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Mr. Nulton, who had served as chief operating officer for the commercial business, succeeds Gary Bhojwani, who was named chief executive officer of Allianz Life Insurance Company of North America, a s
The analysis released today by Moody's Investors Service also said that for investors in catastrophe-focused carriers and alternative risk-transfer vehicles, there is promise of good returns after low
"These figures are higher than predicted for the surplus line market and reverse the trend from the previous year," said Ted Pierce, executive director of SLA, adding that in 2005 the SLA experienced
"All involved parties must keep a focused eye on the potential for severe economic dislocation in the United States if meaningful solutions to catastrophic loss from either a natural or terrorist even
Insured losses from Kyrill are estimated between EUR4 billion and EUR8 billion ($5.2 billion and $10.4 billion). Insurance losses from the U.S. winter storms are currently estimated at more than $250 mill
"Despite increased competitive pressures, our solid 5 percent growth in net premiums written [for the year] continued to outpace industry growth estimates," said Gregory E. Murphy, chairman, president
The 6th U.S. Circuit Court of Appeals in Cincinnati affirmed the judgment of the U.S. District Court for the Western District of Michigan at Lansing that plaintiffs could not establish a private right
"The stronger than anticipated results were driven by $135 million in reserve releases from the company's commercial, specialty and runoff insurance segments, somewhat offset by a slightly higher than
J. Patrick Gallagher Jr., the firm's chairman, president and chief executive officer, said the numbers mean the company is ahead of those who will eventually deal with a new compensation model in the
The U.S. Chamber of Commerce sees the provisions as so irksome it is mounting a full court press against them, marshaling 19 associations representing business and industry into a group calling itself
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