News

Pushed up by limited capacity, U.S. property-casualty reinsurance rates for April 1 renewals had increases up to 14 percent for national programs on a risk adjusted basis, a reinsurance brokerage reported.

Ron Wright, the chief operating officer of Texas Mutual Insurance Company since 1997, will become the firm's president and chief executive officer on Sept. 1, the company said.

Crump Names Murphy CFO For Commercial Insurance He replaces Patrick O'Brien, who is retiring after 22 years with the company, said Crump.

Property-casualty insurance rate decreases were one point less in March than the previous month, according to tracking by an electronic insurance exchange.

Marsh said today it has appointed Julie S. Boucher as leader of the firm's U.S. Captive Solutions Practice, which currently manages nearly 350 captive insurance companies in seven U.S. domiciles and has 114 employees.

The quake that struck near L'Acquila, Italy killing more than 200 persons and demolishing thousands of buildings is unlikely to inflict a major insurance loss, according to figures from one expert.