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Jan. 19–Elephant Insurance, the Henrico County-based company that is a subsidiary of a British insurance giant, has signed deals that give it even more financial muscle. The company said yesterday th…  Read More →

Bermuda-based specialty insurer Endurance Specialty Holdings Ltd. has announced that Arturo E. Falcon has joined Endurance Worldwide Reinsurance. Falcon is appointed to the post of head of the global reinsurance portfolio in Latin America, and is to be based in the reinsurance office in Miami. He brings a quarter of a century of experience of reinsurance... 

Motor insurer, Admiral, has announced that its reinsurance agreement with Munich Re for its new car insurance operation in the US (Elephant Insurance) has been extended. Alongside the agreement, Hannover Re will take one-third of the group’s US risk and Admiral will retain the final third. The company has also extended its long-term coinsurance... 

Price Forbes & Partners is establishing a Treaty Reinsurance Division. The independent specialist broker expects to have the new unit up and running by 1st October, headed by Paul Bumpstead who has been appointed managing director, reinsurance. Mr Bumpstead has over 40 years’ experience in property and liability reinsurance and will be based... 

Millions of motorists don’t know the meaning of everyday road signs according to research by Swinton, the UK’s leading high street retailer of car insurance.An online survey which asked 1,000 Swinton …  Read More →

July 15–If you’ve ever seen “Flo,” the cheerfully offbeat cashier in Progressive Insurance’s ad campaign, you probably know her shtick: that when it comes to auto insurance, Progressive strives to be…  Read More →

It’s not alarmist to think that you’ll need long-term care in your lifetime. Among Americans who reach their 65th birthday, 45% will have to pay for some kind of long-term-care services, according to the actuarial firm Milliman.  Read More →

Miller has announced a number of senior appointments to its reinsurance business unit. Former Guy Carpenter managing director, Adrian Stewart, is tasked with enhancing the broker’s property reinsurance book, having already been instrumental in expanding his previous employer’s global retrocessional practice from £3.5 million to £25... 

Defaqto has been studying the recommendations contained in a recent paper on the long-term care funding crisis, and is asking whether the insurance industry is up for the challenge? “Long Term Care of the Elderly: Shaping the Future” is the work of a cross-party group of MPs that proposes a private-public partnership between government,... 

International speciality property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Peter Schmidt as chief executive officer of Reinsurance in Europe. At the same time he will take on the role of Catlin Re Switzerland CEO. Schmidt joined the firm at the start of the month, and is directly responsible to Group Chief... 

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