Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro. Lloyd’s Chairman, Lord Levene, noted the …
The Bermuda-based Max Capital Group Ltd. reported net income for the three months ended December 31, 2007, of $62.4 million, or $1.00 per fully diluted share, versus net income of $95.4 million, or $1.50 per fully diluted share, for the …
A.M. Best Co. has affirmed its Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’ s Syndicate 382, which is managed by Hardy Underwriting Agencies Ltd. (HUA). Best also affirmed the ICR of “bbb” …
Zurich Financial Services Group has reported strong growth in all business segments, resulting in net income for 2007 of $5.626 billion, a 22 percent gain from the $$4.62 billion achieved in 2006. Business operating profit rose 10 percent to $6.614 …
President Bush’s proposed budget would include millions more in funding to improve hurricane forecasts and further research the storms, a federal official said at a recent regional discussion of the budget. The National Oceanic and Atmospheric Administration’s number two official, …
The earthen seal at a former underground coal mine in Delbarton, W. Va., sprung a leak, sending thousands of gallons of water through the yards of several homes and onto a state highway, officials said Tuesday. The seal was designed …
Three men have been charged in the firebombing of a Columbia, Tenn., mosque over the weekend, federal prosecutors said. Authorities said Eric Ian Baker, 32, Michael Corey Golden, 23, and Jonathan Edward Stone, 19, had planned for a week to …
A blaze that destroyed several homes in South Carolina and led to the evacuation of 60 others started as a trash fire that was initially doused by two fire agencies, but reignited a day later into a wind-whipped 240-acre wildfire, …
Specialists arrived in Port Wentworth, Ga., Tuesday to help extinguish a five-day-old sugar-refinery fire burning too intensely and deeply for standard firefighting to douse, and officials feared the deadly blaze could once again trigger explosions. Thick masses of molten sugar …
Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. announced it has named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced underwriter with more than 20 years of insurance industry …
