Monthly Archives: <span>May 2006</span>

Ohio Teens Convicted in Murder Plot to Collect Insurance Money

A Toledo, Ohio girl and her boyfriend, secretly living in her family’s house, were convicted of a plot to kill the girl’s mother in what the she said was an effort to collect the insurance money and inherit the home. …

Integro’s Chicago Office Adds Ed Propst as Principal for Client Development

Integro today announced that Edward Propst has joined the firm as principal for Client Development in the Chicago office. Mr. Propst joins Integro from Worthington Advisors, where was president for five years. He has 13 years of experience in client …

Mass. House Goes in Reverse, Nixes Primary Seat Belt Law

The Massachusetts House, in a dramatic reversal, voted Tuesday to kill a controversial seat belt bill that would have allowed police to pull over drivers and cite them solely for not wearing seat belts. Police can now cite drivers for …

Russell Heads Plymouth Rock Marketing in Conn.; Reardon to N.H.

Plymouth Rock Assurance Corporation announced that John Russell has joined the firm as marketing manager and be responsible for all marketing and agency relations activities for the company in Connecticut. Russell will provide support to independent agents as the company …

R.I. Senate Wants to Raise Liability Limits for Taxis, Shuttles

The Rhode Island Senate has approved legislation to require taxis and transport vehicles such as airport shuttles to carry $300,000 worth of personal injury and property damage insurance. The bill, introduced by Sen. William A. Walaska (D-Dist. 30, Warwick), increases …

S&P Rates Catlin’s Lloyd’s Syndicate ‘4-‘ (Low Dependency)

Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘”-” (low dependency) to U.K.-based Catlin Underwriting Agencies – Syndicate 2003 with a stable outlook. “The assessment reflects the syndicate’s strong competitive position, above-average long-term earnings, …

S&P Affirms PartnerRe Ratings; Revises Outlook to Negative

Standard & Poor’s Ratings Services has affirmed its “A” counterparty credit rating on Bermuda-based reinsurer PartnerRe Ltd. (PRE), its “AA-” counterparty credit and financial strength ratings on PRE’s operating reinsurance subsidiaries Partner Reinsurance Co. Ltd., PartnerRe S.A., and Partner Reinsurance …

Best Affirms Alcatel’s Electro Re S.A. ‘B++’ Ratings

A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb+” of Luxembourg domiciled Electro Re S.A., the reinsurance subsidiary of France’s Alcatel Group, with a stable outlook. “The rating action …

Klehm Joins RenRe Board

Bermuda’s RenaissanceRe Holdings Ltd. announced that Henry Klehm III, Global Head of Compliance of Deutsche Bank, AG, has been elected to its Board of Directors. His addition brings the total number of directors on RenRe’s Board to 11, of which …

Willis: Resilient Energy Market in 2005; Worries in 2006

Global Broker Willis Group Holding’s recently published “Energy Market Review” concludes that “despite extraordinary losses incurred by the 2005 hurricane season, the energy insurance market has proven remarkably resilient. However, with numerous changes and challenges affecting the industry, it is …