Industry News
Former Vt. Regulator Joins NCCI as Chief Regulatory Services Officer
Susan Donegan has been named as the new chief regulatory services officer for the NCCI. Donegan assumed the position on Sept. 19, and succeeds Helen Westervelt, who announced her retirement in ...
Chinese M&A Continues; Billionaire Investor Moves to Snag Genworth
China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth ...
Carrier Climate Change Risk Disclosure Has Improved: Ceres Analysis
Insurers in the United States are increasingly willing to disclose their risk management practices related to climate change, according to a new report suggesting that last year's global accord in ...
AAMGA, NAPSLO Exploring Merger
The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one ...
Former Chubb Exec Robusto Set to Succeed CNA’s Motamed Next Month
Former long-time Chubb executive Dino E. Robusto will assume the roles of chairman and chief executive officer on November 21, 2016 at CNA, succeeding Thomas F. Motamed, who is retiring after eight ...
Florida Hurricane Fund Still in Good Shape
Florida's streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating ...
Verisk Buys Analyze Re
Data firm Verisk Analytics Inc. said it has acquired Halifax, Novia Scotia-based Analyze Re, a software analytics provider for the reinsurance and insurance industries founded in 2013. Terms of the ...
Limited Matthew Impact Expected on 1/1 Re Rates: Baden Baden Report
Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price ...