Standard & Poor’s Ratings Services has placed its “A” long-term counterparty credit and insurer financial strength ratings on Luxembourg-based marine insurer British Marine Luxembourg S.A. (BM) on CreditWatch with positive implications. “The CreditWatch placement reflects the expected change to BM’s …
Standard & Poor’s Ratings Services said that its ratings and outlook on U.K.-based insurance holding company Prudential PLC (A+/Stable/A-1) and related operating entities are unaffected by the announced sale of U.K.-based Internet bank Egg Banking PLC (not rated) to U.S. …
The global debate on Climate Change has gone from a sideshow to the main event, taking over the front pages of many newspapers. The Intergovernmental Panel on Climate Change (IPCC) Conference, currently taking place in Paris, follows closely on the …
Hannover Re said it expects a net loss of €120 to €180 million ($155 to $233 million) before tax as a result of windstorm Kyrill. The bulk of the expenditure is attributable to claims in Germany. Hannover Re said the …
Chicago-based The Park Group, a wholesale insurance brokerage has announced the promotion of Peter Upjohn to the position of manager of the newly established Professional Liability Brokerage Department. Upjohn is responsible for the majority of the professional liability lines of …
San Diego, CA – San Diego-based Arrowhead General Insurance Agency, Inc. today announced Stephen Boyd has been promoted to chief information officer, effective immediately. Boyd was previously senior vice president of information systems and under his leadership Arrowhead emerged as …
Arthur J. Gallagher & Co. today announced the signing of a definitive agreement to acquire the Lowndes Lambert Group Canada, Ltd. headquartered in Toronto, Ontario. Terms of the transaction were not disclosed. The transaction is expected to close mid-February, 2007. …
Perr & Knight, a provider of competitive intelligence services to the insurance industry, is now obtaining all approved property and casualty filings for all lines of business in Massachusetts, Maine, Rhode Island and Vermont. The company has been conducting business …
As America ages and the health sector expands to accommodate it, demand for this coverage is also growing Allied Medical Professional Liability insurance provides coverage for those risks associated with the use of Allied Health care Providers (AHPs), commonly known …
Agents should know that coverage is often overlooked because most general policies exclude vessels and boats How big is the United States ocean marine marketplace? The U.S. ocean marine market is quite large and diverse; the 2005 American Institute Report …
