DaimlerChrysler, Ford Motor Company and General Motors are slated to announce their return to leasing in New York State at a press conference to coincide with the signing of a federal highway bill by President Bush on Wednesday, Aug. 10. …
New York State Attorney General Eliot Spitzer secured five pleas within the past week in his continuing investigation of bid-rigging in the insurance industry. Last Friday, Jason Monteforte, who was a broker for Marsh & McLennan Cos. Inc., pleaded guilty …
Swiss-based Converium bounced back from a $61.8 million first quarter loss to post a profit of $49.2 million before taxes. Pre-tax operating income was $60.7 million and net income amounted to $70.8 million. The company said, “all business segments contributed …
Andrew Torrance, CEO of Allianz Cornhill in the U.K., has explained why companies cannot afford to ignore the effects of climate change. As reported on the Allianz Group Website – www.allianz.com – Torrance stressed that changes in the world’s climate …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Sagicor General Insurance Inc. (Bridgetown, Barbados) with a stable outlook. “The rating reflects Sagicor’s solid risk-based capitalization, excellent operating performance, consistently prudent underwriting leverage …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB” financial strength and counterparty credit ratings to Australia-based nonlife insurer EIG-Ansvar Ltd. with a positive outlook. “The ratings on EIG-Ansvar Ltd. reflect its good stand-alone financial strength characteristics …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of United Insurance Company Limited (Bridgetown, Barbados) with a stable outlook. “The rating reflects United’s solid capitalization on a risk-adjusted basis, consistently favorable underwriting performance, …
About thirty years ago, you could travel around Europe for $25-a-day. Of course, it meant low-end accommodations and marginal meals. Today, both the times and the dollar values have mightily changed, but our raw urge for adventure still rages on. …
A.M. Best Co. placed the financial strength ratings of “A” (excellent) for American Re Corporation Group’s member companies under review with negative implications. Member companies include American Re-Insurance. Co., American Alternative Insurance Corp. and The Princeton Excess & Surplus Lines …
Welcome to Insurance Journal’s third annual national golf issue, where a golf theme yet again graces the magazine’s cover. Readers who are breathlessly awaiting a cover story on surplus lines, contractors, commercial auto coverage, or professional liability, will have to …
