In a statement released in conjunction with its Annual General Meeting, to be held today, June 20, the U.K.’s Beazley Group PLC, a leading LLoyd’s market insurer, indicated that “current trading underwriting conditions to 31 May 2005 have generally remained …
Ireland’s FINEOS Corporation, a leading provider of enterprise solutions for banking and insurance, announced the release of FINEOS Rules Manager, which it described as offering an innovative rules management solution. “The new product component enables organizations to create, manage and …
Lloyd’s insurer Hardy (Underwriting Agencies) Ltd. has issued a statement concerning a revised offer from another Lloyd’s insurer, Omega Underwriting Holdings PLC, which it has so far rejected. Hardy left the door open for further discussions, however. Hardy said its …
The U.K.’s Chartered Insurance Institute (CII) notes that the number of candidates graduating with its Diploma and Advanced Diploma in Insurance is now the highest for eight examination sessions. Results of the latest examination, held in April, lists 231 candidates …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Russian Ingosstrakh Insurance Co. to positive from stable, following improved risk in its investment portfolio. S&P also affirmed its “BB” long-term counterparty credit and insurer financial strength …
The following is the Association of California Insurance Company’s weekly update on legislative action taken on insurance-related bills last week and the measures scheduled for consideration this week. Bills heard last week: Senate Judiciary Committee – June 14 AB 446 …
The California Supreme Court issued two landmark rulings that could have a nationwide impact on how courts award punitive damages. Applying the argument offered in an amicus brief filed by Pillsbury & Levinson LLP on behalf of United Policyholders, the …
St. Paul Travelers has launched an online rating tool that provides quoting and binding capabilities for standalone Equipment Breakdown insurance called Quick Quote. Quick Quote provides new business Equipment Breakdown coverage quotes for small-to-medium-sized enterprises having fewer than ten locations …
Backstage: Risk management planning for one of the nation’s largest festivals Austin City Limits Music Festival 2005, Austin, Texas It is ten days before your client’s multi-million dollar, world famous, music festival. You receive news that a CAT 5 hurricane …
Cat model reassessments cause rating and capital changes Last fall’s disastrous hurricanes provided some rough times for the catastrophe modeling industry. Consequently the principal cat modelers – Applied Insurance Research, EQE International’s EQECAT, and Risk Management Solutions – went back …
