US specialty carrier ProSight is accusing one of its programme managers of stealing what could be more than $3.5mn after failing to hand over premiums it had taken on the insurer's behalf.
Acquisitive broking house Arthur J Gallagher reported organic growth in its brokerage segment of 3.6 percent to generate revenue of $833.2mn in the final quarter of last year.
RLI Corp reported operating earnings of $24.9mn for the final quarter of last year, marking a slight improvement on the same period in 2015 when it recorded profits of $24.6mn.
CNA has hired Axis Capital's Joseph Merten as executive vice president of technology and operations as new chairman and CEO Dino Robusto continues his overhaul of the business.
An overhaul of US tax laws twinned with the protectionist measures touted by newly installed US president Donald Trump pose a threat to Bermuda’s reinsurance community, rating agency Fitch has warned.
The price of insurance coverage for US directors and officers (D&O) fell by almost 7 percent in the fourth quarter despite a record uptick in class action claims for 2016, Marsh has said.
