Australia’s Macquarie Group Ltd. is in talks to acquire Fox-Pitt Kelton Cochran Caronia Waller, a small investment bank owned by its management and private equity firm J.C. Flowers & Co LLC, a person familiar with the matter said Thursday. Macquarie …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co .Ltd. (R.J. Kiln). Best also affirmed the ICR …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Disaster Emergency Response Agency (CDERA) have signed a Memorandum of Understanding (MOU) formalizing a partnership to facilitate capacity building and to develop strategies for mitigating the physical and socio-economic impacts …
Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be drunk drivers, robbers, forgers, possibly even rapists. They got their producer licenses in states that did not ask them for their …
A total of 5,071 fatal work injuries were recorded in the U.S. in 2008, down about 10 percent from a total of 5,657 fatal work injuries reported for 2007, according to preliminary government figures. Based on these preliminary counts, the …
A Florida hearing into rate changes for Citizens Property Insurance Corp. for next year that had been scheduled for Aug. 25 has been postponed due to a glitch in the electronic transfer of data accompanying the rate filings. John Kuczwanski, …
Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is on the search for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will consider nominating …
Robert Benmosche, the newly appointed chief executive officer of American International Group Inc., says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News. …
Leila Tamashiro, president of the Honolulu Association of Insurance Professionals (HAIP), accepted the Jeffrey Nordhaus Education Award at the National Association of Insurance Women (NAIW (International)) regional meeting in Salt Lake City, Utah. The award honors the local association within …
Policemen may have the donut problem. But it is firefighters who get all the love these days, as evidenced by the $24,378 gift from Worldwide Facilities, Inc., and Fireman’s Fund Insurance Co. to the Los Angeles Fire Department to purchase …
