SCOR Names Conoscente CEO of SCOR Global P&C, Succeeding Peignet

Article 0 Comments SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C. This appointment follows Victor Peignet’s decision to retire for personal reasons, after 35 years with the SCOR group. Conoscente will also join the group’s […]

Lloyd’s Managing Agency Antares Appoints Battle as Chief Executive Officer

Article 0 Comments Antares the Lloyd’s managing agency and member of the QIC Group announced the appointment of Jonathan (Joe) Battle, the current active underwriter, as chief executive officer (subject to necessary regulatory approvals). Stephen Redmond, current managing director of Antares, has been appointed to the newly created role of […]

A.M. Best Makes Senior Management Changes, Restructures Organization

Article 0 Comments A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, A.M. Best has also decided to streamline the management of its […]

State Farm’s Ohio Auto Insurance Customers to See Rate Cuts

Article 0 Comments State Farm Mutual Automobile Insurance Co. announced it is cutting its rates in Ohio for the second year in a row. The overall personal auto rate in the state is dropping by 3.7 percent, effective Feb. 18. The total state-wide expected impact for State Farm Mutual by […]

Hub International Acquires Assets of Toronto-Based Firstbrook Pointon Benefits

Article 0 Comments Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Firstbrook Pointon Benefits Inc. Terms of the transaction were not disclosed. Based in Toronto, Ontario in Canada, Firstbrook Pointon Benefits is a full-service employee benefits consulting firm providing a broad spectrum of benefits […]

Allianz Q4 Net Profit Rises 19% to $1.92 Billion

Article 0 Comments Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group’s finance chief said on Friday after reporting a 19 percent rise in fourth quarter profit. Allianz this week announced it would buy back […]

Chubb Appoints Bryant as Head of Financial Lines, Continental Europe

Article 0 Comments Chubb announced the appointment of Kyle Bryant to the newly created position of head of Financial Lines for Continental Europe. In this role, Bryant will have responsibility for leading Chubb’s Financial Lines team in the region, overseeing strategic development, execution and financial performance. The appointment is effective […]

State Farm to Cut Auto Insurance Rates for Michigan Customers

Article 0 Comments State Farm Mutual Automobile Insurance Co. announced it is cutting its overall personal auto insurance rate will drop by 3.5 percent in Michigan. The total state-wide expected impact for State Farm Mutual by this rate decrease in Michigan will be a savings of approximately $48.4 million, the […]

High Insurance Rates, Escape Cited in Closure of Texas Prison Transport Firm

Article 0 Comments A private prisoner transport company has announced its closure after an MMA fighter accused in two killings escaped this month from one of its vans while being escorted to a jail in Texas. Texas Prisoner Transportation Services told Bell County officials in an email last week that […]

MGU Lodestar Marine and Aspen Insurance Form Agreement to Provide P&I Cover

Article 0 Comments Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I) to the owners and managers of small and specialized ships. London-based Lodestar provides $50 million of Aspen-backed P&I cover, with an extra $450 million of capacity available […]