Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, announced that it will return to the auto leasing business in Rhode Island immediately after the Governor signs a new bill limiting liability for auto leasing companies. Chase, which …
Standard & Poor’s Ratings Services announced that it has revised its outlook on various entities of U.K.-based Royal & Sun Alliance Insurance Group PLC to negative from developing. However, S&P affirmed its current long-term counterparty credit and insurer financial strength …
Swiss Re, the world’s second largest reinsurer, can’t seem to get a break. Despite reporting a 15 percent increase in gross premium volume last year, to SwF 29.1 billion ($21.2 billion) the company posted a net loss of SwF 91 …
Toronto’s Fairfax Financial Holdings announced that a London court has ruled in its favor in a case brought by a subsidiary, Sphere Drake Insurance, against underwriting agents who, it alleged, fraudulently obtained a binding authority in conspiracy with brokers, who …
Marsh & McLennan, the world’s biggest insurance broker is reportedly seeking to acquire Heath Lambert, a London-based brokerage firm for around $578 million. According to a report from Reuters News Agency representatives of Marsh Inc. have had preliminary discussions with …
ARC Excess and Surplus, LLC, established in 1986 on the east coast, has opened a west coast office in Pasadena, Calif. ARC West Coast Excess & Surplus is as a wholesale insurance broker focusing exclusively on management and executive liability …
Of the 19 states that enacted new laws in 2003 dealing with credit-based insurance scores, legislators in 13 states elected to follow the provisions of the model act developed by the National Conference of Insurance Legislators (NCOIL). The NCOIL model …
Bowling Green, Ohio-based Sky Financial Group Inc. has acquired Insurance Buyers’ Service Agency Inc. (IBS) of Boardman, Ohio. IBS is an agency that sells professional liability, personal and commercial insurance. IBS was merged with and into Sky Insurance, Sky Financial’s …
Jeffersonville, Ind.-based Service Net Solutions today announced the original owners have repurchased the 51 percent of the company that Kemper Insurance Cos. had purchased from them in January 2001. “Our relationship with Kemper was beneficial, and we were fortunate to …
According to the Texas Department of Transportation, American-made pickup trucks are the most popular vehicles for thieves to steal in the state. And those most often stolen are not necessarily new. TxDOT named the General Motors pickup, the Ford pickup, …
