A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although A.M. Best says there continues to be evidence of pricing deterioration, the level of deterioration thus far …
Unitrin, Inc. reports that its subsidiary, Trinity Universal Insurance Co., is buying Merastar Insurance Co. certain of its affiliates in a cash transaction valued at approximately $45 million. Merastar Insurance is based in Chattanooga, Tennessee and specializes in the sale …
Greg Case, Aon’s president and CEO, told an attentive London audience (as summarized on the Lloyd’s web site – www.lloyds.com) that the City would retain its pre-eminence in the global risk and insurance market, but it needs to speed up …
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
Swiss Re announced that it has completed the repurchase of more than 16 million shares, approximately 50 percent of General Electric’s stake in Swiss Re, for CHF 102.96 ($84.87) per share. Swiss Re announced plans to repurchase the shares last …
The Bermuda-based Arch Capital Group Ltd. announced that its Board of Directors has authorized the Company to invest up to $1 billion in the Company’s common shares through a share repurchase program. “Repurchases under the program may be effected from …
Bermuda-based Quanta Capital Holdings Ltd. announced that it has entered into definitive agreements with Chaucer Holdings PLC, the specialty Lloyd’s insurer, and the senior underwriting team of Syndicate 4000, forming a joint venture called Pembroke JV Limited, which will own …
The average uninsured Massachusetts residents could obtain health care coverage for as little as $175 a month under the state’s insurance law, Gov. Deval Patrick announced as he released the results of negotiations with the state’s health insurers. The lowest …
Florida homeowners could see average property insurance savings ranging from around 10 percent in the Panhandle to more than half the cost of their policy in South Florida because of a new law, state insurance officials said. Statewide, homeowners with …
The widow of a congressman who died from asbestos-related cancer has urged Congress to pass legislation that would ban the substance. Sue Vento told a Senate panel last week about the battle waged by her late husband, Bruce Vento, against …
