Industry News
House Republicans Call for Opening Black Box on Systemic Risk Designations
A group of Republican lawmakers demanded documents on Friday from U.S. regulators, voicing concerns that decisions about whether to designate large financial companies as systemically risky are ...
Good News for Workers Comp Industry: NCCI
The fact that the workers compensation combined ratio was 101 in 2013, a seven-point decrease from 2012 and a 14-point decline since 2011, is a sign that the workers comp market is returning to a ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
Hudson Insurance’s Environmental Practice Moves to Crum & Forster
Hudson Insurance Group and sister company Crum & Forster have announced a strategic combination of their environmental liability businesses. Effective May 19, Hudson's environmental staff and ...
Integro Forms Executive Committee Following CEO Garvey’s Exit
New York-based brokerage Integro Ltd. has appointed John Clements as chairman of the board of directors and Rocco J. Nittoli as vice chairman of the board. Integro is also forming a five-member ...
Key Leadership Additions Announced at CoverXSpecialty
CoverXSpecialty, a member of the Crum & Forster Enterprise specializing in coverage for business with unique risks, has announced three key appointments to its leadership team. • Sam Anderson ...
A.M. Best Slashes Tower’s Financial Strength Ratings
Bad news for Tower Group International and its subsidiaries: A.M. Best has downgraded the insurer's financial strength ratings, as the carrier works through the steps of a planned merger with ACP Re. ...
Tower, ACP Re Amend Merger Deal
On Thursday, Tower Group International, Ltd. ("Tower") and ACP Re, Ltd. ("ACP Re") announced that they have amended their Jan. 3, 2014 merger agreement, reducing the per-share consideration and ...
International Fidelity Insurance Faces A.M. Best Review After Self-Reporting Statement Revisions
A.M. Best has placed the "A-minus" financial strength rating of Newark, N.J.-based surety writer International Fidelity Insurance Company (IFIC) under review with negative implications, following ...