Zurich Global Energy® announced that Derek Ratteray has been appointed as Sr. VP of its International Casualty unit, based in Pembroke, Bermuda, effective February 1. “Ratteray will be responsible for providing non-U.S. clients with both traditional and innovative casualty concepts …
Alea Group Holdings (Bermuda) Ltd.(AGH) announced that it has received an additional $90 million of new equity capital from institutional investors, bringing the Group’s total operating capital to $600 million. AGH was recently formed in Bermuda to bring together the …
A.M. Best announced that it has downgraded the financial strength rating to A (Excellent) from A+ (Superior) of the U.K.’s Royal & Sun Alliance Insurance Group (RSA), and continues to have a “negative outlook”. it also lowered RSA’s subordinated debt …
While Swiss Re and other insurers are in federal court facing Silverstein Properties, the master lease holder of the World Trade Center, General Motors Acceptance Corp. has filed an action in State Court, seeking a share of the funds, around …
The New York State Insurance Department’s Frauds Bureau (FB) set new records last year for the investigation and apprehension of persons suspected of committing insurance fraud in the State. I investigations resulted in 534 arrests, a 10 percent increase over …
Risk Management Solutions (RMS) announced that its annual Client Conference will be held March 11-14, in San Francisco, at the Westin St. Francis Hotel. The conference’s focus, shaped by direct feedback from RMS clients, will center on “Risk Management In …
San Diego-based DriveCam Video Systems announced positive results from the completion of a 12-month intensive insurance study. Fleets in the study reduced physical damage from collisions by 35 to 99 percent by using the DriveCam video event data recorder. Initiated …
The California Insurance Wholesalers Association has thrown its support behind Assemblyman Tom Calderon in his race for state insurance commissioner. Calderon, who has received the support of The United Farm Workers, AFL-CIO, The Service Employees International Union; United Food and …
MetLife Auto & Home has signed on as a company partner of Trusted ChoiceSM the new consumer marketing brand created by the Independent Insurance Agents of America (IIAA), announced IIAA CEO Robert A. Rusbuldt today. “Trusted ChoiceSM highlights the benefits …
The National Association of Independent Insurers (NAII) has reiterated its support for the U.S. General Accounting Office’s (GAO) call for the Department of Transportation (DOT) to develop a detailed, operational plan to ensure that Mexican carriers comply with U.S. safety …
