XL Insurance (Bermuda) Ltd., a subsidiary of XL Capital Ltd., announced that its Bermuda-based professional lines insurance operation has added fiduciary liability coverage to its directors and officers insurance policy. The expanded policy, known as “A PLUS D&O”, replaces XLIBL’s …
Bermuda-based AXIS Capital Holdings Limited reported net income for the third quarter of $6.3 million, or 4 cents per diluted share, compared to $147 million, or 90 cents per diluted share, for the third quarter ended September 30, 2003. Net …
Swiss-based Converium announced that Group CFO and Executive Vice-President Martin A. Kauer intends to leave the Company effective early 2005. “The Board of Directors has taken note of Mr. Kauer’s intended departure and thanks him for his efforts for Converium …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Czech insurer Ceska pojistovna a.s. (Ceska) to “BBB” from “BBB-.” S&P also raised its long-term senior unsecured debt rating on …
Bermuda’s Arch Capital Group Ltd. announced that Paul Ingrey, vice chairman of the company, has been appointed chairman of the Underwriting Oversight Committee of the Board of Directors. The bulletin described the Committee, which was formed at the request of …
Standard & Poor’s Ratings Services announced that it has assigned its ‘”A-” insurer financial strength rating to U.K.-based non-life insurer MMA Insurance PLC with a negative outlook. “MMA Insurance PLC is a midsize, U.K.-based broker-only insurer, underwriting both personal and …
The position of plaintiffs’ lawyers on possible changes to Arizona laws governing medical malpractice lawsuits is partly echoed by Democratic Gov. Janet Napolitano, an attorney on inactive status. Napolitano said this week that capping some damages without including insurance reform …
A Minnesota-based insurance company is dropping medical malpractice coverage for doctors who practice in Wyoming, a Gillette insurance agent said recently. “I’m sure there’s a lot of factors involved” in Midwest Medical Insurance Co.’s decision to limit the coverage, said …
Workers’ compensation writers in New Hampshire want an average 2.5 percent hike for voluntary market advisory loss costs and a 12.7 percent average increase in residual market premiums, according to the most recent filing from the National Council on Compensation …
Arthur J. Gallagher & Co. Acquires The Kooper Group, Inc. Arthur J. Gallagher & Co. (NYSE: AJG) of Itasca, Ill., announced the asset acquisition of The Kooper Group, Inc. of New York City from Heath Lambert Holdings Limited. Terms of …
