In the wake of Hurricanes Katrina and Rita, leaders from the public and private sectors from throughout the nation will take part in the National Symposium on Terrorism Risk Insurance in the Cannon House Office Building on Oct. 7. Congress …
Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a new research report published by Lloyd’s. Lloyd’s, working with the Economist Intelligence Unit, conducted a comprehensive …
The Chubb Group of Insurance Companies has created an online system that enables agents and brokers to quickly obtain a rate, quote or binder for contractors’ equipment risks with schedules up to $5 million. Contractor’s Equipment Express, or CEQ Express, …
Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, has agreed to purchase GCAN Insurance Company, a Canadian property and casualty insurer, for an undisclosed price from TORQUEST PARTNERS Inc., Newport Capital Insurance LP, CIBC Capital …
Atlanta-based AssuranceAmerica Corp. announced its financial results for the month of August, 2005, and year-to-date through the first eight months of 2005. Total premium production controlled by its MGA/carrier and its owned retail agencies was $10,616,054 for August 2005, compared …
Medical insurer ProSelect has received approval for an average 2.3 percent increase in physicians’ and surgeons’ medical malpractice insurance rates in Rhode Island. However, the insurer lost its bid for an increase in rates for hospitals. ProSelect had submitted filings …
Wisconsin-native Mark Fiebrink, an executive vice president for the Liberty Mutual Group, was named president and chief operating officer of Wausau Insurance. Fiebrink replaces Joe Gilles, who will assume a new leadership role within the Boston- based Liberty Mutual Group. …
A.M. Best Co. has assigned a financial strength rating of B (Fair) and an issuer credit rating of “bb” to East Africa Reinsurance Company Limited (EARE) (Kenya). The outlook for both ratings is stable. The ratings reflect EARE’s consistently high …
Bermuda-based ACE Limited announced that Citigroup Global Markets Inc. and Goldman, Sachs & Co. have exercised their option to purchase an additional 4,292,500 ordinary shares of ACE Limited. The option to purchase the additional shares was granted in connection with …
Saying that affordable health care should be within the reach for all Rhode Islanders, Governor Donald L. Carcieri this week laid out a series of five initiatives to improve the state’s system of care by the eyar 2010. Carcieri’s health …
