News
Europe Terrorist Attacks in 2015 ‘Most Lethal’ in Nearly a Decade: Aon Risk Map
As terrorists increasingly target private citizens and public gatherings, last year marked the most lethal year for terrorist violence in Europe in nearly a decade, according to Aon Risk Solutions' ...
Automakers Urge Insurers to Remind U.S. Drivers of Recalls
Major carmakers want U.S. auto insurance companies to help persuade millions of American car owners to get recalled vehicles fixed. The new push comes as a U.S. House panel will hold a hearing ...
CSAA Insurance Group Names McCaffrey as CFO
California's CSAA Insurance Group, a AAA Insurer, announced the appointment of J. Paul McCaffrey Jr. as the company's new Chief Financial Officer, a 25-year veteran of the industry. McCaffrey comes ...
Former K&K Exec Launches Private Equity Fund to Acquire MGAs
A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the ...
Aquiline Capital Buying UK Online Small Business Insurance Brokerage
On Monday, New York-based private equity firm Aquiline Capital Partners LLC, said it entered into a definitive agreement to acquire Simply Business, an online brokerage service delivering tailored ...
Federal Court Rules Travelers CGL Policy Covers Data Breach
A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private ...
Montross to Depart Gen Re; New CEO Will Report to Possible Buffett Successor Jain
General Reinsurance Corp. Chairman and CEO Tad Montross plans to step down by the end of 2016, the Berkshire-Hathaway-owned reinsurer said on Tuesday. An eventual successor will report to Berkshire ...
Generali Deepens U.S. Commitment With Property Offering
The U.S. branch of Generali's Global Corporate & Commercial business unit has launched a property insurance product for U.S.-based multinational corporations. GC&C is a relative new kid on ...