News
Executives on the Move at Markel, PartnerRe, USAA
Markel Corporation said that Jed Rhoads, president and chief underwriting officer of Markel's Global Reinsurance Division, is retiring at the end of 2022. Rhoads has been in the industry for more ...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Westfield said it has expanded into the international specialty insurance market by buying Lloyd's Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is ...
AXIS Capital Launches Wholesale Division
AXIS Capital Holdings Ltd. announced that it has launched AXIS Wholesale, a new division dedicated specifically to servicing the wholesale market. The division is being led by Carlton Maner, who has ...
U.S. Surplus Lines Direct Premiums Written Reached Record High in 2021
Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report. In the first six ...
Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand
Liberty Mutual said it has repositioned its distribution strategy for specialty and excess & surplus products, making Ironshore a wholesale-exclusive brand. Going forward, all U.S. commercial, ...
Juul Reaches $439 Million Settlement Over Marketing to Children
Juul Labs Inc. reached an agreement in principle to pay $438.5 million to 33 states to resolve a two-year bipartisan probe into the e-cigarette manufacturer's marketing and sales practices, ...
Executive Moves: SiriusPoint Names Former RSA Executive Egan as CEO; AXIS Appoints Group CUO
SiriusPoint Ltd., the Bermuda-based specialty re/insurer, announced that Scott Egan has been appointed as the company's chief executive officer, effective Sept. 21, 2022. Egan brings over 25 years of ...
The Hartford President Elliot to Retire
The Hartford announced that Doug Elliot will retire as the company's president effective Dec. 31, following more than 11 years with the company. Elliot joined The Hartford in 2011 as president of ...