Insurance Journal News Feed

Insurance Journal news feed

1. People Moves: Severino Joins Alliant’s Midwest Benefits Team; Doubtless Names Wiley as Regional President for North America

   Jeff Severino has joined Alliant Insurance Services as vice president within its employee benefits group on the Alliant Affinity team. Based in Kansas City, Severino will work with clients nationwide to design and develop tailored programs, drawing on a broad …

2. AM Best Withdraws Credit Ratings of Hartland Mutual

   AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Hartland Mutual Insurance Company (Hartland) (Minot, ND). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best …

3. FTC, USDA Seek Comment on Farm Equipment Market Practices

   he Federal Trade Commission and the US Department of Agriculture launched an inquiry into the agricultural equipment market, including potential anticompetitive conduct. The public inquiry, announced Wednesday, seeks to address a “growing number of complaints” from farmers that they “face …

4. Sanlam’s $1.2 Billion Bid for Santam Would Give More Freedom to Deploy Capital

   Sanlam Ltd.’s $1.2 billion bid to take full ownership of Santam Ltd. will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step in an expansion that will …

5. Markets/Coverages: Aviva to Enter US Specialty Market in Q4

   Starting this quarter, Aviva said it is entering the U.S. specialty market with Aviva Specialty, which will begin underwriting commercial property. Aviva Specialty will serve open-market brokerage, and partnering with leading program administrators. As a wholly owned surplus carrier, Aviva …