Rhode Island-based FM Global, a commercial and industrial property insurer, has issued a statement commenting on A.M. Best’s recent decision to affirm the company’s ‘A+’ (Superior) rating, citing its “very strong earnings and cash flow generated during 2002” and “the …
The League of Women Voters of Pennsylvania announced that its 45th Biennial Convention, to be held May 30-June 1 at the Lantern Lodge Conference Center in Myerstown, PA, will feature a balanced panel discussion on Medical Malpractice Insurance with experts …
The MIIX Group, Inc., based in Lawrenceville N.J., a provider of medical professional liability insurance, announced that it has agreed to an Order with the New Jersey Department of Banking and Insurance that sets forth the framework for the regulatory …
Bermuda’s ACE Limited announced an offering to sell $300 million in preferred shares, to be issued in the form of depositary shares. ACE said it expects to use the net proceeds from the offering to make additional capital contributions to …
Another Bermuda-based company, Max Re Capital Ltd., reported a good first quarter, with net income for the period ended March 31, 2003 of $14.562 million, or $0.38 per diluted share, compared to net income of $2.6 million, or $0.06 per …
Bermuda-based Endurance Specialty Holdings Ltd., a provider of property and casualty insurance and reinsurance set up by Aon and Zurich Financial Services in 2001, announced first quarter net income of $51.201 million, or $0.86 per diluted share, compared to $3.257 …
France’s SCOR Group announced that it has successfully renewed 60 percent of its 2002 portfolio in Asia as of April 1, 2003. Japanese treaties represented 68 percent of business renewed and South Korean treaties 32 percent. “The April 1, 2003 …
Bermuda-based PartnerRe Ltd., reported excellent first quarter results with net income of $124.6 million, or $2.23 per share on a fully diluted basis, compared to net income for the first quarter of 2002 of $63.3 million or $1.13 per share. …
The Alliance of American Insurers announced that all insurance-related provisions have been successfully removed from SB 1638, a bill that would have required insurers to withhold unpaid child support from insurance claim payments. A companion bill, HB 1761, will be …
Cecil Y. Ray Jr., chairman of Fort Worth-based The Rigg Group, announced that Stephen B. Smith has joined Wm. Rigg Co. as president of the multiple-line independent insurance agency. He will be based in the Dallas office of Wm. Rigg, …
