CNA named Nick Creatura as president and CEO of its Canadian operation after recruiting him from RSA, where he was executive vice president and chief financial officer for Canada
Insurance giant Chubb avoided the uptick in cat losses that has emerged as a trend of the first quarter reporting season to deliver a 15.3 percent gain in operating income
New York-listed insurer Kemper Corporation has become the latest carrier to surprise investors with higher-than-expected first quarter cat losses as it warned major claims could cost as much as $70mn for the period.
At least two more states in the US have followed Rhode Island by introducing legislation that could pave the way for a run-off sector in the country that looks more like the UK or continental European market.
