Element Re Capital Products Inc., an XL Capital company and provider of weather and energy risk management products, is changing its name to XL Financial, Weather & Energy Inc (“XL Weather & Energy”). President and COO of XL Weather & …
Rodger Lawson, president of the Alliance of American Insurers, has urged Congress to enact meaningful medical malpractice liability reforms, in order to avert a growing crisis fed, in part, by the growing number and size of malpractice claims. Lawson called …
Foodbank Volunteers (left to right)Paul Wagner, GeneralCologneRe Chapter President, Jim Brown, Allianz Insurance (left to right)Tracy Levington, CologneGeneralRe, Sharon Heard, Farmers Insurance Volunteers from the Los Angeles Chapter of CPCU, in association with the Insurance Industry Charitable Fund’s Bridge Week, …
In his inaugural speech as Chairman of Lloyd’s of London, Lord Levene confirmed that the U.S. continues to be Lloyd’s largest single market accounting for approximately 40 percent of its business. He announced Thursday the volume of U.S. premium income …
Nev.-based Sierra Health Services Inc. announced that it has retained Banc of America Securities to explore strategic alternatives for the company’s workers’ compensation company, CII Financial Inc. Such alternatives may include a sale, spin-off or management buyout. “Since its acquisition …
Following remarks by President Bush, Thursday in Scranton, Pa., where he addressed the medical malpractice insurance crisis sweeping the nation, a letter was forwarded to the White House from a group of doctors. January 16, 2003 The Honorable George W. …
The Hartford Financial Services Group has purchased renewal rights to a significant portion of the Kemper Insurance Companies group captives business. “The Kemper captives are similar to The Hartford’s existing alternative risk offerings and will increase The Hartford’s share of …
Australian broker Sandy Ross correctly pointed out that yesterday’s article concerning the Board changes at NRMA omitted the fact that the organization is now essentially a motoring services provider. Its insurance activities were separated into a private company, and renamed …
C. Russell Fletcher III, Chief Reinsurance Officer of Montpelier Re, a Bermuda-based reinsurer formed last year by the White Mountains insurance group, offerred his analysis of the current trends in the reinsurance market to The Association of Insurance and Financial …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on West Virginia-based Farmers & Mechanics Mutual Insurance Co. to ‘Bpi’ from ‘BBpi’ “because of F&M’s continuing weak operating performance, geographic concentration, and …
