Commercial Lines

Liberty Mutual Insurance says it promoted Oscar Huerta to president of Liberty Compaa de Seguros Generales S.A. in Chile, with oversight of all aspects of the insurer's operations in this emerging market.

Lloyd's estimates its net claims from last year's flooding in Thailand will be $2.2 billion, based on its estimate of $15 billion to $20 billion in losses for the insurance industry overall.

First Sealord, a bond and surety insurance company based in Villanova, Pa., has been placed in receivership.

First Sealord, a bond and surety insurance company based in Villanova, Pa., has been placed in receivership.

Moodys Investors Service says its Moodys Global Insurance CDS (credit default swap) Index shows that although investors view of global insurers for the most part improved during the 2011 fourth quarter, opinions are still more negative than indicated by Moodys ratings.

Hedge fund manager John Paulson Tuesday increased the pressure on Hartford Insurance Group to break itself up into separate property and casualty and life businesses by taking the case directly to Hartford shareholders.

Hedge fund manager John Paulson Tuesday increased the pressure on Hartford Insurance Group to break itself up into separate property and casualty and life businesses by taking the case directly to Hartford shareholders.

Forty-one signatures have been secured on a letter from senators to the Senate leadership urging prompt action on legislation reauthorizing the National Flood Insurance Program.