Senator Presses Tech Firms, Car Makers to Develop Distracted Driving Solutions February 7, 2014 By Jeff Plungis A top U.S. senator is vowing to pursue rules governing in-vehicle use of mobile phones and Internet-connected entertainment systems unless...
Ratings Recap: Third Point Re, Sava Re, NEWGT February 7, 2014 A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of...
Hannover Re Confirms 2014 Profit Forecast despite Decreased Revenues February 7, 2014 By Oliver Suess Hannover Re, the world’s third- biggest reinsurer, confirmed its profit target for this year even as the prices it charges...
Best Establishes Latin American Subsidiary Based in Mexico City February 7, 2014 A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office...
Montpelier Reports $73.4 Million Q4 Net Income; FY $191.2 Million February 7, 2014 Bermuda-based Montpelier Re Holdings Ltd. reported net income of $73.4 million for the fourth quarter of 2013, compared to a...
XL Group Names Eaton and Cole to Senior Marine Team Positions February 7, 2014 XL Group said it has “has strengthened its Marine team by appointing Jonathan Eaton as Chief Underwriting Officer, Global Cargo...
SCOR’s GWP up 8% in 2013; 5% for January 1 Renewals February 7, 2014 France’s SCOR Group confirmed that the reinsurer “booked 8 percent gross written premium growth (at constant exchange rates) for the...
ACE Appoints Lee Head of Client Management, UK & Ireland February 7, 2014 The ACE Group has announced the appointment of Nick Lee as Head of Client Management, UK & Ireland. He reports...
Mass. Proposes Corporate Tax for Insurer-Owned Pass-Through Entities February 6, 2014 By Young Ha As part of his administration’s plan for new tax revenues, Massachusetts Gov. Deval Patrick recently proposed applying a corporate tax...
Hanover Insurance Group Swings to Q4 Profit a Year After Sandy February 6, 2014 By Young Ha The Hanover Insurance Group Inc. in Worcester, Mass., reported net income of $70.1 million for its 2013 fourth quarter, improving...