Monthly Archives: <span>August 2005</span>

Clark Consulting Combines Benefits, Banking and Insurance

Clark Consulting, a national firm providing integrated compensation, benefits and financing solutions, will combine its executive benefits, banking and insurance company practices into a single unit to serve those markets. The new practice will be led by Les Brockhurst, current …

La. AG to Kick Off ‘ScamJam’

Louisiana Attorney General Charles C. Foti, Jr., will be the keynote speaker and will help kickoff the first annual ScamJam on Aug. 17, 2005, in Acadiana. The AG’s office said the one-day event is aimed at educating consumers about the …

Aetna Grants $175,000 to Chicago’s Stroger Hospital

Aetna and the Aetna Foundation will grant $175,000 to the trauma unit of Chicago’s John H. Stroger, Jr. Hospital. The grant will fund development of a model program of culturally appropriate end-of-life care, including palliative care, that can be shared …

S&P Affirms Willis ‘BBB-‘ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its “BBB-” counterparty credit and senior unsecured debt ratings on Willis Group Holdings Ltd. and has revised the outlook to stable from negative. The rating actions could be an indication …

R&SA Reports Strong 1st Half

Royal & Sun Alliance, the U.K.’s second largest commercial insurer, had a good first half of 2005. Operating results rose 79 percent to 329 million pounds ($594 million), compared to 184 million pounds ($332 million) for the first six months …

Best Affirms AVIVA’s ‘A+’ Ratings

A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of the core companies of the U.K.-based AVIVA Group. Best also affirmed the “a” ICR of the …

RMS to Open Bermuda Office

Calif.-based Risk Management Solutions will open an office in Hamilton, Bermuda. RMS made the announcement at a market seminar on the island that focused on recent technical developments in catastrophe modeling relevant to the insurance and reinsurance industry. The company …

CIRC Lifts Suspension of Willis China Office in Guangzhou

Willis Group Holdings Limited announced that the suspension of the license of its Guangzhou, China, branch office to accept new business has now been lifted. Willis said the “suspension related to a misunderstanding in which representatives of the China Insurance …

Best Affirms W.R. Berkley (Europe) ‘A’, ‘aa’ Ratings

A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” for U.K.-based W.R. Berkley Insurance (Europe), Limited, with a stable outlook. “The ratings reflect WRB’s strong capitalisation …

S&P Affirms Allianz (Australia/NZ) Ratings; Revises Outlook to Positive

Standard & Poor’s Ratings Services announced that it has affirmed the long-term “A” insurer financial strength and counterparty credit ratings on Allianz Australia and its affiliate Allianz New Zealand, and has revised the rating outlook on the two companies to …