The hurricane party mentality is gone, replaced by hurricane stress, Rep. Leslie Waters, R-Pinellas, told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters at the group’s June 5 meeting in Tampa, Fla. Waters described the battle that …
Benfield Corporate Risk has appointed Marina Moore, an offshore construction risk expert, to its growing Energy Team. “Marina brings a wealth of experience of upstream construction risks with her background as a leading underwriter in this class of business,” commented …
Standard & Poor’s Ratings Services has assigned its “A-” long-term counterparty credit and insurer financial strength ratings to Dubai-based Arab Orient Insurance Co. (PSC) (AOIC) with a stable outlook. “The ratings reflect AOIC’s strong capitalization, very strong earnings, and strong …
Standard & Poor’s Ratings Services has revised its outlook on Polish non-life insurer Powszechny Zaklad Ubezpieczen S.A. (PZU S.A.) and life insurer Powszechny Zaklad Ubezpieczen na Zycie S.A. (PZU Zycie), core entities of the composite insurance group PZU, to negative …
Oil Insurance Limited, founded in Bermuda in 1971 by 16 energy companies, as a mutual insurance company, announced that it is offering to purchase for cash any and all of its outstanding $300 million aggregate principal amount of deferrable subordinated …
An article in an article in the latest issue of EXPOSURE, published by GE Insurance Solutions GE Insurance Solutions, highlights the changes that have been made in catastrophe models since Katrina and concludes they will impact both capital requirements and …
Laptop computers with personal information on 72,000 Ohio Medicaid recipients were stolen from a private managed care agency in Ohio, according to an Associated Press account. Officials with Buckeye Community Health Plan notified authorities that four computers were stolen from …
Aon Corp. announced the appointment of Roderick J. Hood as resident managing director of Aon Risk Services Minnesota. Hood, with nearly 20 years of experience in the insurance industry, takes over from Alan R. Diamond, who recently announced his retirement …
Independent insurance agents who are upset that conditions are being placed on their compensation have an important ally in Bob Rusbuldt, chief executive officer of Independent Insurance Agents and Broker of America, and the “go-to guy” on American Agency System …
USA Risk Group is expanding its its captive management office in Scottsdale, Ariz., with the purchase of Captive Insurance Managers of Phoenix LLC’s captive management business in Scottsdale, Ariz. The management of USA Risk Group (West) Inc. will continue to …
