In a “trading update the Bermuda-based Catlin Group Limited notes that “2006 was a remarkably catastrophe-free year, and claims experience for the non-catastrophe exposed portfolio has been generally favorable. The Group’s underwriting portfolio performed strongly overall.” Catlin indicated that the …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Ireland’s New Technology Insurance (NTI), an insurance subsidiary of the UK-based Carphone Warehouse Group plc (CPW). The outlook for both …
A.M. Best Co. has placed the issuer credit rating (ICR) of “bbb+” of Australia’s QBE Insurance Group Limited under review with negative implications. Best also placed all of QBE’s subsidiaries financial strength ratings (FSR), ICRs and debt ratings under review …
A.M. Best Co. commented that the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Winterthur Group (Switzerland) and its main subsidiaries remain unaffected following the announcement of the proposed acquisition of Winterthur US Group …
Newly formed Ironshore Inc. boldly announced that it will go where others fear to tread. With an initial capitalization of more than $1 billion, the Bermuda-based company said it will “begin underwriting specialty lines of insurance immediately through its Bermuda-based …
A federal judge has sentenced a man to more than two years in prison for fraudulently collecting more than $1.2 million from schools and colleges in Indiana, Illinois and other states for sports accident insurance. Steven L. Kitchin, 39, of …
A state Court of Appeals judge who once worked as an insurance agent will join the Kansas Supreme Court this week. Gov. Kathleen Sebelius announced that she appointed Lee A. Johnson. He will replace Justice Donald Allegrucci, who is retiring …
Amy and Ted Harrison Sr. are being sued over a car crash that left their son permanently disabled, and they hope they lose the case now before the Minnesota Supreme Court. The plaintiff is their son, Teddy Harrison, who was …
Education, health care and workers’ compensation insurance top legislators’ lists of things they’ll address when they return to Columbia on Tuesday for the 2007 legislative session. The first week includes some ceremony as Gov. Mark Sanford will be sworn in …
New York Marine And General Insurance Co. said it will continue writing a book of excess workers’ compensation insurance through Midlands Management Co. and that its previous reinsurance agreement with Twin Bridges, Ltd., a wholly-owned subsidiary of CRM Holdings, Ltd. …
