News

PartnerRe Ltd. said it is estimating 2011 first-quarter losses from catastrophe activity in Australia to be between $80 million and $110 million.

Daytona Beach, Fla.-based insurance broker Brown & Brown Inc. said it has named Elizabeth “Liz” White president of Peachtree Special Risk Brokers L.L.C.

The Boston office of Kinloch Consulting Group Inc., Kinloch Boston, was acquired by Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc.

PropertyCasualty360.com's Agent & Broker Channel Editor Laura M. Toops is twittering every day about breaking news and timely topics — not to mention keeping readers up to date on agent and broker-related news and analysis being posted on PropertyCasualty360.com.

American International Group Inc.’s $4.1 billion charge to bolster the reserves of its property and casualty unit, Chartis, means AIG will need to raise prices, said William R. Berkley, chief executive officer of W.R. Berkley Corp.

Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators Tuesday for a 28 percent premium increase on its homeowners’ policies.