Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $153.8 million and $2.51 per diluted common share for the third quarter of 2009, compared to a net loss of $99.4 million and $1.79 per diluted common share in the third …
Marsh has appointed Simon Curtis as Chief Operating Officer (COO) of Marsh UK. He is based in London, and will report to Martin South, CEO Marsh UK. Curtis succeeds Ian Clarke, who has accepted a senior management position within Marsh’s …
A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 33, which is managed by Hiscox Syndicates Ltd (HSL). Best also affirmed the ICR of “bbb+” of Hiscox …
Guernsey’s government joined Bermuda’s in welcoming the final report of the ‘Foot Review’ [see IJ web site – https://www.insurancejournal.com/news/international/2009/10/30/104932.htm]. Guernsey’s Chief Minister Deputy Lyndon Trott stated: “In my view this report vindicates the position of Guernsey and the other Crown …
A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of Hiscox Insurance Company (Bermuda) Limited, the UK-based Hiscox Insurance Company Limited (Hisco), Hiscox Insurance Company (Guernsey) Limited and Hiscox …
According to catastrophe risk modeling firm AIR Worldwide, a major tropical cyclone is threatening the northern Philippines for the fourth time in the past month. AIR rported that Typhoon Mirinae is expected to make landfall on the major island of …
The Bermuda Monetary Authority has reacted favorably to recommendations listed in the recently published “Foot Report,” which examines the role of offshore British financial centers, and their relation to the UK. The BMA said it “welcomes the publication of Mr. …
Global professional services firm Towers Perrin has named Steve Levene practice leader for its retail insurance brokerage business. Levene’s responsibilities will include strategic risk management programs for corporate and public entity clients. He is based in the firm’s Stamford, Conn. …
An investigation by the National Transportation Safety Board has determined that a tire puncture caused a bus crash in August 2008 that killed 17 members of Houston’s Vietnamese Catholic community. The finding was adopted by the three-member board after hearing …
San Mateo, Calif.-based retail insurance broker Edgewood Partners Insurance Center (EPIC) has appointed Kenyon C. Hall as principal and vice president of property broking. A Georgia native, Hall will be based in Atlanta. For the past 10 years, Hall has …
