The Bermuda-based Max Capital Group Ltd. announced that Max Specialty Insurance Company, a Delaware licensed insurer, is now approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico. Max Specialty’s President …
SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration of the transaction amounts to …
Despite a slight drop in total revenues, Bermuda-based Platinum Underwriters Holdings reported net income for the second quarter of 2009 of $98.1 million, compared to $99.755 million in Q2 2008. On a diluted earnings per share basis, however, Platinum returned …
The Professional Independent Insurance Agents of Colorado (PIIAC) is sseeking nominations recognizing outstanding service to the association or to the insurance industry. The awards recognize individuals in several different categories and will be presented at PIIAC’s Annual Awards & Recognition …
Insurance premiums and claims for doctors both have dropped significantly in recent years, while the medical malpractice insurance industry is enjoying “remarkable profits” in light of the global economic collapse, a study released by Americans for Insurance Reform finds. The …
A proposal to overhaul the way doctors and hospitals are paid in Massachusetts, a pioneer in healthcare, could help hold down spiraling costs and may have lessons for Washington as it grapples with reforming the U.S. health system. A state-appointed …
Clements International, a Washington, D.C.-based provider of global insurance solutions, has named J. Christopher Beck president. Beck was previously senior vice president of the company. Beck has led the sales divisions of Clements International since 2000. With more than 20 …
Shannon Kelly, 21st Century senior vice president, West region, has announced a $34 million rate reduction for 21st Century Auto Insurance Co. policyholders in California. This represents an average decrease of 3.4 percent. As the seventh largest auto insurer in …
Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a core member of the QBE Group,” explained credit analyst …
Health insurance advisors, independent agents and brokers, consultants and employee benefit specialists combined forces again recently to voice their concerns over the single most important issue for insurance providers today: opposition to a public insurance option as part of any …
