A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China) Limited. Best also affirmed the ICR of “a” of the Society of …
The Chubb Corporation announced that the China Insurance Regulatory Commission (CIRC) has granted approval to its wholly owned subsidiary, Chubb Insurance (China) Company Limited, to establish a branch in Nanjing, Jiangsu Province. Chubb said that additional approvals from CIRC and …
Insurance industry veteran Walter B. Ryburn has died, following a six-month battle with cancer. Ryburn has been in the insurance industry in Los Angeles since the 1960s. He was most recently with Markel Insurance Services, and Brittany. In the past, …
Oklahoma City-based Midlands Management Corp. announced it has been selected as the endorsed workers’ compensation program provider for members of the Oklahoma Restaurant Association (ORA). In choosing Midlands as its endorsed workers’ compensation program provider, ORA Insurance Committee Chairman Ned …
John R. Karlen has been appointed president and chief operating officer of FinCor Holdings Inc. (FinCor), a Lansing, Mich.-based subsidiary of Medical Professional Mutual Insurance Co. In this role, Karlen will lead all of the FinCor subsidiaries including MHA Insurance …
Insureds facing the possibility of losses from the BP oil disaster in the Gulf of Mexico are being advised to submit their written notice to their insurance carriers as soon as possible and no later than July 8, 5 p.m. …
John Wortman, CEO of Louisiana Citizens Property Insurance Corp. (Citizens), the state’s property insurance of last resort, has announced plans to retire. “John Wortman has been a tremendous asset to Louisiana during our recovery from the catastrophic hurricanes of 2005. …
First Mercury Financial Corp., based in Southfield, Mich., reported that its principal insurance subsidiary, First Mercury Insurance Co., is acquiring Valiant Insurance Group Inc., a subsidiary of Ariel Holdings Ltd. The purchase price for Valiant, an amount equal to Valiant’s …
The median six-month auto insurance rate in Michigan has increased approximately 5.4 percent over the last six months to reach $688, according to online insurance provider InsWeb. InsWeb also reported some findings of Michigan median auto insurance rates segmented by …
A.I.M Mutual Insurance Companies, a workers compensation insurer based in Burlington, Massachusetts, has promoted Paul M. Kehoe to controller. Kehoe will be responsible for all financial accounting and reporting functions. Kehoe joined A.I.M. Mutual in January, 2005, as accounting manager. …
