Big reinsurance companies also take big hits when natural catastrophes occur. So its not too surprising that Swiss Re’s 2005 earnings report reflects the overall losses from an exceptionally violent year. Net profits fell by 41 percent from CHF2.475 ($1.887 …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Russia-based insurer Neftepolis Insurance Co. LLC to “B” from “B-“, and its Russia national scale rating on Neftepolis to “ruA” …
Dublin-based consultants Research and Markets announced that it has added a new title to its offering, “The Future of Brokers in UK Personal Lines Insurance.” “This report examines the future prospects for brokers in the ultra competitive personal lines sector,” …
Bermuda-based RenaissanceRe Holdings Ltd. announced that Vice President and Controller Mark A. Wilcox has been promoted to senior vice president and chief accounting officer, effective immediately. He will continue to report to John M. Lummis, RenRe’s COO and CFO, who …
The RS Group of Companies (RSGC), announced from its Toronto headquarters that Sandro Sordi has resigned as RSGC’s General Counsel and Secretary and as a member of its Board of Directors “Since joining the company in 2003 as its General …
The Boston-based OneBeacon Insurance Group announced that its ocean marine division — International Marine Underwriters (IMU) — has launched a new Web-based cargo insurance service platform: http://www.imucargo.com. IMU’s ocean cargo customers and producers can use this secure system to issue …
A former truck driver, who authorites report falsely claimed to have been injured and permanently disabled in the terror attack on the World Trade Center on Sept. 11, 2001, was sentenced recently to 30 months in federal prison for making …
GE Insurance Solutions companies secured nearly $1.5 billion of property and casualty reinsurance business in the recently completed Jan. 1 renewal season. The GE Insurance Solutions team added 62 new reinsurance treaty clients and $149 million in new business premiums, …
Charles F. Taylor, CPCU, ARe, has joined ISU International as regional sales manager in ISU’s Indianapolis office, announced T.J. Ryan, III, president. The ISU Group is a national network comprised of 90 agencies. All of the member offices remain locally …
Americans for Insurance Reform (AIR) has released a new study confirming the wholesale decline of medical malpractice insurance rates nationwide. The AIR study also indicates that this phenomenon is occurring whether or not states enacted restrictions on patients’ legal rights, …
