Oil Insurance Limited (OIL), the Bermuda-based mutual company, which currently insures 83 energy companies, was heavily impacted by 2004’s hurricanes, especially Ivan. The storm’s “slow track across the Gulf of Mexico proved to be the costliest hurricane ever for the …
ACE European Group announced the creation of three new business units “to target growth opportunities in specific property and casualty (P&C) business lines in the UK and Ireland.” The new units are ACE Commercial Risks, ACE Affinity Risks and ACE …
Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based non-life insurers AXA Insurance U.K. PLC and AXA General Insurance Ltd.–collectively known as AXAI–to stable from negative, “reflecting improving operating performance and capitalization.” S&P also affirmed …
The Bermuda-based Arch Capital Group Ltd. announced that, in line with the succession plan that the company has in place, Robert Clements, founder and chairman of the company, will be stepping down as chairman and a director. He will continue …
The U.K.’s Chartered Insurance Institute (CII) has announced two new appointments, Jessica Yeoh as the first manager of the recently created Faculty of Insurance Broking and Rose Yeomans as business development manager for the Midlands. Yeoh joined the CII in …
John C. Laurie has been appointed a member of the board of directors of Northern Capital Inc. of Miami, Fla., the holding company for Northern Capital Insurance Co., a property and casualty company formed recently to provide homeowners coverage to …
On March 16, investigators from the Fresno County Urban Organized Auto Insurance Fraud Task Force and officers from the Stockton Police Department arrested Amberjeet Kaur Gill (aka Amber Gill, Amber Jeet Kaur Gill, Harjinder Kaur Gill), of Stockton; Pete Vargas, …
Service Insurance Company of Bradenton, Fla., hit with customer losses of more than $100 million in the four hurricanes that swept Florida in 2004, has received notice that it has been removed from A.M. Best’s rate review process and assigned …
State Representative Mike Hill, R-Shelby County, was honored by the Alabama Independent Insurance Agents on March 17th as AIIA’s “Lawmaker of the Year” in an award presentation in Montgomery, Ala. to kick off its annual Young Agents Legislative Conference, during …
The only problem Dee Robison has with her favorite Doberman pinscher, Darby, is that the 90-pound pooch gets a little jealous when she turns her attention toward the television. “He’ll just stand there with his face in my face,” she …
