GE Insurance Solutions has announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit. Field Operations Leader Tim Heinze said the unit has had a “great year,” and now had “the opportunity to add …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of South Korea’s Hyundai Marine & Fire Insurance Company Limited (HMFI) with a stable outlook. “The rating reflects HMFI’s strong market position, consistent investment performance …
Bermuda-based Montpelier Re Holdings Ltd. announced that certain of its founding shareholders had sold an aggregate of 3,500,000 common shares of the Company under the Form S-3 shelf registration statement which was declared effective on February 23rd, 2004. The bulletin …
A.M. Best Co. announced that it has withdrawn ratings on Denmark’s Tryg-Baltica International Insurance Company A/S and Lloyd’s Syndicate 1243, as they have been placed into run off. Both companies, who are not related, have been classed as “NR-3” (Rating …
St. Paul Travelers announced the debut of a new Web site housing more than 1,400 risk management resources for customers, agents and brokers. Resources are said to include the latest research reports and news on safety topics and trends, detailed …
Southfield, Mich.-based alternative-risk carrier Meadowbrook Insurance Group Inc. announced that it has successfully executed a replacement credit facility for up to $25 million. This revolving line of credit will expire on Nov. 11, 2007, and replaces the company’s previous line …
California Insurance Commissioner John Garamendi called for a 2.2 percent reduction pure premium rates for workers’ compensation insurance in a Nov. 17 conference call to the media. “My current advice to the industry is that the cost of claims for …
American Driving Records (ADR), a wholly-owned subsidiary of First Advantage Corporation and Fiserv FSC Inc. announced the launch of a new software interface that will allow California and Arizona insurance agents to order a motor vehicle report and import the …
ECM Insurance Services, a San Francisco-based management liability and property & casualty insurance wholesaler, announced the appointment of Richard Cho as assistant vice president in its Los Angeles office. Cho will focus on business development in the Western United States …
A.M. Best Co. has upgraded the financial strength rating to B++ (Very Good) from B+ (Very Good) of Sierra Health Services Inc.’s core HMO subsidiaries, Health Plan of Nevada Inc. (both of Las Vegas, Nev.), and its health insurance company, …
