News

It's been a bit of an annus horribilis for The Hartford Insurance Group--between declining investment income, speculation about a selloff of its p&c unit, and the announcement of the retirement this December of longtime president and CEO Ramani Ayer.

The Travelers Companies, Inc., has named Anne MacDonald as its chief marketing officer.

Brown & Brown, Inc. announced that it will pay a quarterly cash dividend of 7.5-cents per share on outstanding common stock on Aug. 19 to shareholders of record as of Aug. 12.

Clements International said it has named J. Christopher Beck as president of the company.

Insurers are the last people who should be complaining about any reform plan that has the government mandate employers to provide health insurance and for individuals to buy it, says NU Editor Sam Friedman on his blog today at www.NUSamSoapBox.com.

Bermuda-based property and casualty insurer XL Capital Ltd. has sold its U.S. life reinsurance subsidiary, XL Re Life America Inc. to SCOR Global Life US for $45 million.