Fire Deaths Decline in Maine
Maine saw a downturn in fire-related deaths in 2007. As the year came to a close, the state had recorded 11 fire deaths, which could beat the previous all-time record low of 12 fire deaths in 1995. But the number …
Earthquake in Nov. First to Trigger Caribbean Disaster Insurance Pool
A powerful earthquake that rocked the eastern Caribbean last month has for the first time triggered use of an insurance pool that provides emergency cash to regional islands after a significant natural disaster. The magnitude-7.4 quake, which was centered beneath …
Ironshore Completes Acquisition of Excess Surplus Shell; Plans Expansion
Ironshore Holdings (U.S.) Inc. has completed the acquisition of TIG Specialty Insurance Co., a U.S.-based excess and surplus lines insurance company, from TIG Insurance Co. Subject to regulatory name change approval, the company will be renamed Ironshore Specialty Insurance Co. …
CarInsurance.com Adds Insurance Carriers for 2008
CarInsurance.com, which sells auto insurance over the Internet, has added more carriers to its current 28 state agency product offering. In November and December 2007, the firm expanded and now offers Encompass Insurance – Allstate and Progressive Drive in Arizona; …
Fitch Analyzes Brazil’s Overhaul of Reinsurance Rules
Fitch Ratings said it has “reviewed the main changes introduced by Resolutions 168, 169, 170, 171 and 172 of Brazil’s National Private Insurance Board, published in December 2007.” See also IJ web site: https://www.insurancejournal.com/news/international/2007/12/27/85928.htm Initially Fitch determined that the changes …
Fairfax Completes Cunningham Lindsey Deal with Stone Point
Fairfax Financial Holdings Limited and the Cunningham Lindsey Group Inc. announced that they have closed the previously announced sale transaction with Trident IV, L.P., a private equity fund, managed by Stone Point Capital LLC, and certain affiliated entities, collectively Stone …
Willis Re January Renewal Report Finds Lower Rates
Willis Group Holdings has released its annual reinsurance renewals report for January 2008 with the rather ominous subtitle “Settling or Sinking?” The report highlights “one of the major trends witnessed in this year’s renewals” – a rapidly softening market. As …
Research & Markets Publishes Europe Insurance Survey
Dublin-based Research and Markets has added “Insurance in Europe” to their offering. The study gives an industry profile, which R&M describes as “an essential resource for top-level data and analysis covering the insurance industry. It includes detailed data on market …
Guy Carpenter Publishes Reinsurance Review
Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing and market conditions across the global reinsurance industry into …
Georgia Insurance Agent Group Names Associate Director
The Professional Insurance Agents of Georgia announced the promotion of Carolyn B. Dodd to associate director. Dodd will have a key role in the association’s management and will direct PIAGA’s education programs and membership development. Dodd joined PIAGA in 1999 …
