Speaking up has its rewards. Just ask Debbie Wentowrth. Wentworth of Buxton, who works at Maine Employers’ Mutual Insurance Co. (MEMIC), won the National Association of Insurance Women’s Communicate with Confidence Speak-Off last week at the national finals in Orlando, …
Benfield, an independent reinsurance and risk intermediary, has appointed Mohammed Ashab as senior vice president to its Financial Consulting practice. Before joining Benfield, Ashab was a director at Standard and Poor’s where he rated property and casualty insurance companies and …
Attorneys for life insurance agent Sherwood Schwarz have asked the New York State Supreme Court to overturn an arbitration award in favor of the John Hancock Insurance Company that they maintain denied him $30 million in commissions. The ruling by …
As a telephone installer, aircraft maintenance worker and now a self-employed massage therapist, Stacie Schultz has never let illness stop her from earning a living. “I don’t get sick. That’s not who I am,” said Schultz, 52, of Gastonia. “I …
Insurance claims from the April tornadoes in Tennessee have climbed to $452 million, and some homeowners and business owners say their efforts to rebuild are being slowed by settlement delays and swamped contractors. Tornadoes and severe storms April 2 and …
French reinsurer, SCOR Group is developing its agricultural risk reinsurance business throughout the world as part of an initiative to reinforce its agricultural risk underwriting teams to “keep up with the changing risks and coverage needs linked to modern agriculture.” …
The Marsh & McLennan Companies, Inc. (MMC) announced that David Spiller, the current President of Guy Carpenter & Company, Inc., MMC’s global risk and reinsurance specialty business, has been appointed as the division’s new CEO, effective July 1. Spiller, 50, …
XL Insurance Ltd., a subsidiary of Bermuda’s XL Capital Ltd., announced that its UK-based professional lines business has added a new product specifically tailored to the directors and officers insurance market in the UK. The new product, known as “A …
A.M. Best Co. has downgraded the financial strength rating to “B-” (Fair) from “B+” (Very Good) of New Zealand-based Tasman Pacific Insurance Limited. The rating remains under review with negative implications. “The rating action reflects the deterioration in the company’s …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of several of AXA Canada Inc.’s property/casualty insurance subsidiaries, as follows: the FSR of “A” (Excellent) of AXA Assurances Inc. (Montreal, Quebec) and its wholly owned subsidiary, AXA Assurances Agricoles …
