The Main Street America Group, a super regional property/ casualty insurance carrier, announced that the U.S. Treasury Department has raised its NGM Insurance Co.’s single surety bond capacity threshold with limits available up to $54 million per bond. “The U.S. …
Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., announced the following executive moves in its property division effective immediately: Michael Kmetz has been promoted to senior vice president and will be the new business unit executive for Global …
New York Governor Eliot Spitzer has created a commission to identify ways for New York to enhance its status as a world financial capital by modernizing its regulatory scheme and perhaps merging state regulation of insurance, banking and securities. “The …
Cayman Islands-based Greenlight Capital Re, Ltd. announced the completion of its initial public offering of 11,787,500 Class A Ordinary Shares including 1,537,500 Class A Ordinary Shares sold pursuant to the underwriters’ exercise of their over-allotment option (See IJ web site …
Sue Langley, previously Chief Operating Officer at Hiscox, is leaving the Bermuda-based/UK insurer to take up a new position as Lloyd’s Director, Market Operations and North America. She is expected to formally join Lloyd’s this summer Lloyd’s indicated that Langley …
Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the EU’s insurance community that the impact from the implementation …
Standard & Poor’s Ratings Services has revised its outlook on PartnerRe Ltd. and its operating subsidiaries– Partner Reinsurance Co. Ltd., PartnerRe S.A., and Partner Reinsurance Co. of U.S. (collectively, PRE) to stable from negative. S&P also affirmed its “A” counterparty …
Global broker Willis, in its latest “Property Alert” indicates that the “the global capacity, pricing regimens, terms and conditions for both Cat Risks and non-Cat Risks in the global property insurance market are changing more rapidly than many would have …
Oakland, Calif.-based Eqecat Inc., a subsidiary of ABSG Consulting Inc. and an extreme-risk modeling company, has launched an Offshore Energy Model for the Gulf of Mexico region. The model is designed to help “insurers and energy producers quantify their offshore …
Florida’s newest Urban Search and Rescue Training Facility was dedicated on the Florida State Fire College campus in Ocala on May 25 The state’s nine Urban Search and Rescue Task Forces and 53 Light Technical Rescue Teams, many of which …
