22 01, 2020

North Carolina Captive Insurance Program Continued Growth in 2019

By | January 22nd, 2020|Uncategorized|Comments Off on North Carolina Captive Insurance Program Continued Growth in 2019

The North Carolina Department of Insurance Captive Insurance Program continued its steady growth in 2019, according to a statement from NCDOI. As of Dec. 31, 2019, NCDOI had licensed (including provisional) 318 captive insurers and approved (including conditional) 592 cells …

22 01, 2020

AGCS Appoints Haagen as Chief Underwriting Officer Specialty, Succeeding O’Neill

By | January 22nd, 2020|Uncategorized|Comments Off on AGCS Appoints Haagen as Chief Underwriting Officer Specialty, Succeeding O’Neill

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, appointed Henning Haagen as chief underwriting officer specialty and member of the board of management, subject to regulatory approval. Effective March 1, 2020, Haagen will succeed …

23 01, 2020

Wyoming Firm Settles Religious Discrimination Suit

By | January 23rd, 2020|Uncategorized|Comments Off on Wyoming Firm Settles Religious Discrimination Suit

A Wyoming company has settled a federal lawsuit by a former employee who claimed she was pressured to take Scientology courses as a condition of her employment. Julie A. Rohrbacher filed the lawsuit in 2018 against Teton Therapy, which operates …

23 01, 2020

Munich Re Weighs Whether to Set Long-Term Profit Target of $3.3 Billion: Source

By | January 23rd, 2020|Uncategorized|Comments Off on Munich Re Weighs Whether to Set Long-Term Profit Target of $3.3 Billion: Source

Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a year as the company seeks to match levels it regularly achieved until 2015. The reinsurer may announce such a plan …

23 01, 2020

Ratings Agencies Disagree Over Financial Strength of Florida Family Insurance Co.

By | January 23rd, 2020|Uncategorized|Comments Off on Ratings Agencies Disagree Over Financial Strength of Florida Family Insurance Co.

The credit ratings of homeowners insurer Florida Family Insurance Co. and its subsidiary, Florida Family Home Insurance Co., have been downgraded by AM Best due to a deterioration in underwriting results for the insurer. However, ratings agency Demotech says it …

22 01, 2020

Family Sues Hawaii School Over 5-Year-Old Boy’s Death While Kayaking

By | January 22nd, 2020|Uncategorized|Comments Off on Family Sues Hawaii School Over 5-Year-Old Boy’s Death While Kayaking

HONOLULU — The family of a 5-year-old boy who died on a kayaking excursion filed a lawsuit against the school that conducted the trip. The family of Alaric Chiu filed the lawsuit Thursday against Mid-Pacific Institute citing reckless behavior and …

22 01, 2020

Dean Promoted to Managing Director at Burns & Wilcox in Indianapolis

By | January 22nd, 2020|Uncategorized|Comments Off on Dean Promoted to Managing Director at Burns & Wilcox in Indianapolis

Wholesale insurance broker and underwriting manager, Burns & Wilcox, has promoted Andrew Dean to managing director from associate managing director in the company’s Indianapolis, Indiana, office. As managing director, Dean oversees and manages day-to-day operations of the Indianapolis team and …

23 01, 2020

J.C. Flowers Considers Sale of Its French Loan Insurance Broker CEP

By | January 23rd, 2020|Uncategorized|Comments Off on J.C. Flowers Considers Sale of Its French Loan Insurance Broker CEP

J.C. Flowers & Co, the U.S. investment and financial services-focused private equity firm, is reviving plans for a potential sale of its French loan insurance broker Financiere CEP, according to people familiar with the matter. The firm is considering various …

22 01, 2020

Arkansas’ Kerr Named Chair of NAIC’s Market Regulation, Consumer Affairs Committee

By | January 22nd, 2020|Uncategorized|Comments Off on Arkansas’ Kerr Named Chair of NAIC’s Market Regulation, Consumer Affairs Committee

Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC) for 2020. This is the second time Kerr will serve as chair of the …

22 01, 2020

Demotech: Louisiana’s Centauri National Insurance to Keep ‘A’ FSR

By | January 22nd, 2020|Uncategorized|Comments Off on Demotech: Louisiana’s Centauri National Insurance to Keep ‘A’ FSR

Demotech Inc. said the Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. is being sustained based upon its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insurance Co. Centauri National …