A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Qatar General Insurance and Reinsurance Company (S.A.Q.) (QGIR) and assigned the company an issuer credit rating (ICR) of “bbb”. Best said the newly …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB” insurer financial strength and counterparty credit ratings to Taiwan’s First Insurance Co. Ltd. with a stable outlook. At the same time S&P withdrew its previous “BBpi” public information …
American Financial Group Inc. announced that its chief financial officer, Senior Vice President and Treasurer Fred J. Runk, plans to retire in March 2005. Runk, 62, has been with AFG and its predecessor for more than 30 years and has …
According to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 27 of the leading U.S. property/casualty reinsurers wrote $22.3 billion of net premiums during the three months ended Sept. 30, …
The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. Nigohosian was chosen from among a pool of the insurance industry’s best and brightest after an arduous search process. He has …
State Compensation Insurance Fund announced it has filed with the California Department of Insurance an average rate decrease of 5 percent on new and renewal workers’ compensation policies with renewal dates on or after Jan. 1, 2005. This is in …
A Utah law that caps the noneconomic damages that can be awarded in medical liability lawsuits will remain in place, the Utah Supreme Court ruled in November, according to the American Medical Association. In the nearly 20 years since the …
A Windermere, Fla. man has lost his licenses to sell insurance following an investigation by the Florida Department of Financial Services that alleged he took advantage of his clients for his own financial gain. Earlier this year, the department filed …
New York-based Willis Group Holdings has appointed Arlene Corsetti as executive vice president, regional executive officer to lead the Western Region encompassing Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington. She also assumes the role of Willis’ healthcare practice leader …
Standard & Poor’s Rating Services has revised its outlook on Michigan-based American Physicians Assurance Corp. (APA) to stable from negative. At the same time, Standard & Poor’s affirmed its ‘BBB-‘ counterparty credit and financial strength ratings on APA. The revised …
