Bermuda’s RenaissanceRe Holdings Ltd. announced an offering to sell $100 million in 10-year senior notes. It expects to use the net proceeds for general corporate purposes. The company indicated that it had originally filed a shelf registration statement relating to …
Moody’s Investors Service announced that it has placed the guaranteed Aa3 senior and A1 subordinated and junior subordinated debt ratings of Belgian-Dutch financial services group Fortis Finance N.V. “on review for a possible downgrade.” Also included in the review are …
Assurex Global, the owner operated risk management and commercial insurance brokerage group, announced further expansion, as it accepted Ecuaprimas Cia. Ltda. of Guayaquil, Ecuador – Risk Solutions Limited of Auckland, New Zealand – Shaw Sabey & Associates Ltd. of Vancouver, …
Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has launched a new business unit to provide excess general liability insurance. Angelo M. Guagliano, formerly an executive with XL Insurance Ltd., has been named Managing Director and …
The Coalition for Affordable and Reliable Health Care (CARH) praised President Bush’s call Tuesday evening in his State of the Union address for action by the 108th Congress to resolve the crisis in patient access to health care by promoting …
Moody’s Investors Service has assigned Baa1 ratings to two issues of senior unsecured debt of SAFECO Corporation and has affirmed the company’s ratings with a stable outlook. Moody’s assigned its Baa1 rating to SAFECO Corp.’s issuance of $200 million 4.20 …
The California Department of Insurance (CDI) announced Jan. 28 that it recently led a multi-agency law enforcement fraud investigation that resulted in the arrests of 15 individuals. The arrests by CDI’s Urban Auto Fraud Task Force are the result of …
Superior Access Insurance Services recently added several new admitted markets for workers’ comp. Available in most states, these programs are available both online and off and are competitively priced. Some of the classes currently being written are transportation, janitorial/building operations/habitational, …
A trucking executive convicted in federal court for defrauding the town of Cicero, Ill., of $12 million-plus in an insurance scheme was sentenced to more than 12½ years in prison, according to the Chicago Tribune. John LaGiglio set up an …
Texas-based Summit Environmental Corporation Inc. announced an alliance with Davis-Garvin Insurance Agency of South Carolina and FireGuard Automated Fire Suppression Systems, designed to increase safety and reduce premiums for logging and timber operators. FireGuard will be using FlameOut® in its …
