Monthly Archives: <span>January 2008</span>

OneBeacon’s Medical Technology Insurance Includes Products Liability

OneBeacon Insurance Group thas a new insurance product, @vantage for MedTech, which offers products liability protection for businesses that develop, manufacture or distribute medical devices. Highlights of the Products Completed Operations Liability coverage in @vantage for MedTech include automatic extensions …

A.M. Best Affirms Ratings of Alabama’s Alfa Corp. and Subsidiaries

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Alabama-based Alfa Insurance Group and its members. Concurrently, A.M. Best has affirmed the ICR and debt ratings of …

Va. Court to Rule on Malpractice Immunity for Charitable Care

The Virginia Supreme Court is expected to rule this spring on case that would spare tax-exempt physician foundations from malpractice suits because of their charitable care for the poor. Parties in the debate call it the most significant matter taken …

Guy Carp to Open Prague Office

Guy Carpenter & Company, announced that it will be opening an office in Prague on March 1, 2008, to further develop business and serve clients based or conducting business in the Czech and Slovak Republics. The new office will be …

Swiss Re Names Schneider to Head Mexico Brokers

Richard Schneider, an 11-year veteran of Swiss Re, has been appointed Office Head of Swiss Brokers Mexico. He succeeds Carlos Boelsterli, who has assumed the role of Head of Client Management for Latin America. Schneider is located in Mexico City …

1908 Pa. Opera House Tragedy Ushered in Fire Safety Rules

Panic spread through the audience as quickly as the flames devouring the highly flammable stage curtains. Nearly 400 people had packed the Boyertown, Pa. opera house to watch or perform in a play called “The Scottish Reformation.” Now all of …

Watchorn Joins Willis M&A Practice Group

Willis Group Holdings has appointed Alena Watchorn to its Mergers & Acquisitions Practice Group as an Executive Director. She joins Willis from HSBC Insurance Brokers, where she headed up the corporate finance team and simultaneously built an environmental insurance advisory …

UK’s Chartered Insurance Institute in Middle East Training Partnership

The UK’s Chartered Insurance Institute (the CII Group) announced “a strategic partnership for the Middle East” with JWZ Insurance Solutions, a newly-formed insurance training and educational consultancy firm, under the brand name CII Saudi Arabia. “JWZ is now the exclusive …

UK to Relaunch Nuclear Power Plants

In a controversial decision the government announced that it will approve “a building program for a new generation of nuclear power stations, citing environmental reasons and the need for energy security in a turbulent world,” notes a bulletin on the …

Electronic Trading Milestone as Aon Renews 80% of Re Treaties with RI3K

The London reinsurance market will never be the same following 2007’s year-end reinsurance treaty renewals. Faced with a potential last minute logjam, as cedents held back their after renewals in the hope of achieving more favorable terms, Aon put RI3K’s …