Boston-based Liberty Mutual Group announced that it has appointed Tim Rose as the new president of Liberty Mutual Property, replacing Doug Nelson who advanced to executive vice president of the company’s Business Markets operations. It also announced the formation of …
Standard & Poor’s Ratings Services made several announcements concerning PMA Capital Corp.’s (PMACA) credit ratings. It has lowered its counterparty credit rating on PMACA to “CC” from “B” and removed it from CreditWatch, where it had been placed on Nov. …
Florida’s Brown & Brown, Inc announced the asset acquisition of Doyle Consulting Group, Inc. and Doyle Consulting Group of New Jersey, Inc. with offices in Philadelphia, Penna. and Woodbridge, N.J. by a Delaware subsidiary of B&B, effective February 1, 2004. …
The Insurance Institute of America (IIA) has published a new, third edition, of its Ocean Marine Insurance textbook, one of two required texts for the AMIM 121—Ocean Marine Insurance course. The textbook covers marine insurance fundamentals, ocean cargo insurance and …
Bermuda-based Max Re Capital Ltd. announced the resignation of Mr. Stephan Bub from the Company’s Board of Directors. The Board also declared a quarterly dividend of US$0.03 per common share, payable on February 23, 2004, to shareholders of record on …
Roy Perry, a British Conservative member of the European Parliament, has called for an investigation by the European Court of Justice, the EU’s highest court, of the accusations against Lloyd’s and the U.K. government over the handling of investments by …
Global insurance broker Willis Group Holdings Limited announced that it has filed a new shelf registration statement with the Securities and Exchange Commission which up-dates the one filed last April in order to register all of the approximately 35.8 million …
Gahanna, Ohio-based insurance software vendor Strategic Insurance Software Inc. collaborated with Ohio Casualty Group to provide SIS WebLink real-time inquiry to their agencies using SEMCI PARTNER system. Ohio Casualty, headquartered in Fairfield, Ohio, now joins several other companies certified for …
Beginning in March, a new Minnesota law designed to get uninsured drivers off the road will require proof of insurance from both a random sampling as well as “problem drivers” who have previous convictions on their records. “The law was …
The financial strength rating of East Lansing, Mich.-based medical liability insurer American Physicians Capital Inc. has been downgraded to “B+” from “B++” by A.M. Best Co. This action, according to Best, reflects a reduction in the company’s risk-adjusted capital and …
