A.M. Best Co. announced that it has affirmed the A- (Excellent) financial strength rating of Sweden’s Erika Insurance Ltd. (publ). “The outlook remains negative, “said Best, “factoring in uncertainties being faced within the travel sector.” Best noted that the rating …
Benfield Group Limited, the world’s leading independent reinsurance intermediary, announced the sale of Wildnet Group Limited, a subsidiary providing technology solutions to the insurance and reinsurance industry, to a consortium of private investors and current management of the company. The …
Speaking to business leaders in San Francisco at the World Affairs Council, Lloyd’s Chairman Peter Levene warned that new global risks increasingly threaten corporations, and need to be addressed at the boardroom level. Calling the situation a “New Era of …
Columbus, Ohio-based Title First Agency Inc., a leading title insurance agency and real estate information company with offices throughout Ohio, Indiana, Kentucky, Michigan and West Virginia, announced the launch of Insurance First Agency Inc., a full-service independent property/casualty insurance agency …
Chicago-based auto claims software maker CCC Information Services Group Inc. reported net income of $6.2 million, or 22 cents per share, for the first quarter of 2004, compared to net income of $6 million, or 22 cents per share, for …
Cincinnati-based insurer the Great American Insurance Group has promoted Keith A. Jensen to executive vice president. Prior to this promotion, Jensen was senior vice president and chief financial officer of the company. In his new role, Jensen continues to serve …
Chicago-based CNA insurance companies and Affinity Insurance Services, a subsidiary of Aon Corp., have jointly introduced Agency Advantage, a new professional liability insurance program for property/casualty agencies. Agency Advantage offers flexibility to design coverage and limits based on the needs …
The Institute for Business & Home Safety (IBHS) has elected Dale Hammond as its chairman. Hammond is president and chief operating officer of Kemper Auto and Home, A Unitrin Company, based in Jacksonville, Florida. He was previously vice chair of …
An official of the National Association of Mutual Insurance Companies (NAMIC) said that his organization is disappointed that Georgia lawmakers were unable to enact significant tort reform legislation this year related to the state’s medical malpractice liability crisis. “It is …
The Florida Surplus Lines Association announced it will hit the waves at its 44th Annual Convention, July 29 – Aug. 2, 2004. For the first time, the convention will take place on a four-night cruise out of Ft. Lauderdale, Fla. …
