Bermuda-based Aspen Insurance Holdings Limited announced that it is updating its guidance relating to annual growth in its gross written premiums for 2005. The company now expects growth between 20 and 25 percent higher than 2004. CEO Chris O’Kane commented: …
Homes built under the Florida Building Code that became effective in 2002 sustained less damage on average than those built between 1994 and 2001 under the Standard Building Code according to a University of Florida study just completed by Kurt …
Export Development Canada (EDC), Canada’s export credit agency, and the Canadian arm of Compagnie Française d’Assurance pour le Commerce Extérieur SA (Coface), an international business-to-business trade facilitator, have entered into an agreement for the provision of domestic receivables cover to …
A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) of “A-” (Excellent) and has assigned issuer credit ratings (ICR) of “a-” to the companies comprising Canada’s Northbridge Financial Corp. The companies affected include: Commonwealth Insurance Company …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) for Toronto-based GCAN Insurance Company with a stable outlook. “The rating of GCAN reflects its excellent level of capitalization, strong underwriting and operating results and …
Joachim Faber, a member of the Board of Management for Germany’s Allianz Group and CEO of its asset management arm, told interviewers on the company’s Website: “We expect climate change to influence the frequency and severity of natural catastrophes. This …
Linda Slaughter has been promoted from senior vice president of claims to COO at Concord, Calif.-based Athens Administrators, part of the Jenkins Athens Group. Slaughter joined Athens in its founding days and has been with the company for more than …
United States Attorney for the District of Maryland Allen Loucks recently announced that Aaron Lee Speed, 21, of Waldorf, Maryland pled guilty to conspiracy to commit arson in connection with the Dec. 6, 2004 fire at the Hunters Brooke development …
The Professional Insurance Agents of Florida has announced the completion of its 2005 Legislative Report summarizing the provisions of recent legislation passed in the spring sessions of the Florida Legislature and that it has scheduled meetings to describe to members …
The Association of California Insurance Companies is opposed to legislation that would require homeowners to purchase contents coverage that they may not need or want in the event their homes are destroyed in declared disasters. The bill, SB 2 by …
