Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett has acknowledged that he will voluntarily speak with investigators next month while also moving to correct several press reports concerning the ongoing investigation of certain reinsurance transactions involving his firm’s General Reinsurance …
Bermuda-based Quanta Capital Holdings Ltd., a company that provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, has announced the establishment of a new Office of Strategic Innovation (OSI). “We created OSI because we believe underwriting innovation requires …
Standard & Poor’s Ratings Services announced that Hannover Re’s 2004 results would “have no impact on the ratings or outlook on group entities.” A.M. Best Co. commented that Hannover Re’s “ratings remain unchanged following the announcement of its consolidated 2004 …
Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report, issued March 29, noted: “The unusually high burden of major …
Irvine, CA – The INSCO DICO Group announced that Stephen T. Pate has joined them as Senior Vice President of Underwriting. He will be located in INSCO’s Irvine-based headquarters and work closely with the Board of Directors and veteran Home …
Encino, Calif.-based NAS Insurance Services has appointed Robert T. Speak as Vice President in charge of its new Miscellaneous E&O facility. Speak brings 20 years of insurance experience to his new post. Previously he was a Vice President of Partners …
Massachusetts should repeal its no-fault law, end its reliance on uniform state-set rates, and remove the state antitrust exemption for auto insurers if it wants to improve its auto insurance system for consumers. That advice comes from the author of …
Los Angeles-based Brown & Riding Insurance Services announced that industry veteran Camille Anderson has joined the firm as Director of Production and Client Support Services. Anderson comes to Brown & Riding with over 30 years of insurance experience with both …
Lenore Marema has joined the Surety Association of America as vice president of government affairs. Marema’s primary duties at the SAA will be to represent the common interests of surety and fidelity bond writers in federal, state and local legislative …
Wausau Insurance announced it is more than doubling its in-house individual account coverage limits up to $25 million for its middle-market umbrella insurance program. This new middle-market feature is aimed at leveraging an umbrella program offered by the large account …
