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Kevin H. Kelley has left his post as chief executive officer of American International Group's Lexington Insurance Company and president of AIG Domestic Personal Lines to become CEO of Ironshore Inc.
Among items noted by the Property Casualty Insurers Association of America (PCI) was a 486 percent budget increase for commissioner travel--which jumped from $156,000 to $760,000. PCI said this repres
Moody's Investors Services is cautioning in a new report that even if insurers receive temporary government equity through the Treasury's Capital Purchase Program (CPP), it does not expect near-term u
Alan Kubitz, RIMS Chicago Chapter president and director of risk management at The HAVI Group LP, said, "RIMS Chicago Chapter Scholarship would not be possible without the support of our dedicated cha
Alan Kubitz, RIMS Chicago Chapter president and director of risk management at The HAVI Group LP, said, "RIMS Chicago Chapter Scholarship would not be possible without the support of our dedicated cha
MarketScout, in its monthly Market Barometer, reported the average rate reduction for the 14 lines it tracks was 9 percent. Workers' compensation, directors and officers liability, and surety were at
Bermuda-based Axis Capital Holdings Limited announced today it would acquire the business and operations of the Australian managing general agent Dexta Corporation Pty Ltd. Financial terms were not di
Bermuda-based Axis Capital Holdings Limited announced today it would acquire the business and operations of the Australian managing general agent Dexta Corporation Pty Ltd. Financial terms were not di
GRAPEVINE, TEXAS--A proposal by insurance regulators, that met stiff insurer opposition, to have carriers include data related to climate change impacts in their Annual Statements has been modified, tr
GRAPEVINE, TEXAS--The National Association of Insurance Commissioners has adopted a conflict of interest policy for consumer representatives whose expenses to attend its meetings are funded by the NAIC
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