A state account that is used to pay for the cost of responding to natural disasters in South Dakota has been replenished by the Legislature to the tune of $1.5 million dollars. The money will be spent to handle remaining …
Chicago-based Aon Corp. recently released a statement saying that it supports Illinois Governor Rod Blagojevich’s efforts to craft a health care plan that would provide affordable coverage options to the uninsured and underinsured, and address catastrophic illness and injury. Aon’s …
Gov. Jim Douglas authorized the mobilization of a National Guard task force to assist the City of Montpelier, Vt. with preparations for a potential flood. It is estimated that the soldiers, working with the specially designed machine, can produce approximately …
Gov. M. Jodi Rell and the Office of State Ethics announced a new educational campaign designed to inform the public about the practice of lobbying. The “Are You A Lobbyist?” campaign will help educate the public about what it means …
Gov. Bob Riley visited a Montgomery, Ala. dry cleaners on Monday to promote his plan that would provide a tax incentive for small businesses to offer health insurance for their employees. At Dry-Cleaning Express in Montgomery, Governor Riley discussed the …
Bermuda’s XL Capital Ltd. intends to raise approximately $1.0 billion from an offering of Fixed/Floating Series E Perpetual Non-Cumulative Preference Ordinary Shares (Series E Preference Shares) pursuant to its currently effective shelf registration statement. “The Series E Preference Shares offered …
The newly Bermuda-based Hiscox Ltd. announced greatly improved preliminary results for the year ended December 31, 2006, with record pretax profits of £201.1 million ($388 million) compared to £70.2 million ($135.5 million) in 2005, a 186 percent rise. Other earnings …
Aon Re Global, the Chicago-based broker’s provider of reinsurance brokerage services and integrated capital solutions, announced that it has reached “a global and comprehensive settlement with Benfield Group of all of the litigation relating to former Benfield facultative reinsurance employees …
Standard & Poor’s Ratings Services recently published a report entitled “Austrian Insurance Ratings Set To Stay Stable For Next Two Years, Drawing On Sound Credit Fundamentals.” It concludes that “credit fundamentals for Austrian insurers have generally improved in recent years …
Swiss Re announced plans to alter its current corporate structure within the European Union by forming three legal entities, based in Luxembourg. They “will serve as risk carriers for most of its European reinsurance and insurance business, operating via branches …
