Monthly Archives: <span>June 2006</span>

S&P Rates Kazakhstan Insurer ‘B+’

Standard & Poor’s Ratings Services has assigned its “B+” long-term counterparty credit and insurer financial strength ratings and its “kzBBB” Kazakhstan national scale rating to Kazakhstan-based insurer Eurasia Insurance Co. with a stable outlook. “Eurasia is the largest insurance company …

White Mountains to Hold Investor Conference Call Today

Bermuda-based White Mountains Insurance Group, Ltd. announced that its Chairman, Jack Byrne, and President and CEO, Steve Fass, will host a conference call for investors today Tuesday, June 20, 2006 at 8:30 AM ET. The bulletin said the “purpose of …

Best Upgrades ‘PD’ Ratings of 12 Canadian P/C Insurers

A.M. Best Co. has upgraded the public data (pd) financial strength ratings of 12 property/casualty Canadian insurers. The bulletin noted that “pd ratings are based solely upon public information and present the most informed view A.M. Best can offer, short …

Odyssey Re Forms U.K. Company

Odyssey Re Holdings Corp. has formed Newline Insurance Company Limited (NICL), described as “a casualty-focused insurance company based in London, England.” Odyssey Re said it had received “all necessary regulatory approvals” from the U.K.’s Financial Services Authority and that NICL …

Professional Insurance Agents of Oregon/Idaho Elect Board Members, Announce Award Winners

The Professional Insurance Agents of Oregon/Idaho (PIA) recently held their 39th Annual Convention and Trade Show. Association members elected a new board of directors and gave out a number of awards. John Desmarteau, member/owner of Beaver Insurance, Salem, Ore., was …

State Fund Receives Nearly $600,000 in Restitution from San Diego County Contractor

California’s State Compensation Insurance Fund has received restitution of $599,817 from the owner of a San Diego framing company convicted of workers’ compensation insurance fraud. Robert H. Rodriguez, 50, of El Cajon, Calif., the owner of RH General Inc. and …

Global Risk Advisors Names De La Rosa as Consultant

Redwood City, Calif.-based Global Risk Advisors, a privately held risk management consulting firm, has hired Christine De La Rosa as consultant. De La Rosa has more than 15 years of risk management experience in the high tech industry in Silicon …

IRS Issues Tax Guidance for Hurricane Victims, Extends Filing Deadlines

The Internal Revenue Service has issued guidance to assist Hurricane Katrina, Rita and Wilma victims claiming casualty and theft losses on their individual income tax returns. The IRS also extended filing deadlines for hurricane victims. The casualty and theft loss …

Wis. General Casualty Announces Names of Scholarship Winners

Sun Prairie, Wis.-based General Casualty Insurance Companies has announced the names of 20 winners of its renewable $1,000 scholarship awards. “The General Casualty scholarship program was created four years ago to reward talented students,” said Hollie Bowker, General Casualty community …

Aon Names New Vice Presidents for Originator and Public Entity Areas

Aon Corp. today announces the appointment of Nadine Moore as vice president and originator, and the appointment of Michael O’Brien as vice president and director for the firm’s Public Entity Practice. In her role as vice president and originator, Moore …