Concord, N.H.-based Mt. Washington Assurance Corp. has partnered with The Savings Bank Life Insurance Company of Massachusetts to offer a discounted auto insurance rate to SBLI’s more than 22,000 New Hampshire customers. New Hampshire SBLI policyholders will be eligible to …
HKMB International Insurance Brokers announced that it has entered into an agreement to purchase the Toronto and Vancouver operations of Morris & Mackenzie Inc. and will integrate the operations of the two offices into its own during the first quarter …
Thomas J. Norris, executive director of American Bar Insurance Plans,. announced an alliance with JMB Insurance of Chicago to provide health care and benefit brokerage and insurance consulting services to law firms. According to Norris, the alliance, called ABI Benefit …
MMC Securities Corp., an affiliate of Marsh Inc., has completed a $510 million alternative collateral program on behalf of the North Carolina Self-Insurance Security Association for its security fund. The North Carolina Self-Insurance Security Association provides workers compensation benefits directly …
California-based Strongwood Insurance Holdings Corp., owner of Networked Insurance Agents in the western states, has acquired Northeast Agencies Inc., a Buffalo, N.Y.-based aggregator of commercial and personal lines for insurance agents. Incorporated in 1984, Northeast Agencies has offices in Ft. …
Bermuda’s Aspen Insurance Holdings Limited announced the completion of an innovative insurance policy “which,” it said, “has characteristics similar to a credit derivative. The policy is for up to $420 million of reinsurance receivables, in a transaction with Deutsche Bank, …
XL Specialty Insurance Company, a unit of Bermuda-based XL Capital Ltd., has launched a new Commercial Marine Liability (CML) policy available through its Marine & Offshore Energy (MOE) unit. “Designed for shipyards, marine terminals, stevedores and other maritime operations, XL …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of National Grid Insurance Company (NGICL), a captive insurer of the power company National Grid plc, based on the Isle of …
Bermuda-based ACE Limited has announced the following earnings guidance for the ACE Group of Companies for the full year 2007: — Earnings per Common Share are expected to range between $6.65 and $7.15; our current forecast is at the midpoint …
Catlin Insurance Company Ltd. (Catlin Bermuda), a subsidiary of the Bermuda-based Catlin Group Limited, announced the launch of “an insurance and reinsurance product that provides affordable coverage for acts of nuclear, chemical, biological or radiological (NCBR) terrorism.” Catlin’s pointed out …
