The tropical Pacific is sending a big dollop of rain into the U.S. Southwest. While it won’t help much in drought-ridden California, it’s another step in the right direction for Arizona and New Mexico. The annual monsoon can ease the …
IFG Companies has hired Geoffrey J. Smith as underwriting manager of its nationwide Commercial Underwriting Renewal Center in Hartford, Connecticut. While managing the efficiency and effectiveness of the Commercial Underwriting Renewal Center, Smith will also have a senior leadership role …
The North Carolina Labor Department has fined three companies in connection with the deaths of three workers killed when scaffolding fell at a high-rise construction project in downtown Raleigh, including one that was cited for violations described as willful and …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Germany’s Hannover Rueck SE (Hannover Re) and its main subsidiaries. Best also affirmed the issuer ratings of the existing …
Towers Watson & Co. Chief Executive John Haley sold shares in the human resources consultancy for a profit of about $9.7 million while the company was discussing a merger with Willis Group Holdings, the Wall Street Journal reported. The announcement …
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. “We’re always looking. My job is to continually look for …
Kevin Eggleston has joined HUB California as managing director responsible for the hospitality practice. Eggleston will be based in the HUB California Sacramento office. Eggleston began his career in management positions with luxury hotels in Boston, Charlotte, San Francisco and …
Catholic Mutual Group, a coverage provider for the Catholic Church in North America, and Church Mutual Insurance Company (CMIC), a nationwide insurer of religious organizations, have formed a strategic alliance under which CMIC will underwrite auto and workers’ compensation insurance …
Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress this week that bigger can mean better in their industry, but concerns are being raised in Washington about how these deals will affect consumers and …
Lockton Cos. has named Jeff Schermerhorn vice president in its cyber technology practice. Schermerhorn will be based in Lockton’s Los Angeles office. He will offer clients tailored programs to shelter them from the increasing threat of cyber attacks. Lockton is …