Archive for February 2016

Massachusetts Mutual Life Insurance Co. agreed to buy MetLife Inc.’s adviser-force business and affiliated broker-dealer for about $300 million. Massachusetts Mutual Life Insurance Co. agreed to buy MetLife Inc.’s adviser-force business and affiliated broker-dealer for about $300 million. As part … Read More Read more here:: Insurance Journal       

British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining explicit support from the United … Read More Read more here:: Insurance Journal       

XL Group plc announced a proposal to change its parent holding company’s place of incorporation to Bermuda from Ireland. “Establishing our corporate home in Bermuda is a natural step for XL. XL has had a presence in Bermuda since 1986, … Read More Read more here:: Insurance Journal       

Hamilton Re, the reinsurance operations of Hamilton Insurance Group, announced that Gavin Davis has joined the Bermuda-based company as senior vice president, head of Property Insurance, Bermuda. Davis will be instrumental in leading the ongoing diversification of Hamilton Re’s portfolio … Read More Read more here:: Insurance Journal       

DUAL Commercial, LLC has developed DUAL CyberSecurity, a new cyber program to be led by Phil Hoyt, director of Cyber Insurance. DUAL CyberSecurity provides coverage in conjunction with DUAL Commercial’s programs, as well as on a stand alone basis. DUAL’s … Read More Read more here:: Insurance Journal       

Standard & Poor’s Ratings Services has removed its ratings on Cooper Gay Swett & Crawford Ltd. (CGSC) from CreditWatch with developing implications, where S&P initially placed them Nov. 13, 2015. At the same time, S&P has raised its long-term corporate … Read More Read more here:: Insurance Journal       

Health officials say three pregnant women have tested positive for the Zika virus in Florida. Secretary of Health Dr. John Armstrong announced the cases Wednesday in his daily Zika update. A news release says all three cases are believed to … Read More Read more here:: Insurance Journal       

A classical pianist from New York City who hurt his elbow in a car accident and can no longer play at the level he mastered has been awarded $2.5 million by a New Jersey jury. The award was against a … Read More Read more here:: Insurance Journal       

Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Nonprofit Portfolio, a collection of executive and professional lines coverages tailor-made for America’s nonprofit organizations. The Portfolio offers directors & officers liability, EPLI, fiduciary liability, employed lawyers liability and commercial crime … Read More Read more here:: Insurance Journal