Monthly Archives: <span>July 2008</span>

OneBeacon Files $1 Billion Shelf Registration; S&P Assigns Ratings

The Bermuda-based OneBeacon Insurance Group announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Standard & Poor’s announced that it “has assigned its preliminary ‘BBB’ senior debt, ‘BBB-‘ subordinated debt, …

ACE Europe Names Fox Development Manager for UK Regions

ACE Europe has announced the appointment of Ian Fox as Development Manager for the UK Regions. He will be responsible for managing and building ACE’s broker relationships across its eight UK regional offices (Birmingham, Glasgow, Leeds, Maidstone, Manchester, Newcastle, Reading …

UK’s Barbican Group to Use AIR’s Cat Risk Management Systems

Boston-based AIR Worldwide Corporation (AIR) announced that Barbican Insurance Group has licensed its catastrophe risk management systems. Barbican trades as Lloyd’s Syndicate 1955 and writes a broad range of Property Direct & Facultative, Casualty Treaty, Marine Treaty and UK regional …

Lloyd’s Dedicates Two Memorials to Honor War Dead

Lloyd’s held a special service on July 2 to dedicate and unveil two new War Memorials commemorating Lloyd’s associates who lost their lives during the First and Second World Wars. The memorials, which were unveiled by Lloyd’s Chairman, Lord Levene, …

Marsh Receives Qatar License

Marsh has been authorised by the Qatar Financial Centre (QFC) Regulatory Authority to provide a broad range of insurance broking and risk advisory services in Qatar. Duncan Buchanan, CEO of Marsh Qatar LLC, commented: “This is excellent news for our …

Unitrin Specialty & Red Shield Insurance Company Form Marketing Venture

July 3 2008 – Unitrin Specialty and Red Shield Insurance Company announced today that the two companies have formed a marketing relationship that will benefit both company’s appointed agents in Oregon and Washington. Unitrin Specialty offers commercial auto coverage and …

Monarch E&S Names Kaufman COO

Monarch E&S Insurance Services promoted Mark Kaufman to the position of chief operating officer. The company said the position is commensurate with the duties he has been taking on over the past year. He will be sharing the day to …

Insurance Crime Bureau Web Site Lists Total Loss Vehicles

The National Insurance Crime Bureau (NICB) has created a new Web-based service with total-loss data for consumers so they can learn if a vehicle has previously been severely wrecked, flooded or stolen. The NICB’s VINCheck (www.NICB.org) allows consumers to check …

Red Sox, City Balk at Inspection Doubts; Say Fenway Park Safe

City and Red Sox officials say Fenway Park is safe despite what appear to be just cursory annual safety inspections of the 96-year-old stadium. According to a report in The Boston Globe, the safety inspection record on file at city …

5 Million Michigan Residents Will Travel over July 4 Holiday, Says AAA