News

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.

Fitch Ratings said U.S. property-casualty insurance industry profits fell "dramatically" in 2008 and this year the sector has a negative outlook based on economic and investment uncertainty.

ALPS Corporation announced today that its risk retention group, Attorneys Liability Protection Society, Inc., will acquire Southern Title Insurance Corp. Financial terms were not disclosed.