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The 2011 Claims Professional of the Year, Bob Khosropur, has joined Mariposa Insurance Services as senior vice president of operations, where he will be responsible for sales, marketing, mergers and acquisitions, accounting, and logistics.

Catastrophe losses from the 2011 fourth quarter and prior quarters significantly weighed on earnings for three Bermuda specialty insurance and reinsurance companies.

Moody's Investors Service has downgraded PartnerRes insurance financial strength rating to A1 from Aa3 due in part to the catastrophe losses the company suffered relative to most of its peers.

"Weblining" -- denying people opportunities based on their digital selves -- could resurrect the specter of redlining in the insurance industry.

The Federal Reserve Bank of New York today ended one chapter from the American International Group bailout, selling a group of mortgage-backed securities that closed out its Maiden Lane II facility.

Sen. Johnny Isakson, R-Ga., says efforts are underway to attach legislation exempting insurance agents from the medical loss ratio provision of the healthcare reform law to another bill working its way through the Senate.

Total insurance-industry employment grew by over 5,000 jobs in December 2011 compared to November, but Insurance Information Institute President Robert Hartwig notes that the big news is not the month-to-month changes, but rather the recalibrating of current and recent industry employment.

Flagstone Reinsurance Holdings says it expects an impact of between $50 million and $55 million on 2011 fourth-quarter results due to adverse development from catastrophe losses during the first half of 2011.