Standard & Poor’s Ratings Services stated that its ratings on the core operating companies of Italy’s Generali Group (AA/Negative/–) are unaffected by the termination of the agreement relative to the joint venture Intesa Vita, which will not be renewed. “Alleanza …
Lloyd’s announced that Tom Bolt has been appointed as the new Underwriting Performance Director, effective early this fall. He will take over from Rolf Tolle who will retire at the end of the year. Bolt has more than 25 years …
Bermuda-based Flagstone Reinsurance Holdings Limited announced that Dominic Kirby will replace Tom Bolt as Managing Director of Marlborough Underwriting Agency Limited, effective August 1, 2009. Kirby has been employed at Flagstone since July 2007, most recently overseeing the Marine and …
Global insurance broker Lockton announced that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an insurance broker in the Dubai International Financial Centre (DIFC). Lockton said the opening of the “Dubai office …
The Bermuda-based Catlin Group Limited said that under the terms of a 2 for 5 Rights Issue, announced on February 12, 2009, valid acceptances have been received in respect of 98.68 percent of the total number of New Common Shares …
XL Insurance, the global insurance operations of XL Capital Ltd., announced that it has appointed Tony Cabot as Director of Global Programs. He will be based in Zurich and will be “responsible for leading the unit that provides multinational clients …
Allied World Assurance Company Holdings announced the opening of a branch office in Hong Kong in order to expand its operations into Asia. Bill Cotter, Senior Vice President, Asia, will oversee all Asian insurance operations from the new office. “Initial …
In a letter sent to the California Workers’ Compensation Appeals Board, John C. Duncan, administrator of the Uninsured Employers Benefits Trust Fund and the Subsequent Injuries Benefits Trust Fund, requested Chairman Miller and the Commissioners to vacate their decisions in …
The North Dakota Insurance Department’s office at 1701 South 12th Street is closed until further notice due to flooding. Several staff members will be working out of the capitol tower office. For more information, contact the Department at insurance@nd.gov.
When it comes to an agency’s satisfaction with its personal lines insurance companies, commissions do not rank as tops. Nor do commissions rank second. In fact, out of six satisfaction factors, compensation from an insurer ranks dead last, according to …
