The SAN Group independent insurance agency network in the Northeast reported continued growth, having added four new independent agency members during the first quarter of 2004! SAN is now comprised of 165 members writing over $205 million of property and …
California-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, announced that final values for its regional weather indexes show that temperatures in the winter of 2003 were near the 10-year average …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘BBB’ counterparty credit and financial strength ratings on Atlantic Specialty Insurance Co. (Atlantic Specialty) and removed these ratings from CreditWatch. It subsequently withdrew the ratings at the company’s request. …
AXIS Capital Holdings Limited announced that it has filed an amendment to its registration statement on Form S-1 with the Securities and Exchange Commission in connection with its proposed secondary offering. The amended registration statement relates to the sale of …
ING Insurance, the leading automobile insurer in the Canadian Province of New Brunswick, indcated that drivers there could reap more substantive savings than those offered by the Select Committee on Public Automobile Insurance if private insurers were to continue offering …
Bermuda-based Arch Capital Group Ltd. announced that Paul Ingrey, Chairman and CEO of reinsurance operations, has been appointed Vice Chairman of the Company through October 2007. “Mr. Ingrey came out of retirement in late 2001 and made a commitment to …
Insurance Australia Group Ltd. (IAG) chief executive Michael Hawker warned that global warming seems to be leading to an increased incidence of high-cost storms and floods in Australia and New Zealand. Hawker made the remarks in a speech to the …
A resolution that calls for a study of the need to prohibit insurance companies from owning auto repair facilities was deferred indefinitely following a hearing on the issue in Honolulu recently. Senate Concurrent Resolution 94 would direct the Legislative Reference …
Increasingly, life and health insurers are underwriting man-made catastrophic risks involving deaths and disabilities resulting from terrorists making use of nuclear, biological and chemical weapons, according to the latest LOMA study on risk exposure for the insurance industry. “The New …
Key members of the National Association of Insurance Commissioners (NAIC) are urging Congressional leaders to act this year on a federal solution that will ensure insurance marketplace stability and economic security as the expiration of the Terrorism Risk Insurance Act …
