Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey America Reinsurance Corp., Clearwater Insurance Co., and Hudson Specialty Insurance Co. and its “BBB-” counterparty credit rating on Odyssey Re …
Global insurance broker Willis Group Holdings announced from its London headquarters that Doug Smith has been appointed as Non Executive Deputy Chairman of its rapidly expanding Mergers and Acquisitions (M&A) practice. “Smith has held the position of Chairman for a …
Aon Re Inc. announced the introduction of Prime/Cap(SM), which it described as “a comprehensive suite of capital optimization and allocation tools for property-casualty insurers and reinsurers. Prime/Cap(SM) is fully integrated within Aon Re’s dominant Prime/Cap(SM) risk analysis and reinsurance optimization …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A” (Excellent) to Bermuda-based BF&M Limited and its operating affiliates with a stable outlook. “These rating actions recognize BF&M’s consistently strong operating performance, excellent capitalization, experienced …
A.M. Best Co. announced that it has affirmed the financial strength ratings of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur …
The Hagerty Collector Network announced the continued expansion of its collector car specialty program with the launch of its new U.K. insurance affiliate, Hagerty International Ltd. The new Company will provide “U.K. enthusiasts with specialized collector car insurance policies including …
The Insurance Institute of Indiana and the National Association of Mutual Insurance Companies applauded the decision by the Indiana Supreme Court to deny transfer on a case filed against the Indiana Compensation Rating Bureau (ICRB). According to the insurance trade …
Ohio-based Hylant Group has added Jim Chapman as a client executive/vice president and Commercial and Contract Surety practice leader. According the news release issued by Hylant, Chapman brings more than 30 years experience in underwriting and agency production and 30 …
Malaysia to liberalize banking, insurance under five-year plan Received by Newsfinder from AP Mar 31, 2006 5:40 Eastern Time Malaysia will open its banking and insurance sectors to greater competition, including allowing foreign players to own stakes in local companies, …
The Massachusetts House and Senate have passed a landmark plan designed to expand health insurance to most of the state’s estimated 500,000 uninsured citizens. The measure requires that all residents and most employers participate in the health insurance system. It …
