloyd’s of London announced that Julian James, director-worldwide markets, will be leaving at the end of April to join Lockton International. He has been responsible for all Lloyd’s commercial activities outside the United Kingdom, including managing the company’s 72 trading …
Goldman Sachs, USI Holdings Insurance broker USI Holdings Corp. agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs and Co., in a transaction valued at approximately $1.4 billion, including repayment of USI’s existing debt …
Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …
Swiss Re’s preliminary estimates of its potential net losses from Windstorm Kyrill are around €140 million ($181 million) before tax. Its gross claims estimate is around €220 million ($284 million), but this is reduced “by various protections in place of …
Customer data stolen from TJX Cos. outside Boston by computer hackers has been used to make fraudulent debit card and credit card purchases in the United States and overseas, according to the Massachusetts Bankers Association. The fraudulent purchases have been …
Bermuda’s PartnerRe Ltd. announced that claims relating to its exposure to Windstorm Kyrill, which hit Europe last week, are expected to be between $50 and $65 million. “Windstorm Kyrill battered the U.K., France, the Netherlands, Germany and several other Northern …
