GNY Insurance Companies has begun writing in the state of Michigan as it continues to expand in the Midwest. GNY is a group comprised of Greater New York Mutual Insurance Co., Insurance Company of Greater New York, Strathmore Insurance, and …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …
XL Capital received the inevitable negative reaction from the rating agencies following its announcement that it would pay $1.78 billion in cash and issue 8 million shares as part of a bailout plan to shore up former subsidiary Security Capital …
Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and various core operating entities. S&P also affirmed its ‘A-1+’ short-term ratings on AZSE and various core operating …
Catastrophe risk modeling firm AIR Worldwide has issued a bulletin indicating that insured losses in Taiwan from Typhoon Fung-Wong are unlikely to exceed $100 Million. Dr. Peter Sousounis, senior research scientist at AIR Worldwide stated: “Fung-Wong first made landfall Sunday …
Boston-based AIR Worldwide Corporation has expanded and relocated its London office. “The new space, which is more than twice the size of AIR’s previous London office, is designed to accommodate the increase in AIR’s London-based staff,” said the bulletin. “AIR …
ACE Limited reported after tax operating net income for the second quarter ended June 30, 2008, of $738 million, an 11 percent gain. Net income per common share was $2.20 after payment of preferred dividends, compared with $1.93 per share …
Marathon talks for a new global trade deal collapsed Tuesday after a clash over agriculture between the United States, the world’s biggest economy, and emerging heavyweights. The breakdown came on the ninth day as the United States and India failed …
More than a third of the patients who went to 37 primary-care health clinics across Colorado on a single day were uninsured, researchers said, suggesting that at least 1.35 million people statewide could be in the same dilemma. The voluntary …
Socius Insurance Services Inc., a San Francisco-based management liability and property and casualty insurance wholesaler, appointed Gregg Miller vice president in its new Miami branch office. Miller is charged with new business development responsibilities in Miami and the greater Southeast …
