PGI Commercial, a provider of property and casualty insurance programs based in Morristown, N.J., has formed new partnerships in order to provide habitational insurance programs. PGI’s new partners, Sirius America Insurance Company, Insurance Corporation of Hannover, and Clarendon America Insurance …
NIF Group, Inc., a program administrator and specialty broker in Manhasset, N.Y., has a new product for complex and difficult to place social service agencies. The program offers general liability and professional liability on a claims made basis, with prior …
U.S. Rep. Gene Taylor, D-Miss., has joined the thousands of Mississippians suing State Farm Fire & Casualty Co., challenging the insurance company’s refusal to cover property losses resulting from Hurricane Katrina. Taylor’s lawsuit comes less than a month after U.S. …
“United States-based companies with business interests abroad will not be trading in a safer world in 2006,” according to Aon’s newly published annual global business risk analysis represented in its 2006 Political & Economic Risk Map. Aon said the “map …
David Strachan, The U.K.’s Financial Services Authority’s Insurance Sector Leader, in a speech to the Insurance Institute of London, reiterated the FSA’s commitment “to finding an end to the practice that has come to be known as ‘deal now, detail …
A report published by Standard & Poor’s Ratings Services, “Industry Report Card: European Insurance,” notes that “despite the large losses related to hurricanes Katrina, Rita, and Wilma, 2005 was a good year for the insurance sector in Europe.” S&P said: …
The Dublin International Insurance & Management Association (DIMA), which represents the majority of non-life insurers, non-life and life reinsurers, and captive managers located in Ireland, has strongly rejected claims that it has lobbied the Irish Government not to accede to …
Strategy International Insurance Group, Inc. and RS Group of Companies, Inc. announced that, on January 6th, 2006, “the respective Boards of Directors of the companies approved a letter agreement stating that RS Group would be merged with and into Strategy …
Bermuda-based Max Re Capital Ltd. announced that Peta White has joined the company’s Property and Casualty Reinsurance Division as Senior Vice President and International Treaty Underwriter. She has more than 10 years of property catastrophe reinsurance experience, most recently serving …
A.M. Best Co. announced that it has upgraded the financial strength rating to “B++” (Very Good) from “B+” (Very Good) of the St. Thomas, U.S. Virgin Islands-based Guardian Insurance Company, Inc., and has assigned a stable outlook. “The rating reflects …
