Industry News
Packer Now Torus CEO as O’Donohoe Steps Down
With the acquisition of Torus Insurance Holdings Limited having been completed on April 1, acquirers Enstar Group Limited and Stone Point Capital LLC joined Torus in announcing senior management ...
Has Online Shopping for Auto Insurance Peaked?
Shopping over the internet for auto insurance is down for the second year in a row, says a survey by a company that tracks the behavior of consumers with credit history. The latest TransUnion Auto ...
Zurich Insurance’s New CFO Makes His Formal Debut, Touting Solid Q1 Results
New Zurich Insurance Group CFO George Quinn is only in his first full month on the job, but he confidently touted a solid 2014 first quarter performance in a pre-filmed video for analysts and the ...
Africa Experiments With Sovereign Risk Pool Insurance Scheme
In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African ...
Tower Group Rejects Offer From Eastern European Insurer
Tower Group International's board of directors unanimously rejected a surprise acquisition bid submitted earlier this week from an Eastern European Insurer, choosing instead to focus on an ongoing ...
Bluegrass State Makes 50 for Lloyd’s Surplus Lines Eligibility
Lloyd's will have surplus lines eligibility in all 50 US states when legislation passed in Kentucky comes into effect in July, Lloyd's announced Wednesday. Lloyd's is also an admitted insurer in ...
Bennett Moves From QBE to Hardy to Head Up Casualty Underwriting
Hardy Underwriting announced Wednesday that Craig Bennett has agreed to join the group to head up casualty underwriting and plans to start in late October/early November. In this new role, Craig will ...
Dogs Biting U.S. Insurers; Record Claims in 2013
Dog-bite claims for U.S. insurers climbed 5.5 percent last year to 17,359, breaking the record from 2003. New York had the costliest attacks among states with the most incidents. The assaults cost ...