Following the devastating peat land and forest fires in Russia and the resultant smog in Moscow and surrounding regions, Marsh has urged affected and potentially affected organizations to “review their current business continuity plans and insurance provision.” According to Marsh, …
A.M. Best Co. has affirmed Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agencies Limited (CUAL), a member of the Bermuda-based Catlin Group Limited (CGL). The …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance Company (UK) Ltd. Houston-based Catlin Insurance Company, Inc. (CICI) and Delaware-based Catlin …
On Saturday morning the National Hurricane Center in Miami issued its first bulletin on “Tropical depression Six.” By Monday morning the depression had morphed into Danielle the fourth named storm of the current season, and the NHC warned that it …
HSBC is in talks to buy up to 70 percent of South Africa’s Nedbank, in a potential $6.8 billion deal that would give Europe’s biggest lender a broader gateway to the fast-growing African continent. HSBC and Anglo-South African insurer Old …
The governing board for Louisiana’s property insurance company of last resort agreed to pay its next chief executive $264,000 a year.The Louisiana Citizens Property Insurance Corp. board approved the pay package for Richard Robertson without objection. Robertson will get a …
Pacific Pioneer Insurance Group, the parent company of UCA General Insurance and Pacific Excess Insurance, has acquired Priority Insurance Underwriters. Located in Arizona, PIU is a wholesale broker that does business throughout the Western and some Midwest states. This acquisition …
A new regulation that makes it harder for health insurance companies to drop individual policyholders in California is being challenged in court by an industry trade group. The California Department of Insurance’s new regulations require insurers to investigate the medical …
All Risks Launches Mental Health Program Through Rockhill Insurance All Risks, Ltd. announced the introduction of an exclusive insurance program designed to meet the evolving challenges of the mental health industry with Rockhill Insurance Company. The Mental Health Program specifically …
Starting this month, the Florida Office of Insurance Regulation is going to begin surveying Florida property insurers about their experience with sinkhole claims, in an effort to get to the bottom of the simmering controversy over whether there really are …
