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28
09, 2015
Best Affirms ‘A+’ Ratings of Hannover Re and Subs; Outlook Stable
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 …
24
09, 2015
WSJ: Towers Watson CEO Haley Sold Shares During Willis Merger Talks
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 …
25
09, 2015
Duperreault’s Hamilton Seeking Takeovers as IPO Likely
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 …
24
09, 2015
HUB Names Eggleston Managing Director in California
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 …
28
09, 2015
Catholic Mutual, Church Mutual to Offer Workers’ Comp Coverage
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 …
24
09, 2015
Health Insurer CEOs Defend Big Mergers Before Senate
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 …
25
09, 2015
No Coverage for Tony Stewart in Ward Race Car Death: Axis Insurance
Axis Insurance says the lawsuit brought against racing star Tony Stewart, whose car struck and killed another racer during a New York event in 2014, is not covered by the insurance policies it issued for Stewart. Axis maintains that its …
24
09, 2015
Schermerhorn Named Vice President of Lockton in California
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 …
28
09, 2015
Florida Workers’ Comp Fraud Sting Leads to 9 Arrests
The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced nine arrests following a multi-agency workers’ compensation sting in Manatee County, Florida. These nine individuals were found to have advertised their ability to perform jobs such as plumbing, …
24
09, 2015
Mass. Developer Charged With Masterminding Arson for Insurance Money
A millionaire developer and restaurant owner in Massachusetts has been charged with masterminding the arson of an under-construction home so he could collect the insurance money. Alan Kaplan, of Brookline, Massachusetts, was granted $10,000 bail and ordered to surrender his …