Euler Hermes, the Paris-based international credit insurer, has signed a letter of intent with Lumley General Insurance to acquire its credit insurance activities in Australia and New Zealand. Euler Hermes’ bulletin described Lumley General, a subsidiary of the Australian Group …
The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …
Californians Clyde and Jackie Sewell, both 52, owners of North Pointe Enterprises Inc., and their daughter, Toni Studer, 30, were arrested at their place of business. The Sewells, who are residents of Elverta, Calif., were arrested June 1 and each …
A California Court denied recovery to a 21 year old Taiwanese college coed who suffered tragic life altering injuries in a violent car accident on a County of Los Angeles road. The young woman, a bel ted passenger in a …
The Lloyd’s Website (www.lloyds.com) features an interview with Stephen Matanle, global markets leader at Marsh and Chair of the London Market Insurance Brokers’ Committee (LMBC), about the challenges facing today’s insurance brokers. “We need to deal with the efficiency of …
The U.K.’s Hiscox plc, a leading specialist insurer, operating in the Lloyd’s market, Bermuda and the U.S. said it “will give the following update at its Annual General Meeting,” scheduled to be held today, June 21. The Group’s gross written …
The Association of British Insurers has criticized government proposals concerning payments to claimants who suffer from mesothelioma, a lung disease caused by the inhalation of asbestos fibers. The legislation is part of a Compensation Bill aimed at mitigating the effect …
Fitch Ratings has affirmed the “AA” Insurer Financial Strength (IFS) rating of Bermuda-based Partner Reinsurance Company as well as the various ratings of Partner Reinsurance’s parent company PartnerRe Ltd. These include the “AA-” Issuer Default Rating (IDR), and the “A” …
The Florida Department of Financial Services has released its annual “Top-10 Fraud List,” summarizing 10 of the costliest or boldest securities, finance and insurance fraud scams investigated by the DFS Division of Insurance Fraud and resulting in convictions in the …
ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, recently announced the launch of its healthcare professional liability product for group and individual physicians in the Ohio and Michigan markets. The product provides professional liability coverage …
