Monthly Archives: <span>September 2010</span>

European Clubs Want FIFA to Insure Players Injured in International Games

Europe’s top clubs want FIFA to use some of its billion-dollar World Cup revenues to insure players who are injured during international games. European Club Association chairman Karl-Heinz Rummenigge said this week that FIFA’s World Cup income is increasing “thanks …

China’s Largest Bank to Sell AIG Life Insurance Products at Branches

Industrial and Commercial Bank of China Ltd (ICBC) and soon-to-be listed AIA Group Ltd have signed an agreement under which ICBC will sell AIA’s life insurance products at its branches, the two companies said on Friday. The distribution agreement comes …

San Bruno Fire Leaves Many Critically Injured, Homes Destroyed

A Pacific Gas and Electric gas line explosion that occurred at about 6 p.m. on Sept. 9 in San Bruno, Calif., has killed six people, left at least nine people critically injured, and destroyed more than a dozen homes, according …

ISU Adds L/P Insurance Services to Network

ISU International is pleased to welcome ISU L/P Insurance Services to the ISU Network. ISU L/P Insurance Services, a 40-employee agency in Reno, Nev., was launched by President Nick Rossi on September 1. The company is a full-service insurance brokerage, …

Leeds & York Picks Lehtinen to Head Southern Nevada Office

Leeds & York has appointed Ann Lehtinen (formerly Ann Russell), to run its southern Nevada office. Lehtinen, a 35-year veteran of the medical insurance industry and Las Vegas local, will be responsible for business expansion and day to day oversight …

Texas Mutual Awards $300K in Safety Education Grants

Texas Mutual Insurance Company has awarded a combined $300,000 in grants to Kilgore College, Midland College and College of the Mainland in Texas City. The grants will fund free workplace safety courses for employers, employees and the general public. Texas …

Ratings Roundup: Colonial Group, Flagstone Alliance, Hannover Re (debt)

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Ltd. The outlook for all ratings is stable. Colonial …

S&P Rates Aon’s Debt Issue ‘BBB+’

Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating to Aon Corp.’s three tranches of recently priced senior debt issues. S&P said it expects that Aon will use the net proceeds from the issues in lieu of …

Marsh Sees ‘Positive Developments’ in Europe Trade Credit Insurance

According to a report from Marsh’s London office, “new insurance capacity, increased competition for business among insurers and improved risk management have led to positive developments for buyers of trade credit insurance across most of Europe in 2010, following two …

The Motorists Insurance Group Makes Changes to Leadership Team

Columbus, Ohio-based Motorists Insurance Group has announced changes to its leadership team. The following changes are effective immediately: Grady B. Campbell has been promoted to senior vice president, Marketing Services and Personal Lines, and will report to David L. Kaufman, …