Standard & Poor’s Ratings Services has said that its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on Swiss Re “are unaffected by its disclosure, as part of its first-quarter 2008 earnings announcement (See IJ web site – https://www.insurancejournal.com/news/international/2008/05/06/89725.htm), …
Willis Group Holdings has announced three senior appointments to its Global Specialties division. Keith Anderson will assume the role of Chief Financial Officer (CFO) for Global Specialties, Nick Dunlop has been appointed as Sales Director for the division and Giles …
Cyclone Nargis, which made landfall in the Irrawaddy delta region in Myanmar (Burma) on Saturday, is likely to become the third most deadly event so far in the 21st century (after the 2004 tsunami and – so far – the …
In addition to its earnings announcement (see related article), Bermuda’s Max Capital Group Ltd. announced the election of James H. MacNaughton as a Director of the Company, thereby filling a vacancy on its eleven-member Board of Directors. “Max is fortunate …
Bermuda’s Max Capital Group Ltd. increased its gross premiums written by over 30 percent from $213.6 million to $306.6 million in the first quarter of 2008. Unfortunately, that wasn’t sufficient to escape the credit crunch that has affected most of …
Amlin plc, one of Lloyd’s largest insurers, has announced its intention to form a new Investment Management Partnership with John Wells, who will become Chairman, and Luca Albertini, who will become Chief Executive. The new venture, which is subject to …
JCB Co. Ltd., a global payment brand and lcredit card issuer and acquirer in Japan, recently selected Hawaii as the home for its new captive insurance subsidiary, PermCore Insurance Co. Ltd. Commissioner J.P. Schmidt issued a license to PermCore on …
Rumors that California is considering selling the State Compensation Insurance Fund to help close the state budget gap are true, but government officials said the idea has amounted to no more than discussion at this point. Gov. Arnold Schwarzenegger’s Administration …
California’s State Compensation Insurance Fund appointed Pedro Ruiz attorney-in-charge for the Monterey Park Subrogation Unit. Ruiz joined the organization’s Los Angeles District Office in 1989 when he was hired as a claims adjuster. He garnered “Adjuster of the Year” honors …
Mercury General Corp. announced its first quarter results, noting it had a net loss of $4 million in the first quarter of 2008, compared with net income of $60.5 million for the same period in 2007. Included in net (loss)/income …
