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Anastasia Kelly, American International Group vice chairman for legal, human resources, corporate affairs and corporate communications, resigned last week in the wake of a federally mandated pay cut.
Insurance broker Willis Group Holdings Ltd. said it has finished moving its corporate domicile from Bermuda to Ireland under the new name Willis Group Holdings Public Ltd. Co.
In two reports, insurance brokers said the reinsurance marketplace has made a remarkable recovery through 2009 and remained disciplined in its pricing through the Jan. 1 renewal season.
There is currently no immediate permanent replacement for Maryland Insurance Commissioner Ralph Tyler, who leaves his post Friday to become chief counsel to the federal Food and Drug Administration, an official said.
Reinsurance rates across most lines of property and catastrophe business declined for Jan. 1, 2010 renewals, according to a study released by reinsurance broker Guy Carpenter & Company, LLC.
As the use of social media and the realization of its possibilities expand, a major independent insurance agent's group released a report to give producers ideas on how to develop policies to manage the new business channel.
What will be the most important stories of the coming year for the property and casualty insurance industry? NU Editor Sam Friedman peers into his crystal ball at www.NUSamSoapBox.com.
Auto insurance customers are typically more satisfied with their claims experience than are homeowner policyholders--although personal lines carriers in general rank higher on service than do players in other industries.
Insurers didn't get any notable late-December bargains from disciplined reinsurance underwriters, but soft pricing continued for Jan. 1 renewals--and remains in place for the foreseeable future, reinsurance executives said.
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