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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.
The board of directors of Louisiana Citizens Property Insurance Corp. is scheduled to meet tomorrow to discuss a proposed settlement in a case involving payments to thousands of policyholders.
The insurance and other industries affected by floods are making a big push to get the Senate to act on legislation reauthorizing the National Flood Insurance Program.
Robert S. Steve Miller, the man who could have become American International Groups president and chief executive officer, is taking a leadership role elsewhere.
Mergers and acquisitions activity should be robust over the next 12 months as a recent survey shows many property and casualty chief financial officers will be looking to acquire a company or block of business, but targets might be hard to come by.
CSC announces that Mike Lawrie, 58, has been appointed president and chief executive officer, and will join the company no later than March 31. Lawrie succeeds Michael W. Laphen, 61, who previously announced his plan to retire as the companys chairman, president, and CEO.
CSC announces that Mike Lawrie, 58, has been appointed president and chief executive officer, and will join the company no later than March 31. Lawrie succeeds Michael W. Laphen, 61, who previously announced his plan to retire as the companys chairman, president, and CEO.
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