Standard & Poor’s Ratings Services announced that it has affirmed its “BBB+” long-term counterparty credit and insurer financial strength ratings on Swiss-based reinsurer Converium AG and the guaranteed operating entities of the Converium group. S&P has also removed all of …
Even as new reports of deaths caused by the bird flu virus are coming in from Indonesia and Vietnam, the insurance industry received an additional warning about its potential exposures. An article on the Lloyd’s Website [www.lloyd’s.com] reports that the …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on petroleum industry mutual insurer Oil Insurance Ltd. (OIL) and removed them from CreditWatch with negative implications, where they were placed on …
Bermuda-based Max Re Capital Ltd. announced four new appointments in its P/C Reinsurance Division. James Henry Winn has joined the team as Senior VP and North American Treaty Underwriter. He has over 15 years property catastrophe reinsurance experience, most recently …
A.M. Best Co. announced that it has removed from under review and affirmed the financial strength rating of “A-” (Excellent) and issuer credit ratings (ICR) of “a-” for the reinsurance subsidiaries of the PXRE Group Ltd. The rating actions apply …
Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Ecclesiastical Insurance Office PLC to “A-” from “BBB+.” S&P also raised its long-term counterparty credit and insurer …
Henry Pippins has been named vice president, Commercial Lines for the Main Street America Group in Jacksonville, Fla. Pippins will report to Bob Restrepo, senior vice president of Insurance Operations and be based at the organization’s corporate headquarters in Jacksonville, …
Michael Ryan has been named vice president of the Southeast Account Management Division of Specialty Risk Services of Hartford, Conn. Ryan will be based in Atlanta and will oversee the account management team in the Southeastern region of the country …
A Miami man is facing more than 48 felony charges after surrendering Tuesday to insurance fraud detectives with the Department of Financial Services investigating the theft of nearly $1 million in a 2002 mortgage transaction. The diversion led to foreclosure …
A South Florida insurance agent, Thomas A. Masciarelli, was arrested Tuesday by state insurance fraud detectives for bilking elderly clients in an unregistered securities scheme. Masciarelli, 48, was charged with three counts of grand theft and booked into the Palm …
