The Insurance Council of Australia (ICA) has reacted quickly to the disastrous flooding in the State of Queensland earlier this month with two new initiatives aimed at “developing a more effective and sustainable response to disasters in Australia.” On Thursday …
Lehman Brothers Holdings has been sued by a reinsurer that wants control of $450 million it said it pledged to secure various obligations, and which should not be given to Lehman creditors. Pulsar Re, a Bermuda-based reinsurer and an investment …
Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it has also lowered its financial strength ratings and long-term …
Bermuda-based PartnerRe Ltd. announced that during the January 1, 2011 treaty renewal season it “expects to write and bind approximately $1.8 billion of Non-Life treaty premium. On a constant foreign exchange basis, this represents a decline of 16 percent from …
XL Insurance, the global insurance operations of the XL Group, announced the appointment of Cristiana Báez-Safa as Chief Underwriting Officer Professional Lines for its Commercial Risk business outside of North America. She is based in Paris and reports to William …
When an agency talks to me about working with them on their best practices, they often think this only about how to do their work with their agency management system. However, best practices are so much more. I start with …
Fort Wayne, Ind. – January 28 2011 – K&K Insurance, a division of Aon Underwriting Managers and a managing general underwriter offering insurance products and services to the sports, leisure and entertainment industries, has announced a new K-12 accident medical …
“Hey, Honda Civic, my friend, stay in your lane. This is a friendly message from the Ford Focus to your right.” “Well hello there, Ms. Lexus. How about letting up on the gas a bit? It’s dark and the roads …
The U.S. Chemical Safety Board believes either metal shavings or dust were the source of an explosion that killed three men in a West Virginia factory, but the investigator in charge said his team has yet to determine which form …
OneBeacon Technology Insurance, a member of the OneBeacon Insurance Group, appointed Mary Fisk-Bieker as vice president and Central and Eastern Territories Underwriting manager. Fisk-Bieker brings more than 25 years of insurance experience to OneBeacon, 23 years of which have focused …
