Virginia-based Markel Corporation reported that several of its subsidiaries have received document requests or administrative subpoenas from state insurance departments related to producer compensation arrangements. The bulletin said Markel’s management “believes these requests are part of broad surveys of industry …
Bermuda’s ACE Limited has announced several executive appointments, as follows: — Andrew Kendrick, currently president and CEO of ACE Bermuda, has been named chairman and CEO of ACE European Group. — Keith White, presently chief administration officer of ACE Limited, …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of South Korea’s Oriental Fire & Marine Insurance Company Ltd. with a stable outlook. “The rating reflects Oriental’s consistent and stable operating performance, high-quality …
Bermuda-based AXIS Capital Holdings Limited announced the closing of its public offering of $500 million of senior notes due 2014. The senior notes will bear interest at 5.75 percent per year and, unless previously redeemed, will mature on December 1, …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of South Korea’s Dongbu Insurance Company Limited with a stable outlook. “The rating reflects the company’s excellent capitalization, solid market position and persistency in operating …
Peoria, Ill.-based specialty insurer RLI Corp. said it has received a subpoena from the Illinois Division of Insurance in connection with industry-wide investigations into producer compensation agreements. Company management said in a statement that it is confident that RLI is …
The Cincinnati Financial Corp. announced that at its regular meeting on Nov. 12, 2004, the board of directors received and accepted the request of Robert C. Schiff to retire, effective immediately, from boards of the parent company and its four …
The Ohio Medical Malpractice Commission will hold its 18th meeting tomorrow at 1 p.m. EST. The commission will hear testimony regarding the feasibility of a patient compensation fund, the effectiveness of medical malpractice caps and the effect of tort reform …
Kansas City-based underwriting manager and claims administrator Euclid Managers has developed a new Web log devoted to Internet, tech and media liability insurance hot topics, including coverage analysis, recent case law and industry current events. The blog is open to …
Irvine, Calif.-based SullivanCurtisMonroe Insurance Brokerage has appointed Robert W. Sanders and Camilla A. Marlowe as vice presidents, announced President John Monroe. Sanders specializes in commercial insurance and has 20 years of experience in the insurance industry. He was previously employed …
