A Coconut Creek area insurance agent has surrendered his license after pleading guilty to securities fraud, according to the Florida Department of Financial Services. Investigators with the department discovered that Daniel Alan Camm, 35, pleaded guilty to two felony counts …
Hull & Company has acquired the business of Mile High Markets Inc. in Englewood, Colorado. Mile High provides rental car insurance in the United States. “The unique niche that Virgil Burnside and his team have built at Mile High over …
Larry E. Adair, Speaker of the Oklahoma House of Representatives, announced the names of the special investigative committee charged with considering articles of impeachment against state Insurance Commissioner Carroll Fisher, as directed under the recently adopted House Resolution 1040. Adair …
MarketScout, based in Dallas, announced it has selected Strategic Risk Solutions (SRS) as a “Best of Class” provider in the captive insurance market. According to MarketScout, SRS is the leading provider dedicated to captives and alternative risk transfer solutions. SRS …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of French reinsurer SCOR and its core subsidiaries as well as the ratings on debt instruments issued or guaranteed by SCOR. This effectively removes …
USI Holdings Corporation announced that it has acquired New York City-based Bertholon-Rowland Corp. (BR). Terms of the transaction were not disclosed The acquisition “creates the one of the largest offerings of program lawyers professional liability in the U.S.,” said the …
Prem Watsa, Crum & Forster Holdings Corp.’s current Chairman and CEO and the company’s parent, Canada’s Fairfax Financial Holdings Limited, announced that Nikolas Antonopoulos, who has been President and COO of Crum & Forster’s operating companies since May 2000, has …
After Moody’s and Standard and Poor’s, A.M. Best Co. announced that it has made several adjustments to the ratings of Travelers and The St. Paul as a result of their recent merger. Best said it has downgraded the financial strength …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Top Layer Reinsurance Ltd. (Bermuda) with a stable outlook. “The rating reflects the substantial amount of support the company receives from its co-owners, State …
According to news reports ACE Limited’s initial public offering of its credit unit, Assured Guaranty, is set to raise approximately $1 billion. ACE is spinning off the Bermuda-based operation, which specializes in financial guarantees, including credit derivatives, which improve the …
