Articles
Insurance
Arch Insurance, a part of Bermuda-based Arch Capital Group, has expanded its travel business unit with the appointment of Cory Sobczyk and Dan Povondra as vice presidents of business development, and Lynn Barty as regional sales director. 28 June 2017
Insurance
USI Insurance Services (USI) said on June 27 that it has entered into an agreement with Wells Fargo & Company to purchase Wells Fargo Insurance Services USA. 27 June 2017
News
With the National Flood Insurance Program (NFIP) due to sunset in September, now is the time to embrace and facilitate the development of a private flood market, say Nicole Austin and Dennis Burke of the Reinsurance Association of America. 27 June 2017
Insurance
The Hartford, a US-based property/casualty insurer, has entered into an agreement to transfer $1.6 billion, or 29 percent of its $5.6 billion in US qualified pension plan liabilities, to Prudential Financial. 27 June 2017
Insurance
California-based Community Association Underwriters of America (CAU), a managing general agency and division of Alliant Specialty Insurance Services, has formed a new partnership with Munich Reinsurance America through its specialty markets division. 27 June 2017
Insurance
Apple is working with Cisco Systems to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Reuters reported on June 26. 27 June 2017
Insurance
The Reinsurance Association of America (RAA) is lobbying for a lower corporate tax rate in the US while ensuring that any changes to proration of tax exempt interest or discounting of loss reserves appropriately reflect the business of insurance, according to a June 26 press release. 27 June 2017
Insurance
Property/casualty insurer Chubb has appointed Leigh Anne Sherman to lead its management liability business within the North America financial lines division. 27 June 2017
Insurance
Re/insurer XL Catlin has entered into an exclusive underwriting agreement with the McGowan Companies to provide workplace violence insurance to US businesses. 27 June 2017
Insurance
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Rohit Verma as global chief operating officer. He will report directly to Harsha Agadi, president and CEO of Crawford. 27 June 2017
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