Australia’s QBE Insurance Group today announced that it has signed an agreement to acquire the U.K.-based specialist marine insurer, British Marine Holdings Limited. The deal is expected to close before December 31, 2005, subject to regulatory approvals. The bulletin notes: …
Standard & Poor’s Ratings Services announced that it has affirmed its “AA+” long-term counterparty credit and insurer financial strength ratings on Guernsey-based Jupiter Insurance Ltd., the wholly owned captive insurer of U.K.-based petroleum giant BP PLC (rated- AA+/Stable/A-1+). S&P’s outlook …
Toronto-based Fairfax Financial Holdings Limited said that the Group has received a further subpoena from the Securities and Exchange Commission as part of its investigation into certain loss mitigation products. The subpoena requests documents “regarding any transactions in securities of …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B+” (Very Good) of New Zealand’s Pioneer Insurance Company Limited with a stable outlook. “The rating reflects Pioneer’s strong business growth, improved underwriting performance, highly liquid investment …
The Council of Insurance Brokers of Greater New York will present its 2005 Man of the Year award to Richard Zick, president and chief executive officer of Utica First Insurance Co., at its 28th Annual Dinner Dance. The event will …
When is a medical emergency really an emergency? Not during key Boston Red Sox games, report investigators from Children’s Hospital Boston in a letter published in the October issue of Annals of Emergency Medicine. Although previous studies have found a …
The medical liability problem in the District of Columbia is worsening, according to a survey by the Medical Society of D.C. The survey claims that 30 percent of the District’s physicians plan to retire early; 21 percent plan to stop …
A new law takes effect on Oct. 1 in Connecticut that will require any child who is not both 7 years old and 60 pounds to use a booster seat. And that includes Tal. “It’s inconvenient, but it’s a good …
If the Republican Party of Virginia’s lawsuit against its former insurer for refusing to cover a legal battle over the GOP eavesdropping scandal goes to trial, key GOP figures could again be subpoenaed and interrogated on the eve of this …
Elizabeth O’Donnell has joined Russell Bond & Co. as a broker specializing in the placement of large property and casualty accounts and business development operating from Syracuse N.Y. O’Donnell has more than 20 years of retail and wholesale excess and …
