As part of a scheduled meeting with investors and analysts the U.K. ‘s Royal & Sun Alliance Insurance Group plc has issued a bulletin detailing how it plans to “drive profitable performance” and how it plans to achieve its new …
Integro has hired Carl C. MacCartee III as a managing principal, to be based in Washington, D.C., on behalf of the New York office. MacCartee, with more than a decade of insurance industry expertise, will focus on private equity services, …
Shopping for information about the cost and quality of medical care is becoming easier for patients as health insurers compete to become more consumer-friendly. Insurers are coming up with new ways to provide price and service information to customers who …
An insurance company employee who hurt herself when returning to work from her lunch break was entitled to workers’ compensation benefits because the injury occurred on the employer’s premises, the Maine Supreme Judicial Court ruled Friday. The unanimous ruling by …
A.M. Best Co. has downgraded the financial strength rating (FSR) to “A-” (Excellent) from “A” (Excellent) and the issuer credit rating (ICR) to “a-“from “a” of Folksamerica Reinsurance Company. The New York-based company is a member of White Mountains Insurance …
Bermuda-based White Mountains Insurance Group, Ltd. said that new claims information from its Folksamerica Reinsurance Company subsidiary “has increased its gross loss estimates for hurricanes Katrina, Rita and Wilma (‘KRW’) by $203 million (net of reinstatement premiums). In taking this …
Bermuda’s XL Capital Ltd. is commemorating its 20th anniversary with a “Global Day of Giving — a day dedicated to supporting the communities in which XL operates.” The global volunteer event, currently taking place, “will see XL employees donating over …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-” of the Toronto-based ING Canada Group. The group includes Belair Insurance Company Inc. (Montreal, Quebec), ING Insurance Company of …
A.M. Best Co. has affirmed the public data (pd) financial strength ratings of 35 Canadian property/casualty companies, assigned one pd rating and downgraded one pd rating. Best stressed that the “pd ratings are based solely upon public information and present …
A.M. Best Co. has taken note of the increase in the use of sidecars as a way to offer rated debt to investors seeking exposure to various layers of catastrophic risks. “The tightening of reinsurance capacity in the property/casualty market …
