The head of Louisiana Medical Mutual Insurance Co., Louisiana’s largest provider of medical malpractice insurance, is stepping down, according to Biz New Orleans. President and Chief Operating Officer Henry J. Jumonville has served the company, known as LAMMICO, for 23 …
Beneficial Savings Bank announced that its wholly owned subsidiary, Beneficial Insurance Services, has acquired Philadelphia-based insurance brokerage firm Paul Hertel & Company. Beneficial, through Hertel, will now provide individual and business customers full access to an array of property, casualty, …
Some Maine motorists are angered over a new law under which motor vehicle registrations can be suspended if an insurance company notifies the state of a motorist canceling or failing to pay insurance. So far, more than 5,000 Mainers have …
Owners of a Warwick, Rhode Island nightclub where 100 people died in a fire and the former manager of the band whose pyrotechnics sparked the blaze won’t stand trial on involuntary manslaughter charges for at least a year, according to …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A++” (Superior) of National Indemnity Group. The rating also applies to National Indemnity Company and its eight affiliated non-life and life insurance companies that support the group’s …
In a brief announcement the Munich Re Group said its consolidated profit for the year 2004 would be between 1.7 and 1.9 billion euros ($2.22-$2.48 billion) despite special writedowns by the HVB Group. “The HVB Group has informed us today …
Zurich Financial Services Group announced the appointment of Johnny Chen, 45, as CEO of its recently established Greater China business effective March 1, 2005. “In this newly created position, Johnny Chen will report to Martin South, CEO International Businesses Division, …
Swiss Re CEO John Coomber is perhaps the industry’s strongest advocate for turning to the capital markets to securitize risks. So it’s no surprise when the world’s second largest reinsurer announced that it has successfully completed its first securitization of …
Dublin-based Research and Markets announced that it has issued a new report covering the major national and international institutions that regulate the financial services industry. R&M said, “this major new publication provides detailed, consistently presented information for over 300 institutions. …
Standard & Poor’s Ratings Services announced that it has assigned its ‘B’ long-term counterparty credit and insurer financial strength ratings to Russia-based (re)insurer Moscow Reinsurance Co. (Moscow Re) with a stable outlook. S&P also assigned its ‘ruA-‘ Russia national scale …
