mparedConning Research & Consulting, Inc. has released a study which concludes that P/C insurers’ cost of doing business “has stagnated over the past 20 years, contrasting the remarkable efficiency gains achieved by many other industries.” As an example Conning compared …
The U.K.’s Royal & SunAlliance took another step toward exiting the life insurance business with today’s announcement that it has agreed to sell the life and pension operations of Codan, its 71.7 percent Danish subsidiary, to SEB Trygg Liv, “subject …
A.M. Best Co. announced that it has “affirmed the financial strength ratings of 38 Canadian insurers, downgraded the ratings of four, upgraded the ratings of nine and assigned initial ratings to four Canadian property/casualty insurers.” Best said the reason for …
Bermuda-based Alea Group Holdings, a global reinsurance and specialty insurance company, announced the promotion of Mark L. Ricciardelli from Group President and COO to Group President and CEO with immediate effect. He has also been appointed an Executive Director. The …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Spanish funeral and household insurer Ocaso, S.A. Seguros y Reaseguros with a stable outlook. “The rating reflects the company’s excellent business profile, excellent and …
Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters issued a bulletin asking Michigan insurers to make sure that members of the U.S. Armed Forces returning home to Michigan do not have any trouble renewing their automobile insurance …
Gov. Bob Wise announced this week another step toward bringing health care to all West Virginians – making insurance available to uninsured small businesses. As part of the Governor’s Health Insurance Plan for Small Business, the Public Employees Insurance Agency …
Florida-based eAutoclaims announced that Vision Insurance Group has signed a new annual contract, expanding their relationship to include an additional service now provided by eAutoclaims. Vision Insurance group has been using eAutoclaims’ Internet-based auto appraisal management tool, eJusterSuite, for more …
Massachusetts-based Atlantic Benefit Services, part of The Atlantic Insurance Group has hired Michael Rodgers, Jr. as managing partner and employee benefits practice leader. Prior to joining Atlantic, Rodgers gained more than 12 years of employee benefits experience holding senior consulting …
Crum & Forster Holdings Corp. announced that Nikolas Antonopoulos, recently elected CEO of its insurance operating subsidiaries, will also be elected chairman of the board of those companies. Antonopoulos succeeds Bruce Esselborn, who retired from Crum & Forster earlier this …
