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Allianz Global Corporate Adds Setzer, Johnson to Aviation Underwriting Team
Allianz Global Corporate & Specialty (AGCS) has hired Scott Setzer as an executive underwriter for Aviation, and Adam Johnson as an Aviation underwriter. Setzer will be based in Alpharetta, Georgia and Johnson in Denver. They will focus on strengthening relationships …

POSTED AUGUST 16, 2018 1:44 PM
Flash Flooding Closes Roads, Damages Homes in Central New York
Home and business owners in New York’s Finger Lakes region were dealing with flooded basements after heavy rains caused flash flooding that inundated roads in several towns Tuesday. A state of emergency was declared in at least one county. The …

POSTED AUGUST 16, 2018 1:35 PM
Affinion Group Closes Sale of Insurance Division to New York’s Mill Point Capital
Affinion Group, LLC, a subsidiary of Affinion Group Holdings Inc., has closed the previously announced sale of its insurance division, Affinion Insurance Solutions, to an affiliate of Mill Point Capital. As a result of the sale, Affinion Group will operate …

POSTED AUGUST 16, 2018 1:26 PM
New Hampshire Workers’ Comp Rates May Decrease for Seventh Year in a Row
New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the loss costs insurers use to develop prices. The National Council on Compensation Insurance (NCCI) filed a rate proposal with the …

POSTED AUGUST 16, 2018 1:09 PM
QBE North America Sells Its Personal Lines Business to Safeco
QBE North America has sold its personal insurance independent agency policies in 47 states to Safeco Insurance, a division of Liberty Mutual. The agreement was effective August 15, 2018. The terms of the transaction were not disclosed. The QBE North …

POSTED AUGUST 16, 2018 12:18 PM
AXIS Re Appoints PartnerRe’s Pollak to New Role as Head of Product Center
AXIS Capital Holdings Ltd. announced that Marcus Pollak has been appointed to the newly created role of head of Product Center for AXIS Re. Based in Zurich, Pollak will lead underwriting process and portfolio management activities for AXIS Re, and …

POSTED AUGUST 16, 2018 12:09 PM
Investor Sues AT&T Over Cryptocurrency Theft
U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. In a …

POSTED AUGUST 16, 2018 11:57 AM
Famed Pebble Beach Classic Car Show Attracting New Models
Next week more than 20,000 car enthusiasts will trek to Pebble Beach, Calif., the Pacific peninsula 90 minutes south of Silicon Valley, for one of the most important classic car shows on earth, the Pebble Beach Concours d’Elegance. There will …

POSTED AUGUST 16, 2018 11:50 AM
Randall & Quilter Signs Program Underwriting Partnerships with 3 European MGAs
Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary R&Q Insurance (Malta) Ltd. has signed three new program underwriting partnerships – or fronting arrangements – with European managing general agents. They are: Futura, a Spanish MGA …

POSTED AUGUST 16, 2018 11:36 AM
Italy Bridge Operator’s Shares Drop After Disaster; Supply Chain Impact Expected
Italy’s biggest toll-road operator came under heavy stock-market attack on Thursday after Rome criticized it for a deadly bridge collapse this week, moving to revoke its concession and accusing it of failing to ensure the viaduct’s safety. An 80-meter-long section …

POSTED AUGUST 16, 2018 11:03 AM

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