Zurich Financial Services Group has announced the appointment of Martin Senn, 48, as its new Chief Investment Officer and as a member of the Group Executive Committee (GEC) effective April 1, 2006. He will be based in Zurich and takes …
Standard & Poor’s Ratings Services announced from its Tokyo office that it has assigned its “A-” insurer financial strength rating to New Century Insurance Co. Ltd. and placed the rating on CreditWatch with positive implications. “Because New Century is a …
Bermuda-based XL Capital Ltd. reported changes within its insurance segment, known as XL Insurance. Clive Tobin, chief executive of XL’s Insurance Operations, stated that David Duclos, formerly chief underwriting officer for Specialty Lines, would assume the position of chief operating …
Insurance buyers see increasing value from reducing their total cost of risk across multiple lines of commercial insurance, according to a new survey commissioned by Wausau Insurance of 200 financial executives. Eighty-one percent (up from 70 percent last year) of …
Hilb Rogal & Hobbs Company has appointed John (Jack) Hamerski to the position of vice president and controller, subject to approval by the company’s board of directors. Hamerski will succeed Rob Blanton in this role. Blanton will continue to be …
The American Insurance Association (AIA) on Monday said it supports recommendations from the Insurance Institute for Highway Safety (IIHS) to improve the safety and design of seat and head restraints in SUVs (sport utility vehicles). Neck sprains and strains are …
The Coalition for Asbestos Reform (C.A.R.) commended President George W. Bush on Monday for his call to enact “good asbestos reform,” which Bush stated in his speech on the economy at the Chicago Hilton on Jan. 6, 2006. C.A.R. has …
W. R. Berkley Corp. reported the appointment of Carol Adams as executive vice president and chief operating officer of Berkley Accident and Health LLC. Adams’ principal focus will be the growth and development of Berkley A&H’s accident and health business …
A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook on both ratings is stable. The ratings reflect …
Usually saying “I’m sorry” means good things for the person that says it. However when a physician says “I’m sorry,” it could mean big trouble down the road in the court system. With this premise in mind, a new bill …
