Forty reinsurance companies reported net written premiums of $30.1 billion for 2004, showing a combined ratio of 105.5 percent in the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2004 Industry Results.” The report includes industry aggregate data and summarizes underwriting …
Brokers Financial Services, a division of USG Insurance Services, Inc., announced the appointment of Nancy Morrison as manager of premium financing at the Livonia, Mich., location. She will assist the agents and the insureds with premium financing options with exceptional …
Zurich has announced today that John Treacy, 42, will join its North America operations the week of July 25 as Senior Vice President – Corporate Controller/Regional Group Controller. Treacy will report to Thomas Bradley, Chief Operating Officer – Finance and …
General Electric Company Chairman and CEO Jeff Immelt today announced a new organization aimed at accelerating growth and profitability for the fairfled, Conn.-headquartered giant. . Effective July 5, GE will reorganize its 11 businesses into six industry-focused businesses: GE Infrastructure; …
Massachusetts Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage. The governor described the plan at a health care conference at the John F. Kennedy Library and Museum. …
MetLife Inc. is well on its way to funding its $11.5 billion acquisition of Citigroup Inc.’s Travelers Life & Annuity. The New York City-based insurance company, which expects to raise $7.6 billion in debt and hybrid securities, already had $5.9 …
Standard & Poor’s Ratings Services announced that it has affirmed its long-term “BBB+” counterparty credit and insurer financial strength ratings on Nigeria-based composite reinsurer African Reinsurance Corp. (Africa Re) with a stable outlook. “The ratings reflect Africa Re’s very good …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Barbados-based Imagine Insurance Company Limited. Best has removed the ratings from “under review “and assigned a …
France’s SCOR Group plans to issue 130 million new shares, raising around 201.5 million euros ($243.6 million) in new capital, primarily to fund the purchase of the outstanding shares of Irish Reinsurance Partners (IRP) that it does not already own. …
Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific Indemnity Insurance Company. He has also served with …
