Articles
Insurance
A planned corporate tax reduction and a tax on imports in the US would benefit local entities but impact companies based outside the country such as in Bermuda, leading to changes in companies’ operating structures, according to AM Best. 20 February 2017
Insurance
Aon Risk Solutions, the global risk management business of Aon, has appointed Jason Toland as producer and account executive in the Sacramento office, and promoted Don Ortegel as resident managing director in Chicago. 20 February 2017
Insurance
American International Group’s US casualty business has performed significantly worse than expected by the firm in recent years, resulting in a $3 billion loss in the fourth quarter of 2016 as the company reacted by striking a reinsurance deal and significantly increasing claims loss reserves. 17 February 2017
Insurance
US-based CNA, a commercial insurance provider, has appointed Douglas Worman to fill the newly-created position of executive vice president and chief underwriting officer, effective from March 7. 17 February 2017
Insurance
Canada-based Fairfax Financial Holdings has announced that it made a net loss of $512.5 million for 2016, down substantially from the $567.7 million net profit it made the year before. 17 February 2017
Insurance
The US subsidiary of broker Jardine Lloyd Thompson Group (JLT) has appointed Jim White as senior vice president. 16 February 2017
Insurance
Specialty re/insurance provider Lancashire Holdings has called 2016 a difficult year, with net operating profits falling 17 percent compared to 2015. 16 February 2017
Insurance
Argo Pro, a subsidiary of specialty re/insurer Argo Group, has partnered with BlueChip Underwriting Services to provide transactional risk insurance to facilitate mergers and acquisitions. 16 February 2017
Insurance
CNA, the commercial insurance provide, has appointed Scott Weber to fill a newly-created senior vice president (VP) role within its worldwide property and casualty (P&C) claim unit. 16 February 2017
Insurance
Sapiens International, a global provider of software solutions for the insurance industry, has acquired StoneRiver for an all-cash deal of $102 million to expand its footprint in the US property/casualty (P&C) market. 16 February 2017
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