The Bermuda-based Catlin Group Limited issued a general statement following the conclusion of its annual general meeting, held in Bermuda on June 6, which showed a “solid performance by the Catlin Group during the period ended 30 April 2006.” The …
Triple “A” ratings have been on the endangered species list for some time, but they do still exist. Standard & Poor’s Ratings Services has just affirmed its ‘AAA’ long-term counterparty credit and insurer financial strength ratings on French-based reinsurer Caisse …
Standard & Poor’s Ratings Services has lowered its subordinated debt rating on Avalon Re Ltd.’s Series C variable rate notes, which are due June 6, 2008, to “CCC-” from “B.” Concurrently S&P removed the rating from its CreditWatch with negative …
Bermuda-based Aspen Insurance Holdings Limited has named Brian Boornazian to the newly created position of Head of Reinsurance of Aspen. He will retain his current position as President of Aspen Re America as well as its associated responsibilities, and will …
A.M. Best Co. has downgraded the financial strength ratings (FSR) to “B” (Fair) from “B++” (Very Good) and the issuer credit ratings (ICR) to “bb” from “bbb” for the insurance/reinsurance subsidiaries of Bermuda-based Quanta Capital Holdings Ltd. “These rating actions …
Buell Motorcycle Company has selected Wis.-based Sentry Insurance as the preferred insurance provider for Buell owners in the United States, company officials said in a written statement. Buell Motorcycle Company, a subsidiary of Harley-Davidson, Inc., produces sport motorcycles. Buell worked …
Southfield, Mich.-based North Pointe Holdings Corp. announced that B. Matthew Petcoff, chief operating officer, and Brian J. Roney, chief financial officer, will present at the Sandler O’Neill Financial Services Conference in New York on Thursday, June 8, 2006, at 10:15 …
New Jersey Assemblyman Mike Panter (D-Monmouth/Mercer) has filed legisaltion to create a premium-funded state pool to cover homeowners’ losses from natural catastrophes. Panter’s bill (A-3236), the New Jersey Consumer Catastrophe Preparedness and Protection Act, would establish the New Jersey Catastrophe …
The Professional Insurance Agents of New York Inc. announced that John O’Shea, chairman of Marshall & Sterling Inc. in Poughkeepsie, N.Y., will receive the Distinguished Insurance Service award at the association’s annual conference. The award recognizes an individual who has …
Michigan-based American Physicians Capital, Inc. President and CEO R. Kevin Clinton will participate on a medical malpractice panel at the Sandler O’Neill Financial Services Conference on June 8, 2006 at 1:30 p.m. EST. This event will take place at the …
