Denmark’s Eksport Kredit Fonden (EKF) and Bermuda-based Sovereign Risk Insurance Ltd. have completed a political risk insurance contract supporting DKK100 million ($17.1 million) of exports to Ukraine. “The transaction involves export of equipment for processing edible fats and oil to …
France’s AXA Group has concluded a definitive agreement to cede its reinsurance operation – AXA Re and its subsidiaries – to Paris Re Holdings Limited. As previously reported (See IJ Website April 6 and10), AXA had recieved a definitive off …
A.M. Best Co. has placed the financial strength rating of “B+” (Very Good) of New Zealand’s Tasman Pacific Insurance Limited under review with negative implications. Best said it “is concerned with the negative developments of Tasman’s sister company, Provincial Finance …
Willis Group Holdings Limited, the global insurance broker, announced today that it will host an investor day on June 8, 2006 in New York City. During this event, presentations will be conducted by Joseph J. Plumeri, chairman and CEO of …
James J. Maguire, Jr., president and CEO, and Sean S. Sweeney, executive vice president and chief marketing officer, of Philadelphia Insurance Companies will present at the Sandler O’Neill & Partners, L.P. Financial Services Conference in New York City on Thursday, …
Austin, Texas-based American Physicians Service Group Inc. announced the planned acquisition of its long-time client, American Physicians Insurance Exchange. The companies anticipate completing the merger prior to the end of 2006, subject to approval by the Texas Department of Insurance, …
A vote on whether the state of Michigan will repeal its 37-year-old mandatory helmet law is scheduled to take place in the State House of Representatives tomorrow. The Michigan Association of Insurance Agents of Lansing, Mich. opposes the repeal and …
Acordia Inc., a Wells Fargo Company, has named Larry Sorensen vice president, national program practice leader. Sorensen will be responsible for Acordia’s program business. He will serve as the lead at the corporate level based in Chicago. Most recently, Sorensen …
Every year children are seriously injured and killed when they’re hit by a vehicle backing out of a driveway. But a child is up to 2 1/2 times more likely to be backed over by a minivan or truck than …
At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial Lines Midyear 2006 Outlook: Sector Enjoying Exceptional Earnings,” says these …
