August 9, 2005
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. …
August 9, 2005
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 …
August 9, 2005
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 …
August 9, 2005
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 …
August 9, 2005
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 …
August 9, 2005
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 …
August 9, 2005
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, …
August 8, 2005
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. …
August 8, 2005
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 …
August 8, 2005
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 …