Zurich Financial Services Group announced that its Australian entities Zurich Financial Services Australia Limited (ZFSA) and Zurich Australian Insurance Limited (ZAIL) have reached “Enforceable Undertakings with both the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission …
The Board of Directors of the Bermuda-based Catlin Group Limited has released a statement following the Group’s Annual General Meeting indicating that its financial results for calendar year 2005 are in line with its expectations. Catlin, which manages Lloyd’s Syndicate …
Standard & Poor’s Ratings Services announced that it has assigned its “A+” long-term counterparty credit and financial strength ratings to the following Canadian subsidiaries of the Netherlands ING Group: Belair Insurance Co. Inc., ING Insurance Co. of Canada, ING Novex …
Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of an international broker Partner in Bangkok, Thailand. Trafalgar International Ltd., one of …
Bermuda-based Everest Re Group has issued a statement following receipt of a subpoena from the Securities and Exchange Commission seeking information about finite reinsurance, or loss-mitigation insurance products. Everest Re said that it will “fully cooperate with this and any …
Pasadena-based Western Security Surplus Insurance Brokers Inc. appointed Ron Arody as a broker. He will be based in the Los Alamitos office serving Orange and San Diego counties. Arody will be responsible for new business development. He comes to WSS …
Ausco and Ohio-based Great American Insurance Company’s Executive Liability Division (ELD) will enter a new business relationship offering non-profit liability and employment practices liability insurance to select industries. The relationship will expand Great American Insurance Company’s commitment to the non-profit …
Valley-based Agency Resource Group Inc. (ARG) President Bud Bowlin announced two strategic alliances with major national insurance providers – PacifiCare and United Concordia Insurance Company (United Concordia). ARG is a new, national employee benefits general agency that works with a …
Potential earthquakes on the Puente Hills fault beneath the Los Angeles area could result in 3,000 to 18,000 fatalities, 142,000 to 735,000 displaced households, and more than $250 billion in total damages, according to U.S. Geological Survey (USGS) and Southern …
Mike LaRocca has been named executive managing director of Beecher Carlson, responsible for increasing the Atlanta-based brokerage and risk management firm’s existing business in Southern California and expanding operations to additional locations in the Western United States. Beecher Carlson has …
