Standard & Poor’s Ratings Services announced that it has revised its outlook on ACE Ltd. and its active operating insurance companies to stable from negative. S&P also affirmed its “A+” counterparty credit and financial strength ratings on ACE’s active operating …
The Bermuda-based Everest Re Group, Ltd. announced that it estimates losses arising from Hurricane Wilma at $230 million on an after-tax basis. “This event, which impacted the Yucatan peninsula of Mexico and South Florida, created widespread destruction, the magnitude of …
In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit and financial strength ratings on ACE Insurance …
Zurich Financial Services Group announced the appointment of Markus Hongler, 48, as the new CEO in charge of its Swiss business effective Jan. 1, 2006. He succeeds Hans-Jürg Bernet, 56 who is retiring after serving as Swiss CEO since 2001. …
A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A+” (Superior) of Allianz Marine & Aviation (France) (AMAF) and has removed the rating from under review with negative implications. Best also assigned an …
For the 33rd year, Boston consumer advocates and trial attorneys, Edward M. Swartz and James A. Swartz, have unveiled their nominees for the “10 Worst Toys” on behalf of World Against Toys Causing Harm, Inc., or WATCH. According to WATCH, …
Karen Barone, Virginia product manager for Drive Insurance from Progressive recently presented Tom Welch, president of the Independent Insurance Agents of Virginia, with a check for $25,000, as part of a $50,000 commitment to IIAV’s Insurance Career Institute Building Campaign. …
Mt. Washington Assurance Corporation announced its new group automobile program for the New Hampshire Society of Certified Public Accountants (NHSCPA), a statewide professional association for nearly a thousand New Hampshire-based CPAs. The program offers the association’s members a 10 percent …
A health insurance industry group this week appealed a state regulatory decision that provides a critical source of funding for Maine’s Dirigo universal health insurance program. The Maine Association of Health Plans is challenging state Insurance Superintendent Alessandro Iuppa’s ruling …
The former director of the Rhode Island Department of Health acknowledged Monday as she was cross-examined in the state’s lawsuit against former lead paint manufacturers that the department’s own Web site says routine maintenance and house cleaning can help prevent …
