Standard & Poor’s Ratings Services has revised the outlook on the long-term counterparty credit and insurer financial strengths ratings on Gibraltar-based non-life insurer Southern Rock Insurance Co. Ltd. to positive from stable. S&P said it made the move based on …
It may come as a bit of a shock, but India, the country that’s become synonymous with out-sourcing, is facing a talent shortage. According to the Darwin Rhodes Group, India’s only specialist insurance recruitment company, the liberalization of India’s insurance …
Wanda Revells, CIC, has joined Universal North America Insurance Co. as assistant vice president of marketing and agency relations for Arizona and Nevada. She will oversee development and execution of market strategy to support new production and growth initiatives. Universal, …
Legislation approved Monday by the Washington House of Representatives is unnecessary and limits consumer choice, says the American Insurance Association (AIA). “Policymakers just enacted a law in 2007, SB 5052, that guarantees the right of policyholders to select an auto …
A struggle between South Carolina Gov. Mark Sanford’s office and a commission that determines how much money injured workers receive is in federal court this month. A restraining order blocking the state Workers’ Compensation Commission from following an executive order …
Bermuda’s ACE Limited announced that, “subject to market conditions, its subsidiary, ACE INA Holdings Inc., intends to sell up to $300 million of senior notes. The notes will be fully and unconditionally guaranteed by ACE Limited.” The net proceeds from …
Chicago-based Aon Corp. (NYSE:AOC) reported on Thursday, February 7th, results for the fourth quarter and full year ending Dec. 31, 2007. Net income decreased 7percent to $207 million or $0.64 per share, compared to $223 million or $0.67 per share …
Jimcor Agencies, a Montvale, NJ-based excess and surplus lines wholesaler, has named Jan Jepsen branch manager of its Montvale office and promoted Renee Azelby to branch manager of its southern N.J. office, which will soon relocate to Mount Laurel. Jepsen …
The Washington, D.C.-based the American Insurance Association (AIA) says state legislative sessions opening across the Midwest will see a focuc on proposals dealing with workers’ compensation, liability reform, auto insurance and credit-based insurance scoring.. “Preserving competitive marketplaces and defeating measures …
Two wings of Ninety Six, S.C., High School have been closed after architects said they were worried about the safety of the roof. School district superintendent Dan Powell says the school was to close Thursday so officials can prepare to …
