Evan Greenberg just took dealmaking to the next level. The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It’s the biggest acquisition in the industry since the 2008 government …
The article Big ACE-Chubb Deal Could Trigger Merger ‘Fever’ Among Insurers appeared first on Insurance Journal.
DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance specialist, Data Connect Direct (DCD). This acquisition, which creates DUAL Polska, …
The article DUAL Enters Central, East European Market with Launch of DUAL Polska appeared first on Insurance Journal.
The Independent Insurance Agents of Texas (IIAT) named Sonya Edwards, commercial lines account manager and team leader of the personal lines department at Bryan Insurance Agency in Graham, as its the Customer Service Representative (CSR) of the Year. This award …
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Catalina Holdings (Bermuda) Ltd. announced that “following receipt of approvals from the Central Bank of Ireland and from the High Court of Ireland, it completed the portfolio transfer of UK and EU insurance liabilities in run-off from Quinn Insurance Limited …
The article Catalina Completes Portfolio Transfer of Quinn Insurance Legacy Liabilities appeared first on Insurance Journal.
Union Mutual of Vermont Companies promoted John Amick to assistant vice president of claims. He is based in Montpelier, Vermont. Amick joined Union Mutual in 1991 as claims adjuster. He has since worked for Union Mutual as regional general adjuster …
The article Union Mutual of Vermont Cos. Promotes Amick to Assistant VP of Claims appeared first on Insurance Journal.
UK-based Castel Underwriting Agencies, the club-style MGA formation platform, has appointed James Nugent as its first chief underwriting officer. He joins Castel from Amlin where he was head of underwriting performance and responsible for underwriting performance, governance and quality assurance. …
The article Castel Appoints Nugent Chief Underwriting Officer to Prepare new MGA Cells appeared first on Insurance Journal.
New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. “After years of exhaustive research and examination of the science and …
The article N.Y. Officially Bans Fracking, Ending 7-Year Environmental, Health Review appeared first on Insurance Journal.
The loss of at least 150 lives in the crash of an Indonesian cargo plane raises fresh questions about the military’s reliance on old aircraft and on spending that has prioritized the army over the air force. The 51-year-old Lockheed …
The article Indonesia Military Plane Crash Puts Focus on Aging Aircraft appeared first on Insurance Journal.
New Empire Group has expanded its property managers’ portfolio to include coverage for real estate agents & brokers, real estate consulting, construction management, asset management, property preservation, escrow agents, bookkeepers and more. New Empire Group’s professional liability program for property …
The article New Empire Group Expands Program for Property Managers appeared first on Insurance Journal.
New Dominion LLC can be sued by an Oklahoma woman injured when her fireplace fell on her during an earthquake that she blames on disposal wells tied to fracking. The June 30 ruling by the Oklahoma Supreme Court reversed a …
The article Oklahoma Supreme Court: Oil Firms Can Be Sued over Quakes appeared first on Insurance Journal.