According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday. AIR noted that “shortly after Gustav came ashore in Louisiana, Hanna began battering the southeastern …
Bermuda-based Endurance Specialty Holdings Ltd. announced the appointment of Lauren Kent as Senior Underwriting Manager and Head of Reinsurance for Endurance Worldwide Insurance Limited in London. She has 18 years of industry experience including five years with Endurance, where she …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of Allianz S.p.A. (Italy) with stable outlooks. Best said its ratings “reflect the enhancement received from the implicit support of Allianz S.p.A.’s …
An analysis of the global reinsurance sector from Fitch Ratings London office concludes that the outlook “”remains stable.” Fitch said it “believes that individual companies’ operating performance, capitalization, and anticipated market conditions, despite their deterioration over the past year, will …
New players in London’s specialized cash in transit (CIT) coverage market could lower the premiums paid by Global security firms by “up to 20 percent” according to a bulletin from Aon’s fine art & specie team. Aon said it welcomes …
The California Supreme Court held that under the California Arbitration Act (CAA), parties to an arbitration agreement may agree to expanded judicial review of an arbitration award for legal error, according to Cable Connection, Inc. v. DIRECTV, Inc. (Aug. 25, …
CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., reports it has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S) insurance broker that specializes in high-risk personal and …
Responding to the increasing exposure of hospitals and healthcare facilities to baby and child abductions, violence to patients, staff and property, and other related threats, insurance wholesale brokerage Swett & Crawford is offering Hospital Threat and Abduction insurance coverage. Coverage …
Officials in Milford, Connecticut say a 29-year-old man has been hospitalized for traumatic injuries after he was pinned under a 1,000-pound freight elevator. Firefighters were called to the Optical Polymers International building on West Main Street last week to help …
Planned renovations to the Rehoboth Beach, Delaware boardwalk will make it possible for fire trucks to drive on it. Boardwalk Committee Chairman Stan Mills says reinforcements to the center section will allow it support 20 tons, enough for a small …
