London-based Lloyd’s announced that a comprehensive and consistent form of slip for writing risks will be mandated starting in January 2004. This new move reportedly will significantly improve business processes within the market by: • ensuring the clarity and completeness …
Kansas-based GE’s Employers Reinsurance Corporation (ERC) named Don Mango as Director of Research and Development. Mango will lead the development of the capital, risk and pricing models at ERC. Mango comes to ERC from American Reinsurance, where he led actuarial …
San Antonio-based Argonaut Group, Inc. has reached an agreement to acquire the renewal rights and certain other assets of Chicago-based Coregis Group, Inc., a unit of GE Capital Company and leading public entity insurer. Argonaut Group, through its public entity …
Applied Systems, Inc. announced that State Auto Insurance is now using Applied’s new Web Bridge technology to offer real-time billing, policy and claim inquiries to agencies using The Agency Manager® and The Agency Manager® Vision Series™ software. Web Bridge provides …
The attached letter was sent to the Los Angeles Times responding to an article that reportedly suggested that insurers’ only interest in event data recorders (EDR) or black boxes is auto liability in auto crashes. The letter reportedly says that …
Surveys of the insurance industry have confirmed a total of 7,260 claims filed from the Southern California firestorms as of 4 p.m., Wednesday, Nov. 5, according to the Insurance Information Institute. Reports of up to 3,500 structures have been damaged …
A.M. Best Co. has changed the under-review status of Paris-based SCOR’s financial strength rating of “B++” (very good) to negative from developing, which also applies to its core subsidiaries. Best also downgraded and placed under review negative the ratings on …
French insurer Axa SA saw its revenues for the year so far decline by 4 percent but said in a statement that underlying growth is still strong and the revenue decline will not impede its quest to make additional acquisitions. …
Hamilton, Bermuda-based insurer and reinsurer XL Capital Ltd. has declared a quarterly dividend of 48 cents per share payable on the company’s ordinary shares. The dividend will be payable on Dec. 31, 2003, to shareholders of record on Dec. 8, …
A.M. Best Co. has downgraded the East Lansing, Mich.-based APCapital Group’s financial strength rating to “B++” (very good) from “A-” (excellent). APCapital Group is a subsidiary of American Physicians Capital Inc. Best has placed the group’s rating under review with …
