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07, 2015
Report Says Police Actions Escalated Ferguson Unrest
Police antagonized crowds gathered to protest in Ferguson, violated free-speech rights and made it difficult to hold officers accountable, according to a U.S. Department of Justice report summary obtained by the St. Louis Post-Dispatch. The summary cited “vague and arbitrary” …
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07, 2015
Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals
Guy Carpenter & Company, LLC, has reported that “after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. “Price declines moderated to decreases averaging in the high …
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07, 2015
Big ACE-Chubb Deal Could Trigger Merger ‘Fever’ Among Insurers
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.
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07, 2015
DUAL Enters Central, East European Market with Launch of DUAL Polska
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.
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07, 2015
IIAT Names Edwards as CSR of the Year
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 …
The article IIAT Names Edwards as CSR of the Year appeared first on Insurance Journal.
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07, 2015
Catalina Completes Portfolio Transfer of Quinn Insurance Legacy Liabilities
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.
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07, 2015
Union Mutual of Vermont Cos. Promotes Amick to Assistant VP of Claims
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.
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07, 2015
Castel Appoints Nugent Chief Underwriting Officer to Prepare new MGA Cells
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. …
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07, 2015
N.Y. Officially Bans Fracking, Ending 7-Year Environmental, Health Review
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 …
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07, 2015
Indonesia Military Plane Crash Puts Focus on Aging Aircraft
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 …
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