News

Lloyd's latest 360 report is a reminder that with the global recession comes more risk. But these pressures can also hit here at home, observes Caroline McDonald, assistant managing editor of NU P&C. Read about it and have your say at www.NoRiskZone.com.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co., said it has acquired Walker Taylor Agency of Wilmington, N.C. Transaction terms were not released.

Jeffrey D. Kelly, a former executive with National City Corp. has been named executive vice president and chief financial officer of RenaissanceRe Holdings Ltd. replacing Fred Donner.

Small, fuel efficient mini and micro-cars have a cost of repair for bumper damage that's big, a report by the Insurance Institute for Highway Safety said today.

The Professional Insurance Agents of New Jersey Inc. selected William R. Vowteras president of the association during its recent joint business meeting of the PIANJ and PIA New York in Atlantic City, N.J.

William P. White, who helped establish and build the Delaware State captive insurance operation, will be leaving at the end of July, National Underwriter has learned.