A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Zurich Financial Services (ZFS) and its subsidiaries. Best also …
Britain and Ireland warned consumers Sunday not to eat any Irish pork products after tests revealed they may be contaminated with toxic dioxins. The Irish government has ordered a recall of all domestic pork products from shops, restaurants and food …
ACE Europe has appointed Jim Duncan as Property & Casualty Country Manager for Ireland, based in its Dublin office. He will assume full management responsibility for ACE’s P&C product lines distributed through its Belfast and Dublin offices. He has extensive …
The Bermuda-based Max Capital Group announced that the estimated total return on its overall investment portfolio including investment income for the two months ended November 30, 2008 is a negative 0.3 percent and for the year through November 30, 2008 …
HCC Insurance Holdings Inc. announced it has executed an agreement to acquire Surety Company of the Pacific (SCP), a writer of license and permit bonds headquartered in Encino, Calif. This transaction is subject to approval of the California Department of …
ACE Europe has announced the appointment of Colin McKellar as Director of Scotland, based in its Glasgow office. He “will assume full management responsibility for all Property & Casualty (P&C) and Accident & Health (A&H) product lines in Scotland,” said …
The Independent Insurance Agents of North Carolina elected Neil T. Annas as the association’s new president for the 2008 to 2009 term. Annas, president of Granite Insurance Agency Inc. in Granite Falls, N.C., was elected during the 111th IIANC Annual …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Park Assurance Company of Burlington, VT, both with stable outlooks. “The ratings reflect Park’s strong balance sheet, excellent liquidity and conservative …
The Bermuda-based Max Capital Group has completed the previously announced acquisition of Imagine Group (UK) Limited, a Lloyd’s insurance operation, from Imagine Insurance Company Limited. “Imagine Lloyd’s managing agent will be renamed Max at Lloyd’s Ltd.,” said the announcement. “The …
Standard & Poor’s Ratings Services has assigned its ‘A’ counterparty credit and financial strength ratings to Arch Reinsurance Europe Underwriting Ltd. (Arch Re Europe), a newly formed Ireland-based operating subsidiary of the Bermuda-based Arch Capital Group Ltd. S&P also said …
