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Buena Park, Calif.-based Freeway Insurance, a provider of non-standard auto insurance and a subsidiary of New York-based Confie Seguros, has announced Joseph Waked as its new chief executive officer, replacing John Klaeb, who was named chairman.

Buena Park, Calif.-based Freeway Insurance, a provider of non-standard auto insurance and a subsidiary of New York-based Confie Seguros, has announced Joseph Waked as its new chief executive officer, replacing John Klaeb, who was named chairman.

If you own an underwriting agency with a very specialized, quality book of business—and have no plans to sell it—then Stephen Way, CEO of Houston International Insurance Group, may want to talk about making a deal.

An agreement between Canada and Bermuda on the exchange of tax information will take effect July 1, according to Paula A. Cox, Bermuda premier and minister of finance.

Private equity firm Thomas H. Lee Partners, L.P. (THL) and French-owned Sword Group announced they have signed an agreement under which THL will acquire Sword Insurance, a provider of software and services to the property/casualty insurance industry, from Sword Group.

New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequences—including the possible loss of their salaries and other compensation—have sparked the creation a new insurance coverage.

Recent data suggest that the agency-acquisition market may be heating up.

American International Group Inc. could be on the hook for total claims of perhaps $800 million or more related to profits on real estate deals involving AIG’s Global Real Estate unit, according to a lawsuit that could come to trial in New York as early as this summer.