Breckenridge Insurance Group today announced the appointment of David A. Jordan as president and chief executive officer of the wholesale insurance brokerage, programs and financial services company. Jordan succeeds Tracey Carragher and was selected to lead Breckenridge as he brings nearly 40 years of experience in the property and casualty insurance industry to the entrepreneurial… Continue reading Industry Veteran David A. Jordan Named to Take the Helm at Breckenridge Insurance Group
Tag: P&C insurance
Allstate Slips to Loss in Q4 But Beats Estimates
The Allstate Corp. slipped to a loss in the fourth quarter from a profit last year, due to realized capital losses, higher catastrophe losses, and a drop in net investment income. However, the results exceeded analysts’ expectations. Net loss applicable to common shareholders was $312 million or $0.91 per share compared to a profit of… Continue reading Allstate Slips to Loss in Q4 But Beats Estimates
Zurich Insurance 2018 Net Profit Rose
Zurich Insurance Group AG said Thursday that its net profit for 2018 rose, and raised its dividend. The company reported a net profit of $3.72 billion for 2018, up 24% from $3 billion in 2017. Analysts had seen Zurich’s net profit for the year dropping to $2.98 billion, according to a consensus estimate provided by… Continue reading Zurich Insurance 2018 Net Profit Rose
The Hartford Announces Q4 2018 Financial Results and $1B Share Repurchase Authorization
The Hartford reported fourth quarter 2018 income from continuing operations, after tax, of $196 million compared with a loss from continuing operations, after tax, of $558 million in fourth quarter 2017, which included an $877 million charge for the effect on the company’s net deferred tax assets of the reduction in the U.S. corporate tax… Continue reading The Hartford Announces Q4 2018 Financial Results and $1B Share Repurchase Authorization
United Group Alliance Hires Dianne Swanson as Regional Vice President for Ohio
United Group Alliance (UGA) has hired Dianne Swanson as regional vice president for Ohio. In this role, Swanson will be responsible for membership service and business development for all UGA member agencies in her territory of Central/Southeastern Ohio. Swanson is an experienced insurance sales professional of 28 years. Most recently, she served as the regional… Continue reading United Group Alliance Hires Dianne Swanson as Regional Vice President for Ohio
Chubb Launches New Media Industry Practice for the UK and Ireland
Chubb today announced the launch of a new Media Industry Practice for the UK and Ireland. This latest addition to Chubb’s existing suite of Industry Practices is aimed at Middle Market and multinational businesses, bringing together Chubb’s specialist capabilities in underwriting, claims management and multinational servicing into one client-focused proposition. Chubb’s Media Industry Practice has… Continue reading Chubb Launches New Media Industry Practice for the UK and Ireland
USI Insurance Services Acquires GFI Insurance Brokerage
USI Insurance Services (USI), a world leader in insurance brokerage and risk management, today announced the acquisition of New York-based GFI Insurance Brokerage, Inc. Founded in 2003, the insurance brokerage provides commercial property and casualty, employee benefit and personal risk solutions to clients in the Northeast region. Terms of the transaction were not disclosed. Commenting… Continue reading USI Insurance Services Acquires GFI Insurance Brokerage
Emily Quinlan Adds Bay Area Strength to Alliant
San Francisco-based risk advisor Emily Quinlan has joined Alliant as Vice President, where she will provide a full range of risk management and insurance solutions to the company’s growing West Coast client base. “Emily has a proven track record in the Bay Area marketplace and has earned high accolades among her clients for combining deep… Continue reading Emily Quinlan Adds Bay Area Strength to Alliant
Hank Greenberg Disputes AIG’s Claim of 100-Year Anniversary
When it comes to American International Group Inc., the insurance conglomerate he turned into a powerhouse, there isn’t much Maurice R. “Hank” Greenberg hasn’t fought over. After he was forced out of the company, he battled over which files, mementos and antiques were his to keep. He filed a lawsuit challenging the constitutionality of the… Continue reading Hank Greenberg Disputes AIG’s Claim of 100-Year Anniversary
AIG Adds Thomas Motamed to Board of Directors
American International Group, Inc. (AIG) has announced that Thomas F. Motamed has been elected to its Board of Directors, effective immediately. Motamed retired from his position as Chairman and Chief Executive Officer (CEO) of CNA Financial Corporation in 2016, a role that he had held since 2009. Prior to this, he spent 31 years at… Continue reading AIG Adds Thomas Motamed to Board of Directors