News

Zurich Financial Services Group has named Thomas Huerlimann CEO of Global Corporate to take the place of Mario Vitale, who moved to Aspen Insurance Holdings.

RenaissanceRe completed the sale of its U.S. insurance businesses, while another Bermuda company, Aspen, is strengthening the leadership of its U.S. insurance operation.

Losses from the Feb. 22 New Zealand earthquake are expected to be in the $30 million to $40 million range for Swiss-based Allied World Assurance Company Holdings.

Employment trends in the insurance industry as noted by the I.I.I. is tops on our list, but we'll also get you a slideshow of the damage in Lousiana and update you on several other noteworthy news items.

When it comes to repairing versus replacing damaged materials, the most cost-effective solution may not be the one that is most often utilized.

Briarcliff Manor, N.Y.-based insurance broker USI Insurance Services said it has acquired The Amerisc Corp., Atlynx Surety Brokers LLC and its principal affiliates.