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 2010. At the same time Best affirmed the ICR of “bbb+” of Cathedral Capital Holdings Limited, the non-operating …
According to a bulletin from Marsh’s London office the “increase in the number of companies considering an initial public offering (IPO) or general capital raising is behind a surge in interest in taking out directors’ and officers’ liability and specialist …
France’s AXA Group, which ranks alongside Allianz as Europe’s two biggest insurers, said its business environment was getting better despite reporting a dip in nine-month sales on Thursday. Sales fell to €68.094 billion ($100.4 billion). Analysts in a Reuters poll …
XL Capital has profited from the old adage that “less is more,” as the Bermuda-based insurer rebounded from a disastrous year in 2008. Although it posted an $11.4 million loss for the third quarter of 2009, that pales to insignificance …
Eight people have been arrested for more than a third of the 34 fires police say were intentionally set in the last two years in New Castle in western Pennsylvania. “Hopefully, we can rest a little easier now, however our …
Swett & Crawford has hired Carmela Noto as a broker in the insurance wholesaler’s Morristown, New Jersey office. The insurance industry veteran has long-term experience in marketing and managing commercial insurance portfolios and spent the bulk of her 20-year career …
The Insurance Industry Charitable Foundation (IICF) said NBC News Correspondent Tom Brokaw will be its special guest speaker for the 2009 New York Division Gala. The event is being held on December 9 at the Waldorf Astoria Hotel in New …
Greensboro, North Carolina-based Key Risk, which provides workers compensation insurance throughout the eastern United States, promoted Mike Marcus to the position of vice president and corporate marketing officer. His appointment is effective immediately and he will report to Rob Standen, …
Cell phones, smart phones, MP3 players, computers, e-mail, the list goes on and on of technological inventions that are part of our everyday lives. The observation that electronic data density doubles every 18 months—was first conceived in the mid-60’s by …
Flood-displaced Iowa residents staying in mobile homes provided by the Federal Emergency Management Agency (FEMA) will be charged rent after November, a FEMA spokeswoman said. Crystal Payton, a FEMA spokeswoman in Des Moines, says that such rental charges are standard …
