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Insurance
The California Department of Insurance issued a formal notice to insurers directing them to cease any and all moratoriums on auto insurance and reminding them that California law prohibits this practice. 13 December 2017
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance, has appointed Kellie Reese as an underwriter in its recently launched excess and surplus (E&S) property operation. 13 December 2017
Insurance
The Hartford, a US-based property/casualty insurer, has appointed Stephanie Bush to lead personal lines, replacing Ray Sprague, who is retiring after a 30-year career with the company. 12 December 2017
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
Swiss Re chief financial officer David Cole is set to step down on March 31, 2018, and will be succeeded by John Dacey, currently group chief strategy officer. 8 December 2017
Insurance
The US Federal Emergency Management Agency (FEMA) is submitting a claim to recover the full $1.042 billion in reinsurance coverage under its 2017 Reinsurance Program. 6 December 2017
Insurance
Munich Re subsidiary ERGO Group has made several organisational changes and launched a new insurance unit as part of its strategic initiative aimed at expanding international business with corporate customers. 27 November 2017
Insurance
The overall profitability for AM Best's composite of global reinsurers could drop to a six-year low, and the ratings agency estimates a 2017 combined ratio of 110 percent for the sector, with return on equity (RoE) ranging from 0 percent to -5 percent. 16 November 2017
Insurance
Barbican Insurance Group has established a new US specialty managing general agency (MGA) led by Colin Mayo, the former executive vice president and chief underwriting officer at Ariel Specialty. 16 November 2017
Insurance
Dutch trade credit insurer Atradius has established new offices in Bulgaria and Romania to further expand its international presence. 16 November 2017
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