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U.S. insurers set to weather 2017 hurricane risk: Fitch

U.S. insurers set to weather 2017 hurricane risk: Fitch

U.S. property/casualty (P/C) insurer industry capital strength is very strong and most insurers should be able to absorb near-term volatility and the effects of adverse hurricane events, according to Fitch Ratings’ 2017 annual hurricane season reference report. However, occurrence of a major catastrophic hurricane could potentially have […]

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USI acquires benefits business from Pennsylvania agency

USI acquires benefits business from Pennsylvania agency

USI Insurance Services has acquired the employee benefits business of The Hartman Group, a Pennsylvania-based insurance agency. New York-based USI acquired Hartman Employee Benefits, Inc., from The Hartman Group. Hartman Employee Benefits and its employees will remain at the current offices in Williamsport, Pa., and State College, […]

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Schmude named market president for Cigna in Del., Pa., Ohio, W. Va.

Schmude named market president for Cigna in Del., Pa., Ohio, W. Va.

Cigna has named Monica Schmude as market president for the states of Delaware, Ohio, Pennsylvania and West Virginia, providing senior leadership within the regions. Schmude’s responsibilities will include ensuring that Cigna’s overall market strategy, product and network offerings meet the evolving needs of Cigna’s customers and clients, […]

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Commercial auto insurance continues to underperform: Fitch

Commercial auto insurance continues to underperform: Fitch

The U.S. commercial auto insurance industry in 2016 reported its worst underwriting performance since 2001 and the segment continues to create a profit drag for U.S. property/casualty insurers, according to a new report from Fitch Ratings. The industry underwriting combined ratio in commercial auto insurance reached a […]

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Virginia insurance commissioner to retire

Virginia insurance commissioner to retire

Virginia Insurance Commissioner Jacqueline K. Cunningham will retire at the end of the year after serving a total of 30 years with the State Corporation Commission’s Bureau of Insurance. She was appointed by the Commission to serve as Virginia’s 13th commissioner of insurance on January 1, 2011. […]

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Aetna looks to move headquarters from Connecticut

Aetna looks to move headquarters from Connecticut

Health insurer Aetna, Inc. said it is looking to move its headquarters out of Hartford, Conn., and is talking with representatives from various states to which it might relocate. “We are in negotiations with several states regarding a headquarters relocation, with the goal of broadening our access […]

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Tim Seifert to manage Lincoln’s annuity wholesale operations

Tim Seifert to manage Lincoln’s annuity wholesale operations

Lincoln Financial, based in Radnor, Pa., has named Tim Seifert to run its annuity sales operation. Seifert will manage relationships with annuity wholesalers for the company. Tim Seifert Seifert will report to John Kennedy, the head of retirement solutions distribution. Seifert began working for Lincoln Financial as […]

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Hub hires Collins away from Willis to head Hub Northeast

Hub hires Collins away from Willis to head Hub Northeast

Hub International has hired Paul Collins away from Willis Towers Watson Hub to become president and CEO of Hub Northeast. Based in Manhattan, Collins will be responsible for overseeing all retail and wholesale operations for the Northeast region of Hub, which includes offices in New York, New […]

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GOP health insurance bill would lower some premiums, raise rates for sick

GOP health insurance bill would lower some premiums, raise rates for sick

The Republican overhaul of the federal health law passed by the House this month would result in slightly lower premiums and slightly fewer uninsured Americans than an earlier proposal. But it would leave as many as one-sixth of Americans living in states where older and sicker people […]

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Savoy hosts Life and Annuity Broker Expo, June 2 in N.J.

Savoy hosts Life and Annuity Broker Expo, June 2 in N.J.

Savoy Associates will host the Savoy Exclusive Life and Annuity Broker Expo on Friday, June 2, in Edison, N.J. The daylong event includes seminars and featured carriers representatives, covering the importance of life and annuity products for broker clients. Topics include key sales strategies, holistic views on […]

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