AM Besthas revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Ratings of “bbb-” of Georgia Farm Bureau Mutual Insurance Co. and Georgia Farm Bureau Casualty Insurance Co., …
More than half of in-scope market risks were placed electronically in the London and Lloyd’s markets during the second quarter, surpassing targets placed on the Platform Placing Ltd. (PPL) and other recognized electronic placement systems. The target for this quarter …
The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb. 10, 2019, has risen to A$1.22 billion (US$827.1 million), according to PERILS, the independent Zurich-based organization that provides catastrophe insurance …
Markel Corporation has named John Lecci as senior director of Professional Liability. He will be heading up the New York-based US Professional Errors & Omissions team. Lecci was most recently employed by Axis, where he was responsible for underwriting management …
A Wilmington, Del., woman was indicted by the New Castle County Grand Jury for insurance fraud and other felony charges. Theresa T. Milton was indicted on seven felony counts of insurance fraud, one felony count of theft by false pretense …
AM Best has assigned a financial strength rating (FSR) of A (excellent) and the long-term issuer credit rating (long-term ICR) of “a+” to Reamstown Mutual Insurance Company. The outlook assigned to these credit ratings is stable. Concurrently, AM Best has …
The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster CCTV reported, as the country braced for more travel disruptions as the storm moved further north up the coast. Typhoon …
Chicago-based HDI Global Insurance Co. (HDI) has named Patricia Ryan as senior vice president, general counsel and corporate secretary. Ryan succeeds David Neumeister who after more than a decade with HDI, has decided to return to private practice. Ryan will …
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller businesses in the U.S. and Mexico, including its industry vertical …
Empire Underwriters, a leading national insurance wholesaler, excess and surplus lines facility and program manager has released a new workers comp program for truckers, tow truck operators, and delivery companies backed by several “A” rated carriers. With the launch of …
