Archive for July 2016

By L.S. Howard Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for livestock risks. The consortium offers larger single … Read More Read more here:: Insurance Journal       

Approximately three-fourths of insurers surveyed have lowered their target return-on-equity expectations to 10 percent or lower, a reflection of highly competitive market conditions remaining and the slow-growth economy, according to a new A.M. Best survey. According to the Best Special … Read More Read more here:: Insurance Journal       

Allianz Global Corporate & Specialty (AGCS) reported that Adam Posner has been named senior underwriter for Terrorism & Political Violence insurance. Posner will be based in New York and he will report directly to Marcos Garcia Norris, regional practice group … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Penn State coach Joe Paterno was told by a teen boy in 1976 that assistant coach Jerry Sandusky had molested him in the shower but responded that he didn’t want to hear about it and had “a football season to … Read More Read more here:: Insurance Journal       

By Amy O’ Connor Sixty-eight companies have signed onto a legal brief opposing a North Carolina law that limits protections for LGBT people. The amicus brief filed July 8 is part of a legal challenge brought by the Department of Justice. The federal government … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Chicago-based Mesirow Insurance Services (MIS), a division of Mesirow Financial, has joined Alliant Insurance Services’ middle market platform, Alliant Americas. Terms of the agreement were not disclosed. Founded in 1972, MIS is a full-service insurance brokerage and consultant specializing in … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Twenty-four workers laid off by Spirit AeroSystem in 2013 have sued the aircraft parts maker alleging it targeted older workers covered by its health insurance who had costly medical conditions. The former employees, members of the Society of Professional Engineering … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Specialty property/casualty insurer Philadelphia Insurance Companies announced the hiring of Brian Kilroy as national vice president of Marketing. Kilroy will lead the insurer’s wholesale and global broker relationships, as well as focus on business development opportunities between Tokio Marine Group … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Schaumburg, Ill.-based insurance brokerage, Assurance, Anthony Way to senior vice president, practice leader. Way has been a leader and mentor in the firm’s property/casualty division for six years. Way will oversee Assurance’s Public Entity and Education, Real Estate and Faith-Based … Read More Read more here:: Insurance Journal