ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has launched the second in an occasional series of audio “podcasts,” or Internet-distributed audio programs, discussing selected risk management topics. The most recent podcast is based on …
Standard & Poor’s Ratings Services said it withdrew its ‘A-‘ counterparty credit and financial strength ratings on 13 insurance subsidiaries of CNA Financial Corp. (NYSE:CNA). This action follows the merger of these companies into other insurance subsidiaries of CNA effective …
North Dakota Commissioner Jim Poolman recently imposed an $8,000 penalty against Blue Cross Blue Shield of North Dakota (BCBS) as a result of a market conduct exam that revealed various infractions of administrative rules specific to the marketing of Medicare …
Ill. Attorney General Lisa Madigan recently announced that a Cook County judge has sentenced a River Forest, Ill. man to seven and one-half years in prison for charges related to a scheme involving the sale of liability insurance to more …
Fred Risser jokes that he’s been in the Wisconsin Legislature so long, the state is tearing down buildings that he voted to construct. The Madison Democrat officially became the nation’s longest serving out of 7,500 current state lawmakers on Jan. …
Standard & Poor’s Ratings Services announced that it “has assigned its ‘BBB’ long-term preliminary ratings to the proposed U.S. dollar-denominated, perpetual, subordinated, callable, fixed-/floating-rate, noncumulative preferred shares and to the proposed fixed-/floating-rate, subordinated, callable notes to be issued by Bermuda-based …
A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 382, managed by Hardy (Underwriting Agencies) Ltd. (HUA). Best also assigned an ICR of “bbb” to Hardy …
Marsh has appointed David Bagnall as new sales and business development leader in the London office of its Financial and Professional Services Practice (FINPRO), the broker’s worldwide professional services division. He will be responsible for growing the business at a …
Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of natural hazard risk, announced the acquisition of HailCalc Europe, which it described as “the first fully probabilistic hail loss simulation software for Europe.” The …
The Bermuda-based ACE Tempest Re Group, an independent division of ACE Limited, announced the establishment of ACE Tempest Re Canada, a wholly owned managing underwriter that will write all lines of property and casualty reinsurance for the Canadian market. The …
