Good Assurance

The latest business news for the Property & Casualty insurance industry



SCOR unveils new CEO of worldwide P & C activities

The chief executive of SCOR of reinsurance for its global property and accident operations is rising in April. Appointed CEO of SCOR Global P & C, Jean-Paul Conoscente will be the successor of the company veteran Victor Peignet who has… Continue Reading →

Hong Kong insurer FWD hires Ex-Deutsche Bank Dealmaker as an F & D advisor

FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG deal maker Tan Boon-Kee as senior adviser for mergers and acquisitions. Tan, who will be based in Singapore, started her new role last… Continue Reading →

Suit Questions Maiden Holdings & # 39; Settlement of AmTrust Portfolio Risk & # 39; s

Maiden Holdings Ltd. is mentioned in a lawsuit against investors with classifications in which it claims that it has insufficiently addressed and disclosed portfolio risks relating to AmTrust Financial Services, its largest customer. The complaint alleges that Maiden has not… Continue Reading →

Gallagher: medium-sized companies are key targets for D & O claims

A hard market looms up for liability insurance for directors and managers (D & O). The back of 2018 saw a dramatic reorientation of acceptance discipline, when carriers continue to fight record numbers of class actions and an increasing number… Continue Reading →

UK Insurer Aviva prepares for & # 39; Hard Brexit & # 39; by transferring assets from the UK

Aviva Plc asked a court in London to approve the transfer of assets totaling 9 billion euros ($ 10.2 billion), with the uncertainty of the Brexit "increasing" when it joined other insurers and banks that produced contingency plans. Aviva asked… Continue Reading →

CEO Must Paint Image of how & # 39; good & # 39; looks like

QBE Insurance has restructured its activities over the past few years and at the same time woven the fabric of a global organization with a strong, cohesive culture. A good corporate culture helps to create good financial results. Therefore, the… Continue Reading →

Why the & # 39; big bang & # 39; consolidation of insurance brokers did not take place

Merger and acquisition activity (M & A) in the insurance sector has experienced three consecutive growth periods of six months for the first time since 2009. Global merger and acquisition activity increased by 9% in 2018, with 382 M &… Continue Reading →

Brown & Brown acquires Pennsylvania agency Smith Insurance Associates

Insurance broker giant Brown & Brown, Inc. today announced the acquisition of Smith Insurance Associates, Inc., a family business in Pennsylvania. The deal was made through Brown & Brown Metro, LLC, a subsidiary of Brown & Brown, Inc. Smith Insurance… Continue Reading →

Why the & # 39; big bang & # 39; the consolidation of insurance agents has never taken place

Merger and acquisition activity (M & A) in the insurance sector has experienced three consecutive growth periods of six months for the first time since 2009. Global merger and acquisition activity increased by 9% in 2018, with 382 M &… Continue Reading →

Berkshire Hathaway & # 39; s new & # 39; THREE & # 39; Policy tries to simplify the Small Business Insurance

Berkshire Hathaway's Insurance Group has launched a comprehensive insurance product for small businesses that combines multiple coverings, and the legendary chairman of the conglomerate has endorsed it. The product, called THREE, is three pages long and combines coverage for employee… Continue Reading →

SunTrust and BB & T Banks to Merge

SunTrust Banks and BB & T Corp. have announced that the Boards of Directors of both companies unanimously agreed to merge the two financial services firms into a merger of all shares with a value of approximately $ 66 billion…. Continue Reading →

Music festivals have & # 39; practically every possible exposure & # 39;

The countdown to the music festival season has started. Star-studded line-ups are officially announced for the big hit figures such as Coachella, Lollapalooza and SXSW – and thousands of festival fans are eager to count down until they see their… Continue Reading →

Musicians from the seventies opt for & # 39; Second Chance & # 39; to win back their songs

David Johansen, John Waite and other prominent musicians from the 1970s filed a lawsuit on Tuesday in which Sony Music Entertainment Inc. and UMG Recordings Inc. accused of wrongly refusing to have them claim rights to numbers they had signed… Continue Reading →

PG & E can bring light to customers when California forest fires occur

Everyone who comes to power from PG & E Corp. can see that their lights are going out of this burning season. Even the millions of Californians living outside high-risk areas can be left in the dark under a drastic… Continue Reading →

Insurance agents help & # 39; cyber smart & # 39; to become

Offering adequate cyber insurance is no longer enough for insurance agents. Modern customers demand more and expect their agents to have some knowledge about cyber risks and mitigation that go beyond the rudimentary. Insurance companies recognize the requirements imposed on… Continue Reading →

Insurance agencies must be significantly more diversified & # 39; to be

As the American population evolves and diversifies, it is essential that insurance companies follow suit, said John Tiene, CEO of the Agency Network Exchange (ANE) – a network of more than 70 independent offices in the Mid-Atlantic States. "At ANE… Continue Reading →

Credit Ratings from South Dakota & # 39; s Northwest G.F. Mutual insurance upgraded

AM Best has upgraded the Financial Strength Rating to B ++ (Good) from B + (Good) and the Long-Term Issuer Credit Rating to "bbb" from "bbb-" from Northwest G.F. Mutual Insurance Co. (NWGF), a small farm and personal line insurer… Continue Reading →

Lacewell is taken over as New York DFS Superintendent after Vullo & # 39; s Tenure

When Governor Andrew Cuomo of New York launched his regulatory banking and insurance regulator a few years ago, he chose an aggressive ex-prosecutor who had spent years under his wing. Now, when he mentions his last head of the state's… Continue Reading →

WSIA 2019 president predicts & # 39; beautiful future & # 39; for E & S industry

The insurance lock of Joel Cavaness was sealed at his family table when he was only six years old. After growing up surrounded by industry, he turned his young ideas into a fruitful insurance career, reached a leading position in… Continue Reading →

Lloyd & # 39; s Tapered Keese of Allianz as Chief Financial Officer, Succeeding Parry

Burkhard Keese has been confirmed as Chief Financial Officer (CFO) of Lloyd's following the unanimous approval of his appointment as successor to John Parry by the Council of Lloyds. Keese will take up his position at Lloyd & # 39;… Continue Reading →

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