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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …