Ebix Inc., a supplier of software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement. The merger agreement, announced on May 1, …
The U.S. Supreme Court ruled on Thursday that an arbitration agreement prevents merchants from bringing class action claims against American Express Co . The nine-member court ruled on a 5-3 vote, with liberal Justice Sonia Sotomayor recused, that American Express’s …
In spite of videoconferencing, social media and other new technologies, many businesses depend on their key executives and top sales people to travel overseas to meet with clients in person, to negotiate with foreign business leaders and to explore potential …
A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) and issuer credit rating to “bb+” from “bbb-” for American European Insurance Company and its wholly owned subsidiaries, Rutgers Casualty Insurance Company and Rutgers Enhanced …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S. subsidiaries. Best has also affirmed the ICR of “bbb” of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “aa-” from “a+” of the subsidiaries of ProAssurance Corporation (PRA). These include: ProAssurance Casualty Company, based in …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty subsidiaries and affiliated insurance companies (P&C Group) of Kemper Corporation. Best has also affirmed the FSRs of …
“Public disclosure of a company’s social issues is good, but by itself does not show that the risks are under control,” the Federation of European Risk Management Associations (FERMA) has told the European Commission (EC) and European Parliament. “For numerous …
Lockton announced the appointment of Tony Gusmão as CEO of its Brazilian businesses. He has more than 20 years of experience, primarily in Employee Benefits, having run consulting and actuarial firms in South Africa and the UK. Longtime Lockton Brazil …
Much of Bangkok could flood within the next two decades if global warming stays on its current trajectory, as sea levels rise and cyclones intensify, the World Bank said in a new report on Wednesday. The flooding of 40 percent …
