Sr. VP François Reach has become the first senior manager to leave France’s SCOR group following the appointment of Denis Kessler last November as the new CEO, succeeding Jacques Blondeau. Kessler, who also heads the French insurance industry trade group, …
A.M. Best Co. announced that it will consolidate all Canadian operations previously conducted by its Toronto office into its corporate headquarters in Oldwick, New Jersey in what it termed an effort to “streamline its Canadian rating and data reporting operations, …
The Philadelphia Dance Company (PHILADANCO) announced that it has received financial support from the ACE Group of insurance and reinsurance companies through the ACE INA Foundation, which is based in the city. The charitable organization established by ACE INA, has …
Penn Treaty American Corp. announced that it has entered into a reinsurance agreement for new long-term care insurance policies with Bermuda-based Centre Solutions Limited. “The Agreement, which is effective for all new long-term care insurance policies written after December 31, …
The New Hampshire Supreme Court recently reversed a lower court ruling that permitted compensation under uninsured motorist coverage to an employee who was injured by a co-worker while both were on the job. “The Supreme Court’s decision in Trombley v. …
The work stoppage by a number of West Virginia surgeons protesting the high cost of medical malpractice insurance showed signs of easing, as several doctors indicated they would return to their posts. The decision comes at least partly in response …
Philippe Donnet, the head of AXA Corporate Solutions in Paris, announced some major changes in the division, including a retreat from the U.S. market for financial guarantees and curtailing U.S. reinsurance operations. AXA Corporate Solutions will be restructured around three …
eAutoclaims Inc., a Florida-based company that provides online claims management solutions for the auto insurance industry, secured an equity line of credit for up to $10 million over a period of three years, subject to a final definitive agreement and …
Experts say the crash of a US Airways commuter flight in North Carolina will likely cost the insurance industry tens of millions of dollars, according to the Charlotte Observer, but it will probably not affect airline’s plans to emerge from …
United Heritage Mutual Holding Company announced that it has signed a “mutual holding company merger agreement” with Sublimity Insurance Company, which will add the Oregon-based company as the fourth business entity to United Heritage Financial Group Inc. Upon approval by …
