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2 11, 2015

Buganski Named Chief Operating Officer for Willis Personal Lines

By | November 2nd, 2015|Recent Articles|Comments Off on Buganski Named Chief Operating Officer for Willis Personal Lines

Willis North America said it has named Despina Buganski as chief operating officer of Willis Personal Lines. In this role, Buganski will be responsible for the day-to-day operations and workflow processes of the Personal Lines Practice. She will report to …

29 10, 2015

Smith Brothers Acquires Bayberry Insurance in Connecticut

By | October 29th, 2015|Recent Articles|Comments Off on Smith Brothers Acquires Bayberry Insurance in Connecticut

Smith Brothers Insurance, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Bayberry Insurance in Groton, Connecticut. Terms of the transaction were not disclosed. Founded in 1989, Bayberry Insurance is an independent agency providing …

2 11, 2015

ACE Expands Political Risk & Credit Division to Japan; Takagi Named as Manager

By | November 2nd, 2015|Recent Articles|Comments Off on ACE Expands Political Risk & Credit Division to Japan; Takagi Named as Manager

ACE Group has expanded its political risk and credit division to Japan, as it continues to build its presence and capabilities in this risk area. Japan was the world’s fourth largest exporting country in 2014. With Japanese businesses relying heavily …

30 10, 2015

Validus Reports $22 Million Hike in 3rd Quarter Net Income to $66.7 Million

By | October 30th, 2015|Recent Articles|Comments Off on Validus Reports $22 Million Hike in 3rd Quarter Net Income to $66.7 Million

Validus Holdings Ltd. reported net income of $66.7 million, or $0.78 per diluted common share, for the third quarter ended Sept. 30, 2015, compared to $39.7 million, or $0.41 per diluted common share, for the same period last year. For …

2 11, 2015

Washington Redskins’ Garcon Sues FanDuel Over Use of His Name, Image

By | November 2nd, 2015|Recent Articles|Comments Off on Washington Redskins’ Garcon Sues FanDuel Over Use of His Name, Image

Fantasy-sports gaming site FanDuel Inc. was sued by Washington Redskins football player Pierre Garcon over the use of his name and image, which he claims was done without his permission. The site, where people bet on the outcome of individual …

30 10, 2015

New Mexico Jury Holds Utility Companies Partially Liable for Fire

By | October 30th, 2015|Recent Articles|Comments Off on New Mexico Jury Holds Utility Companies Partially Liable for Fire

A jury decided this week that two utility companies hold most of the liability in one of the largest wildfires in New Mexico’s recorded history. Jurors gave their verdict in Bernalillo following a weekslong trial that centered on whether Jemez …

30 10, 2015

AIG Has Been Mulling Sale of Mortgage Insurance Unit: WSJ

By | October 30th, 2015|Recent Articles|Comments Off on AIG Has Been Mulling Sale of Mortgage Insurance Unit: WSJ

American International Group Inc. directors have been discussing the sale of the company’s mortgage insurance business “for a while” but “no final decision has been made about the unit,” the Wall Street Journal is reporting, citing sources familiar with the …

2 11, 2015

Ace Names North American Claims Team with Chubb’s Miller, Ace’s Poetzsch as Executive VPs

By | November 2nd, 2015|Recent Articles|Comments Off on Ace Names North American Claims Team with Chubb’s Miller, Ace’s Poetzsch as Executive VPs

Ace Ltd. has named the future claims leadership team it intends to appoint for the company’s North America Insurance division upon completion of its acquisition of Chubb, which is expected in the first quarter of next year. Jeffrey J. Miller …

30 10, 2015

Rate of Workplace Injury, Illness Dropped in Texas in 2014

By | October 30th, 2015|Recent Articles|Comments Off on Rate of Workplace Injury, Illness Dropped in Texas in 2014

The Texas incidence rate of nonfatal injuries and illnesses in private industry decreased to 2.4 cases per 100 equivalent full-time workers in 2014, down from 2.6 in 2013, the Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced. The …

2 11, 2015

BHSI Launches D&O & Professional Indemnity Policies in Asia

By | November 2nd, 2015|Recent Articles|Comments Off on BHSI Launches D&O & Professional Indemnity Policies in Asia

Berkshire Hathaway Specialty Insurance Company (BHSI) introduced Executive First™ Directors & Officers (D&O) Liability and Professional First™ Professional Indemnity insurance policies in Asia. “With the launch of these two primary policies, we look forward to bringing BHSI’s exceptional local executive …