Benfield Corporate Risk has opened a new office in Calgary, Canada. Benfield Corporate Risk’s Canadian operations will be managed by Richard Cutfield. Richard has 25 years experience in the insurance market and was formerly managing partner of Jones Brown Inc. …
Texas Commissioner of Workers’ Compensation Albert Betts recently approved the reapplications for Certificates of Authority to Self-Insure covering a one-year period for 13 private employers in Texas. Commissioner Betts also accepted the withdrawal of Rockwell Collins Inc. and AT&T Corp. …
The Louisiana State Police Insurance Fraud Unit reported that an Orleans Parish man has been arrested on a felony insurance fraud warrant. The arrest evolved from a complaint by a private insurance company. The Louisiana State Police Insurance Fraud Unit …
Legislative efforts to revise or totally eliminate South Carolina’s Second Injury Fund are being disputed by two small business groups that contend they are not convinced the changes would reduce workers’ compensation costs for small employers. The Second Injury Fund …
Families of New York firefighters killed at the World Trade Center on Sept. 11, 2001, failed this week to persuade the Supreme Court to allow them to go forward with a lawsuit against New York City and Motorola for supplying …
Money talks, and it seems to speaking ever more loudly about the threat from the avian influenza virus H5N1, or bird flu. The Insurance Information Institute indicated that a severe outbreak, along the lines of the 1918 Spanish Flu pandemic, …
Standard & Poor’s newly issued report on Corporate Securitizations notes that these types of transactions are gaining increasing acceptance as a capital management tool by European insurers, with Swiss Re and AXA leading the way. “During 2005, we saw a …
Strategy International Insurance Group, Inc., a provider of specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, announced from Toronto that it has signed a binding letter of intent with Nexxus One Holding, …
People’s Insurance Co of China (PICC), in which American International Group holds a 9.9 percent stake, has reported a strong 2005 performance in all sectors as premiums rose to 66.1 billion yuan ($8.1 billion) in the year. In a breakdown, …
The Board of Directors of Zurich-based Converium Holding Ltd. will undergo significant changes, an announcement from the company indicated. “Chairman Peter Colombo will step down at the coming Annual General Meeting [AGM] as he indicated at last year’s Annual General …
