A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 958 (United Kingdom). The outlook for both ratings remains stable. The ratings reflect syndicate 958’s excellent operating performance …
Research and Markets(http://www.researchandmarkets.com/reports/c32430) reported the addition of UK Motorcycle Insurance 2005 to their offering. The motorcycle market experienced tougher market conditions in 2004 and 2005, as increased competition put pressure on rates and led to a reduction in GWP. This …
Sun Prairie, Wis.-based General Casualty Insurance Companies are cautioning customers about the possibility that the shiny pre-owned Honda or Buick being considered for purchase may have been submerged in flood waters. “The problem is that sometimes used car buyers aren’t …
Seattle-based Safeco has executed a Rule 10b5-1 trading plan to purchase up to $250 million of its outstanding common stock. That will allow Safeco to repurchase its shares during periods when the company would normally not be active in the …
Network E&S Insurance Brokers LLC, a California based wholesale broker, has hired Matt Gomez as a casualty and property broker in the Calabasas office. He will concentrate on writing general liability/products, including contractors, wraps, project specific policies, as well as …
The Texas Department of Insurance (TDI) Division of Workers’ Compensation is accepting public comment on proposed rules. All proposed rules may be viewed on the TDI Web site at www.tdi.state.tx.us/wc/indexwc.html under “Rules” and public comment on proposed rules can be …
Deloitte Financial Advisory Services LLP announced that Midwest regional managing partner, Don M. Svendson, has been named Mid-America regional managing partner. Svendson, based in Dallas, succeeds Edward Lynch, partner, who recently transitioned to Deloitte FAS’ risk management group. In his …
Oklahoma Insurance Commissioner Kim Holland announced the opening of a new Tulsa office. The new office, located at 4157 S. Harvard, Suite 121, replaces the Oklahoma Insurance Department’s previous office in Tulsa. The Oklahoma Insurance Department has had an office …
Rock Hill, NY – Irwin Siegel Agency, Inc. (ISA), a leading specialty program underwriter for the Social Services field recently announced a new Directors and Officers (D&O) Program. The new D&O Program will not only complement current social service packages, …
Insurance carriers and brokers expect to see a growth in the number of new groups that they acquire in 2006 as compared to the number for 2005. An overwhelming 91 percent expect the number to increase in 2006, with 43 …
