Property-Casualty Insurance News
Thomas F. Mulligan, president and CEO of Franklin Lakes, N.J.-based Western World Insurance Group, will retire from the firm following its acquisition by Validus Holdings.
First Commonwealth Insurance Agency acquired Thompson/McLay Insurance Associates in Indiana, Pa.
Lawley Insurance added to its New York City region footprint by acquiring S. Turteltaub Sons of Bayonne, N.J.
Although insurance companies are generally confident in their existing risk management and control processes, some firms still have work to do as they prepare to file a new regulatory requirement for the U.S. insurance industry.
Starr Companies has announced the launch of its cyber insurance offering, Security & Privacy Risk Response, for both 1st and 3rd party costs.
Commercial insurance buyers will face improving pricing conditions throughout 2015, due in part to further softening in the property insurance line, an influx of new capital from non-traditional sources and an easing of pricing pressure on the casualty market, according to Willis Group.
The National Association of Professional Insurance Agents (PIA National) has named The Heffner Agency of New York City as the recipient of its 2014 Managing General Agency of the Year Award.
Berkley FinSecure, a Maryland-based W .R. Berkley company, announced the formation of Berkley Crime, an operating unit focused solely on offering a wide range of crime related insurance products.
A.M. Best has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Frederick Mutual Insurance Company, based in Frederick, Md.
Allstate Insurance is laying off workers from its Roanoke County (Va.) facility.
A company spokesperson would not confirm to WDBJ7 television news how many jobs are being cut.
“We understand that these … Read →