In the wake of the first congressional testimony of Michael McRaith, director of the new Federal Insurance Office, officials of the National Association of Mutual Insurance Companies say he appears to have an understanding of the role the new agency is to fulfill.

In the wake of the first congressional testimony of Michael McRaith, director of the new Federal Insurance Office, officials of the National Association of Mutual Insurance Companies say he appears to have an understanding of the role the new agency is to fulfill.

The Hartford has appointed Robert Rupp as executive vice president and chief risk officer, reporting to Liam E. McGee, the companys chairman, president and chief executive officer.

The Hartford has appointed Robert Rupp as executive vice president and chief risk officer, reporting to Liam E. McGee, the companys chairman, president and chief executive officer.

Hurricane Irene is primarily to blame for $34.6 million in pretax catastrophe losses during the third quarter for HCC Insurance Holdings Inc., and the insurer also expects a pretax net increase to loss reserves of $27.5 million.

Argo Group says its total third-quarter catastrophe losses could amount to $40 million while Penn Millers says its losses could exceed $3 million.

Argo Group says its total third-quarter catastrophe losses could amount to $40 million while Penn Millers says its losses could exceed $3 million.

Two insurance outsourcing firms have formed a strategic alliance to help insurance firms select the best option for their outsourcing needs.