American Transit defeated a motion to dismiss filed by various health care providers in a lawsuit seeking a declaration that American Transit has no obligation to pay claims and to recover the payments that it has made relating to fraudulent and abusive claims made under New York automobile no-fault coverage. The lawsuit was filed in […]
PartnerRe has just announced the appointment of Gareth Stanley as Head of U.S. Casualty. Mr. Stanley assumes responsibility to lead Partner Re’s strategic effort to r grow and develop its U.S. Casualty business by providing clients with relevant and impactful casualty reinsurance solutions, the announcement states. He will be based in PartnerRe’s Stamford office and […]
by Matthew Lerner XL’s global risk management and North America excess casualty business units now offer Multipass, aimed at helping U.S.-domiciled multinational businesses efficiently address their tax/compliance regulations and contractual obligations, Axa XL, a division of Axa SA, said in a statement Thursday. The coverage combines an international controlled master program with an umbrella liability […]
Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources say. The Tokyo Olympics on Tuesday were postponed to 2021, the first such delay in the modern Games’ 124-year history, as the coronavirus crisis forced […]
S & P projects a relatively stable level of aggregate deal volume for insurance carrier transactions involving buyers or targets in the US and/or Bermuda. The second-strongest fourth quarter in the last 13 years provides momentum for 2020, but the outlook does not assume a repeat of the $6.3bn New York Life/Cigna group protection transaction […]
Professional Insurance Agents of Connecticut’s Annual Convention, the largest industry networking and education event in the state of Connecticut, will be held at Foxwoods Resort Casino Mashantucket, March 5-6. “The PIACT Annual Convention is the must-attend event of the year for all industry professionals throughout the region,” said PIACT President Mark Connelly, CIC. “The convention […]
Kevin H. Kelley, retired vice chairman of Liberty Mutual Insurance Co.’s Global Risk Solutions business, has been named the recipient of the 2020 Business Insurance Lifetime Achievement award for outstanding accomplishments in the insurance and risk management sector. He will receive the award at the Business Insurance U.S. Insurance Awards on March 12 in New […]
MCLEAN, VA.—ARIAS•U.S. is proud to announce that Larry Schiffer, Partner, Squire Patton Boggs (US) LLP was named recipient of the newly named Dick Kennedy Award (previously the ARIAS-U.S. Award) for his service, hard work and commitment to ARIAS-U.S. Schiffer was recognized at the 2019 ARIAS-U.S. Fall Conference reception on October 3, 2019. Chairman Emeritus Dick […]
Applied Underwriters, Inc. and its subsidiary North American Casualty Co. (“A” rated, A.M. Best), a group of diversified, national financial services companies, has been acquired by Applied’s founder, Steve Menzies, joined by the Quasha Group led by Quadrant Management. The transaction, valued at $920MM, included the buyout of all other shareholders including the 81% of the 25 year old Company’s stock held by Berkshire Hathaway Inc.
“The combination of strengths that our experience and our enterprises bring to Applied will foster robust organic growth, as has long been Steve Menzies’ approach in making Applied a national leader…”
Berkshire Hathaway GUARD Insurance Companies recently added their Commercial Package product in New Jersey. This offering includes: Commercial Property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and inland marine coverages as well as crime coverage; General Liability with base limits of $1 […]
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