Risk Management Solutions (RMS), has released its initial estimate for insured losses from Windstorm Kyrill, indicating that it expects them to be between €3 billion and €5 billion ($3.9 billion and $6.5 billion). RMS’ estimates are somewhat lower than fellow …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a+” of UK-based Heddington Insurance Limited (HUK), a captive company of Chevron Corporation. The outlook on both ratings remains stable. “HUK benefits …
The UK’s Financial Services Authority (FSA) announced that “the insurance industry has met the challenge laid down to achieve a solution to contract certainty in the UK. This has resulted in a more efficient market for buyers, brokers and insurers …
The Contract Certainty Steering Committee (CCSC), the London market’s insurance industry body responsible for leading the contract certainty initiative, welcomed the FSA’s announcement confirming that the industry has delivered on its objective of contract certainty (See previous article). “Since December …
Aon has announced a major realignment in its London and Bermuda offices that handle major corporate global risks. The world’s number 2 broker is centralizing those operations in Bermuda, and is moving a high level executives from the London office …
Julie Abel joins Brown Smith Wallace as staff accountant in the insurance and reinsurance services group. Abel is responsible for carrying out audits of insurance companies as well as completing statutory financial statements. Prior to joining Brown Smith Wallace, Abel …
A new online search tool will help Florida homeowners who are participating in the My Safe Florida Home program find approved contractors. By visiting www.mysafefloridahome.com, homeowners may search by county or type of work performed from a universe of nearly …
“What happened to the 2006 Atlantic hurricane season?” This question and others will be addressed by Max Mayfield, newly retired director of the National Hurricane Center, during his keynote address at the Eighth Annual Windstorm Insurance Conference, set for Jan. …
Commercial insurance premiums continued their decline in all but catastrophe-exposed areas during the fourth quarter of 2006, with insurers willing to lower prices and place fewer restrictions on coverage to get new business, according to the latest market survey by …
The recent death of a skier who collided with a snowboarder at Mount Hood Meadows is triggering demands for safety on the slippery slopes of Oregon ski areas. “People are constantly asking me about it,” says Dick Knowles, director of …
