News

An earthquake off the coast of northern California is not expected to produce significant numbers of insurance claims, according to a catastrophe modeler.

Financial analysts say many insurers' inadequate financial reporting could hurt them by stirring uncertainty about their financial condition and business drivers, PricewaterhouseCoopers reported.

Two big challenges for the London Market this year--modernization and the European Union's new Solvency II regulations--will be closely linked and interdependent, International Underwriting Association's chief executive in London predicted.

Lewis & Clark LTC RRG, Inc., of Atlanta, a national provider of liability insurance to long-term care facilities, has merged with Sophia Palmer Nurses RRG, Inc.

Insurance software and technology service Ebix Inc. said it has acquired Sao Paulo, Brazil-based MCN Technology & Consulting (MCN) effective Jan. 15. The only financial detail released was a company statement that it was an all cash transaction.

RenaissanceRe Holdings Ltd. announced the retirement of two key executives and the promotion of Kevin J. O'Donnell to executive vice president and global chief underwriting officer.