Bermuda-based PartnerRe Ltd. announced the repurchase of 2 million shares of its common stock in an accelerated share repurchase agreement. The bulletin, released Friday, Dec. 23, said the shares would “be purchased by PartnerRe from Deutsche Bank AG London Branch …
Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” counterparty credit and financial strength ratings on Toa Reinsurance Co. of America, reaffirmed its negative outlook, and said it considers the company to be a core subsidiary of …
Ratings agency A.M. Best Co. has assigned a financial strength rating of “A-” (excellent) to Missouri Employers Mutual Insurance Co. The rating outlook is stable. The rating reflects Columbia, Mo.-based company’s improved capitalization, good operating profitability and strong market profile …
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that its California domiciled insurance subsidiaries have received letters of inquiry from the California Department of Insurance (CDI) requesting information about Zenith’s arrangements and dealings with its agents and brokers. In its …
Maryland Governor Robert L. Ehrlich, Jr., on Dec. 22 provided Senate President Thomas V. Mike Miller and House Speaker Michael E. Busch a copy of the medical malpractice legislation that will be introduced during special session of the General Assembly …
A Wethersfield, Conn. insurance agency has pleaded guilty to making illegal campaign contributions to disgraced former Waterbury Mayor Philip Giordano, who is in prison for sexually abusing two girls. Five employees of Arthur A. Watson & Co. and their spouses …
Carvill, a leading reinsurance intermediary in Specialty business, announced the signing of an agreement in principle to sell its West Coast operations to an investment group headed by their current President, Brendan Roche, and to establish an ongoing relationship with …
Gibson & Company Insurance Brokers Inc. recently completed its move to a new office building in Lawndale, Calif. The new address is as follows: Gibson & Company Insurance Brokers Inc. 15901 Hawthorne Blvd. Suite 200 Lawndale, CA 90260 Phone and …
The total number of tornadoes reported in the United States reached a record high during the year 2004, surpassing the previous record by almost 300, according to officials at NOAA’s Storm Prediction Center in Norman, Okla. The findings are based …
In one of the largest awards of its type in the history of California’s workers’ compensation system, State Fund has won a $14.6 million judgment against two Rancho Cucamonga businesses that reportedly used an elaborate ‘shell game’ to avoid paying …
