The Airbus A380, the largest passenger airplane ever built, successfully took to the air in cloudless skies over the Southern French City of Toulouse yesterday, April 27, 2005. Pilots, engineers and ground crews reported no problems as the giant aircraft …
Arch Insurance Group, a division of Bermuda’s Arch Capital Group Ltd., has announced its entrance into the Canadian insurance marketplace. The plans were revealed at the recent RIMS Conference in Philadelphia. Arch has named Sheldon Rankin, former Chairman and CEO …
The Netherlands-based insurer Eureko, the parent company of Achmea, and Holland’s Rabobank Group announced that they are broadening their current co-operation. In a joint announcement the companies said that Interpolis, the insurance arm of the Rabobank Group, is to merge …
AIG WorldSource(R), a division of the Domestic Brokerage Group of American International Group, has announced enhancements to several key components of its Defense Base Act (DBA) coverage program. AIG WorldSource will now provide DBA policies for sub-contractors in conjunction with …
The Paris office of Standard & Poor’s Ratings Services announced that it has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Casiopea Re S.A., the wholly owned Luxembourg-based reinsurance affiliate of Spanish telecommunications provider Telefónica S.A. …
Dublin-based Research and Markets has announced the addition of a study on Global Insurance Regulators to their offering. “Rapid growth in financial services regulation in many countries has led to demand for high quality data about agencies and institutions involved …
California Insurance Commissioner John Garamendi’s hoped-for regulations on the professional duties of an agent or broker propose solutions to problems that have yet to be identified according to the National Association of Mutual Insurance Companies (NAMIC). “The logical construct is …
A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of Island Heritage Insurance Company Ltd. (Island Heritage) (Cayman Islands) remains unchanged following the recent announcement that ACE Bermuda Insurance Ltd. (ACE Bermuda), a member of the …
A collaboration between The National Alliance for Insurance Education & Research and The Professional Insurance Agents (PIA) of Georgia has resulted in a new insurance education partnership in Georgia: The Georgia Alliance. The two organizations will work together in the …
The main benefit of using credit history to underwrite auto and homeowners insurance policies is that it allows insurers to charge lower risk consumers less for their coverage, according to the Property Casualty Insurers Association of America (PCI). PCI submitted …
