Industry News
Brit PLC Grabs QBE’s Aviation Business After Solid Quarter
Brit PLC, a global specialty insurer and reinsurer focused on property, casualty and energy, will snatch up QBE Underwriting Ltd.'s renewal rights to its London-based Lloyd's Aviation Business. ...
Oxbridge Re Gets Off To a Promising Start
Oxbridge Re Holdings, a fledgling reinsurer for property/casualty insurers in the U.S. Gulf Coast region, reported its first financial results as a public company. The numbers reflect both potential ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Tower Group Fields Unsolicited Offer From Eastern European Insurer
An Eastern European insurer based in countries including Romania, Bulgaria and Macedonia submitted a surprise bid to snatch up Tower Group International, an unexpected wrinkle in Tower's increasingly ...
Motorists Mutual to Acquire Southeast, Midwest Insurer
Ohio-based Motorists Mutual Insurance Co. has agreed to buy the stock of Consumers Insurance USA, which is based in Murfreesboro, Tenn. Consumers Insurance will become a wholly owned subsidiary of ...
WSJ: Two AIG Execs In the Lead To Become CEO
AIG's heads of property casualty and life-insurance/retirement appear to be the two leading candidates to become the conglomerate's next CEO. As The Wall Street Journal reported, current CEO Robert ...
XL Group Hopes Online Video Reduces Workplace Injuries
XL Group said it is unveiling a new tool for its North American construction clients designed to help improve safety in the workplace. Dubbed Risk Resource, the online video series gives a variety of ...
Warning: Fuel Production Process Heightens Okla. Earthquake Risks
Central Oklahoma is at serious risk of a damaging earthquake, the U.S. Geological Survey and the Oklahoma Geological Survey said, pointing to the injection of wastewater into deep geologic formations ...
Aspen U.S. Appoints Chief Casualty Officer
Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Ltd., has appointed Roxanne Mitchell as executive vice president and chief casualty officer. She will report to Bob ...