Enforcement investigators of Insurance Commissioner John W. Oxendine’s office in Atlanta have seized records and computers from a Moultrie, Ga. insurance agency that has been implicated in possible fraudulent activities. Insurance Unlimited of Moultrie, at 321 North Main Street, was …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on The Company for Cooperative Insurance (NCCI) of the Kingdom of Saudi Arabia to “A” from “A-“. The outlook is stable. “The upgrade reflects …
A.M. Best Co. has assigned a debt rating of “bb” to Bermuda-based Arch Capital Group Limited’s $125 million 7.875 percent non-cumulative Series B preferred shares with a stable outlook. Arch’s remaining debt ratings and the financial strength rating of “A-” …
Bermuda-based RenaissanceRe Holdings Ltd. has named Fred R. Donner as its new Executive Vice President and Chief Financial Officer. He succeeds John M. Lummis who, as previously announced, is retiring from the Company effective June 30, 2006. Donner, who will …
Standard & Poor’s Ratings Services has revised its outlook to positive from stable on the ratings of six Japanese insurance companies, “in tandem with today’s upward revision of the outlook on the sovereign rating on Japan.” “The action pertains to …
A.M. Best Co. has assigned a financial strength rating of “B++” (Very Good) and an issuer credit rating of “bbb+” to India’s Oriental Insurance Company Limited with a stable outlook. “The rating reflects the company’s excellent business profile, good operating …
The Florida Office of Insurance Regulation is making an end run around Florida law by seeking to implement a credit-based insurance scoring rule that is currently being challenged in state court, according to the Property Casualty Insurers Association of America. …
Long time insurance professional John Lary Kephart, age 86, passed away May 9, 2006, at his home in San Antonio, Texas, surrounded by his loving family. He was born in Amorita, Okla., on March 30, 1920, to the late John …
Schaumburg, Ill.-based Assurance Agency Ltd. was named one of Chicagoland’s 101 Best and Brightest Companies to Work For. The 101 Best and Brightest awards, administered by the National Association for Business Resources, honor companies that recognize employees as their greatest …
Scott Moon of Dynamite Insurance in Santa Clarita, Calif., has been appointed to serve on the board of directors for the Alliance of Insurance Agents and Brokers. Moon has been serving as chairman of the Alliance’s Santa Clarita and newly …
