Mark A. Hofmann
Business Insurance
Rockville, MD, United States
Contact Mark
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Mark:
1. Liberty Mutual sells units
While Liberty Mutual Holding Co. Inc. made the news in 2017 after making a major acquisition, it was its sale of businesses that garnered the most attention in 2018. → Read More
7. XL makes executive changes following purchase by Axa
French insurer Axa SA’s purchase of XL Group Ltd. for $15.3 billion in the spring triggered a series of executive changes and other moves that began in May and continued throughout the year. → Read More
Catastrophes hand property/casualty insurers a ‘difficult’ quarter: Analysis
Property/casualty insurers face a “difficult fourth quarter,” reflecting the impact of several natural catastrophes on underwriters, according to an analysis released Friday by Sandler O’Neill & Partners LP. → Read More
Lloyd’s of London syndicates settle NRA-related charges
Ten Lloyd’s of London insurers have agreed to pay the New York State Department of Financial Services $5 million for violating state law by underwriting the National Rifle Association’s branded fire arms liability insurance programs. → Read More
Neon Underwriting leaders named
Theo Butt has been named CEO of Neon Underwriting Ltd., the Lloyd’s of London managing agency of Neon Holdings Ltd., and Matthew Washington has been named managing director of the agency, Neon Holdings said Friday. → Read More
Reinsurance markets expected to pick up California wildfire losses: Fitch
While gross insured losses from this year’s California wildfires have been “significant,” much of the loss is expected to be ceded to global reinsurance markets, thus reducing the net exposure of the U.S. domestic primary market, Fitch Ratings Inc. said Wednesday. → Read More
Gallagher buys Mississippi insurance agency
Arthur J. Gallagher & Co. on Wednesday said it has acquired Pointer Insurance Agency Inc., which offers property/casualty coverages to businesses and individuals across Mississippi and Tennessee. → Read More
Argo revamps leadership with executive moves
Matt Harris has been named group head of international operations at Argo Group International Holdings Ltd., succeeding Jose Hernandez, who has been tapped as international operations chair. Kevin Rehnberg will become chief administrative officer. → Read More
John Charman named overseas CEO for Sompo Holdings
John Charman, currently chairman and CEO of Sompo International Holdings Ltd., has been named CEO of overseas insurance business for Sompo Holdings Inc., while Nigel Frudd will succeed him as CEO of Sompo International. → Read More
Connecticut Insurance Commissioner Katharine Wade steps down
Connecticut Insurance Commissioner Katharine Wade will leave office on Wednesday, according to a statement released by Gov. Dannel Malloy’s office Friday. → Read More
Gallagher buys media specialist Preston-Patterson
Arthur J. Gallagher & Co. on Monday said it has acquired broadcast and media specialist Preston-Patterson Co. Inc., part of a flurry of year-end M&A activity. → Read More
Ryan Specialty acquires premium financing company
Ryan Specialty Group LLC on Monday said it has acquired the assets and operations of premium financing firm Superior Payment Plan LLC. → Read More
Hub acquires California insurance agency
Hub International Ltd. on Thursday said it has acquired the assets of G.P. Barich Insurance Agency Inc. Terms of the deal were not disclosed. → Read More
Insurers lag on tax reform guidance: Poll
A majority of the insurers participating in a flash poll conducted by Baker Tilly Virchow Krause LLP do not feel their company is staying up to date with the additional guidance that has been released since the passage of the Tax Cuts and Jobs Act last year. → Read More
Hub buys hospitality and real estate broker Dadgar Insurance
Hub International Ltd. has acquired the assets of Woburn, Massachusetts-based Dadgar Insurance Agency Inc., an independent multiline brokerage with expertise in restaurant and habitational insurance. → Read More
Willis Towers Watson names North America construction leader
Bill Creedon has been appointed construction industry leader for North America within Willis Towers Watson PLC’s corporate risk and broking segment, the brokerage announced Tuesday. → Read More
Gallagher makes international acquisitions
Arthur J. Gallagher & Co. continued its international expansion with two more acquisitions announced late this week: Pavey Group and Boston Marks. → Read More
Markel reveals probe by authorities into Bermuda unit’s reserves
Markel Corp. announced late Thursday that it is “fully cooperating” with inquiries by authorities in the United States and Bermuda concerning loss reserves at its Bermuda-based retrocessional reinsurance unit Markel CATCo Investment Management Ltd. → Read More
AIG names former MetLife exec as Asia-Pacific CEO
Sachin N. Shah has been named CEO of Asia-Pacific, AIG General Insurance, American International Group Inc. announced Wednesday. His appointment takes effect at the end of December. → Read More
Hartford expects fourth-quarter catastrophe losses up to $365 million
Hartford Financial Services Group Inc. expects fourth-quarter 2018 net pretax catastrophe losses of $350 million to $365 million, the insurer said Wednesday. → Read More