Lloyd’s announced that Dane Douetil, Chief Executive of Brit Insurance Holdings PLC, has been appointed as the new head of the Market Reform Group (MRG), the body responsible for process reform and modernization in the London insurance market. Douteil will …
The U.K.’s Chartered Insurance Institute’s (CII) Faculty of Insurance Broking in conjunction with the British Insurance Brokers Association (BIBA) announced plans to hold a regional program of “Engineering Insurance Masterclasses,” in February and March. The series will be presented as …
Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit rating on Swedish long-term savings provider Skandia Insurance Co. Ltd. to ‘A-‘ from ‘A’, and its senior unsecured debt rating to ‘BBB+’ from ‘A-‘. S&P also …
Dublin-based Research and Markets announced the addition of an E-Learning Course – “Asset Liability Management [ALM] for Insurance Companies” to their offering. The course offers “a comprehensive e-learning product covering Global Best Practices, Strategic, Operational and Analytical aspects,” said the …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and assigned an issuer credit rating of “bbb+” to South Korea’s MERITZ Fire & Marine Insurance Company, Ltd. with a stable outlook. “The ratings …
A.M. Best Co. announced that it has assigned a debt rating of “bb” to Arch Capital Group Limited’s $200 million 8 percent non-cumulative Series A preferred shares. Arch’s remaining debt ratings and the financial strength rating of “A-” (Excellent) of …
Lawyers for four lead-paint makers accused of creating a public-health threat that poisons thousands of children a year abruptly rested their case on Jan. 26 without calling any witnesses. Later in the day, defense lawyer Suesan Lea Pace said in …
Building and paying for highways is the top issue of the 2006 General Assembly, but legislators also are considering a raft of measures dealing with motorists’ behavior on the blacktop. Many of the traffic safety issues are familiar: toughening the …
A jury has awarded a Sunoco laborer $9 million for injuries suffered when he fell from a ladder at the company’s South Philadelphia refinery. Patrick Brown, 35, fell in October 2002 while climbing down a ladder between catwalks, banging his …
An insurance company has sued a former executive of the New York Daily News and U.S. News and World Report to recover nearly $600,000 the carrier paid to reimburse the publications for his alleged thefts. Federal Insurance Co. says in …
