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08, 2015
Texas Seeks Comment on Rules for Changes to Windstorm Insurer
The Texas Department of Insurance is seeking public comment on drafts of rules for implementing legislation that alters funding mechanisms for the state’s property insurer of last resort for wind and hail along the Texas coast. TDI has posted on …
The article Texas Seeks Comment on Rules for Changes to Windstorm Insurer appeared first on Insurance Journal.
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08, 2015
Florida-Based Gulfstream P&C Names Block as CFO, Treasurer
Gulfstream Property and Casualty Insurance Co., a regional property carrier providing homeowners, condominium, renters, dwelling fire and flood coverage with operations in five states, has announced the appointment of David N. Block as chief financial officer and treasurer. Block is …
The article Florida-Based Gulfstream P&C Names Block as CFO, Treasurer appeared first on Insurance Journal.
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08, 2015
Hub International Acquires BW Insurance Agency
Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West. BWIA is a multi-line property and casualty, personal and employee benefits insurance brokerage. Terms of …
The article Hub International Acquires BW Insurance Agency appeared first on Insurance Journal.
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08, 2015
XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition
XL Group’s second quarter report showed a net decrease in operating income to $245.8, compared to $279.6 million in Q2 2014. For the first half of 2015 XL reported operating earnings of $440 million, down from $518 million in 2014. …
The article XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition appeared first on Insurance Journal.
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08, 2015
AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains
French insurer AXA SA said first-half profit rose 2.3 percent, helped by higher life-insurance earnings in the U.S. and France. Net income at France’s biggest insurer climbed to €3.08 billion ($3.37 billion) from €3.01 billion [$3.30 billion] a year earlier, …
The article AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains appeared first on Insurance Journal.
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08, 2015
Risk Innovations Acquires Columbia Commercial General Agency
Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia under the Risk Innovations name and management team. Risk …
The article Risk Innovations Acquires Columbia Commercial General Agency appeared first on Insurance Journal.
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08, 2015
TUMI Launches Dump Truck Insurance Program
Trinity Underwriting Managers, Inc. (TUMI), a Georgia-based program administrator, has established a relationship with an ‘A’ rated carrier as well as an ‘A++’ rated reinsurer to underwrite insurance for dump truck operators and other aggregate haulers. Coverages include auto liability, …
The article TUMI Launches Dump Truck Insurance Program appeared first on Insurance Journal.
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08, 2015
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New Zealand, and appointed Dimitry Zilberud, Head of Marine, and Mark Dixon, …
The article Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z. appeared first on Insurance Journal.
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08, 2015
Virginia’s Roanoke Valley Considers Insurer-Funded Collision Reporting Center
Police in four Roanoke Valley localities in Virginia have proposed adopting a Canadian method of reporting car crashes that reduces police involvement. The Roanoke Times reports that if the governments of Roanoke, Salem, Roanoke County and Vinton approve the one-year …
The article Virginia’s Roanoke Valley Considers Insurer-Funded Collision Reporting Center appeared first on Insurance Journal.
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08, 2015
Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk
Ken Curtis has been appointed as director of finance and risk for the London-based Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community. He formerly was group chief financial officer of Chaucer Holdings plc and managing director …
The article Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk appeared first on Insurance Journal.