Fitch Ratings has issued a bulletin from its Hong Kong/Singapore offices indicating that “based on preliminary estimates, the earthquake in China is not expected to have a material impact on the balance sheets of the Hong Kong-listed Chinese insurance companies.” …
The Bermuda-based Argo Group International Holdings, Ltd. announced that all conditions of its acquisition of Heritage Underwriting Agency plc. have been satisfied or waived and, as a result, its offer is wholly unconditional and the transaction has been effectively completed. …
The Bermuda-based Catlin Group Limited, which also does business in the U.S. and the Lloyd’s Market, has released an interim earnings statement, following the Company’s Annual General Meeting, indicating that its results were “in line with the outlook for 2008 …
Bermuda-based Arch Capital Group Ltd. has announced that Mark Lyons has been promoted to the position of Chairman and CEO of Arch Worldwide Insurance Group, effective July 2, 2008. He joined Arch in 2002 and currently serves as President and …
Munich Re, working with Aon, has arranged a securitization for Japanese insurer Zenkyoren, the National Mutual Insurance Federation of Agricultural Cooperatives, through Muteki Ltd., an exempted company in the Cayman Islands, to transfer Japanese earthquake risks to the capital markets. …
Bermuda-based PartnerRe Ltd. has announced two executive changes in its PartnerRe Global (non-U.S.) operations – comprised of the Global P&C, Global Specialty and Global Catastrophe units and a Life Reinsurance unit. Costas Miranthis, currently Deputy CEO, PartnerRe Global, will be …
The Colorado Supreme Court has ruled that an employer must pay temporary disability benefits to an employee although the employee had been suspended. According to Sigala vs. Atencio’s Market, Eva Sigala was injured on the job, and her employer, Atencio’s …
Rancho Cordova, Calif.-based WIAA Insurance Services has expanded its strategic partnership with San Diego-based Barney & Barney LLC to include a specialty line insurance program with its environmental risk program. B&B, a member of Assurex Global, launched the environmental facility …
Reno, Nev.-based Employers Holdings Inc. reported net income for the first quarter in 2008 was $25.5 million, down from the $27.9 million earned in the same period in 2007. First quarter net premiums earned declined $13.9 million or 15.5 percent …
M.J. Hall and Co. Inc. has named John Stawecki vice president/branch manager and broker in its Woodland Hills, Calif., office. Stawecki will focus on the casualty side of the excess and surplus insurance business including: primary casualty, excess and umbrella …
