Industry News
Gressier to Step Down from AXIS COO Spot
AXIS Capital Holdings Ltd. said Jack Gressier stepped down just months after the Bermuda-based insurer and reinsurer named him chief operating officer. Gressier, 46, won't be replaced, and his ...
Validus Buying Western World for Nearly $700M
Validus Holdings announced Monday that it signed a definitive agreement to acquire Western World Insurance Group for nearly $700 million, in a deal that leaves the management team and brand of the ...
Verisk to Commercial Property Insurers: We’ll Make the Follow-Up Calls for You
Verisk Insurance Solutions - Commercial Property announced last week that has introduced a service called PhoneAssist in response to industry requests for help with follow-up calls to insureds on ...
Fear of Being Fired Among Predictors of Workers Comp Outcomes: WCRI
Workers compensation researchers have identified anxiety over being fired and other new predictors of worker outcomes that they say can help public officials, payers and health care providers improve ...
Marsh Rumored to be Targeting Alexander Forbes of South Africa
Marsh Ltd., the insurance unit of New York-based Marsh & McLennan Cos, has expressed interest in bidding for closely held Alexander Forbes Ltd. of South Africa, according to three people familiar ...
Allstate Estimates More Than $700M in Cat Losses for 2Q So Far
The Allstate Corporation announced $440 million of estimated pre-tax catastrophe losses for the month of May 2014 last week (or $286 million after taxes). The Northbrook, Ill.-based company said 11 ...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in ...
Marsh Enhances Claims Process With Launch of Pre-Approved Panel Counsel
In an effort to make the directors and officers liability claims process more efficient and collaborative, Marsh has announced the launch of a new Marsh D&O Panel, which will give clients facing ...