Specialty insurer Torus appointed Catherine Miller to head of E&S General Property. Based in Jersey City, Miller will manage general property business written through wholesale brokers throughout the United States. Miller, a 15-year industry veteran, joined Torus’ General Property team …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Italy’s Assicurazioni Generali S.p.A., both with stable outlooks. Best also affirmed the ratings of the debt instruments …
Zurich Financial Services Group announced that it has exercised its option to early redeem $1 billion of subordinated debt. The securities to be redeemed are described as follows “$600 million of Series I Fixed/Adjustable Rate Enhanced Capital Advantaged Preferred Securities …
Ireland unveiled a new corporate governance code for banks and insurers on Monday to bring ‘fresh blood’ into boardrooms and prevent a repeat of the excessive risk-taking that precipitated the country’s financial crisis. A property market crash exposed years of …
American International Group is expected to sell its Asian real estate business to Invesco Ltd later this month, a source said on Tuesday. The source said AIG’s gross property assets were currently worth around $5 billion, although the actual cost …
In its presentation at the 17th General Insurance Seminar at the Gold Coast in Australia, Aon Benfield highlighted the critical role of actuaries in managing emerging risks for the re/insurance industry. “The profession’s role will evolve to deliver more robust …
Pasadena, Calif.-based Bolton & Co. announced that Arturo A. Gomez has joined the firm as assistant vice president. Arturo is the seventh producer to join Bolton in 2010. Arturo started his insurance career in 2005, specializing in commercial insurance as …
The American Academy of Actuaries has honored Sheldon Summers with the 2010 Robert J. Myers Award for Public Service. Summers received the award in recognition of his contributions to the public good through his 31 years of service during his …
Island Insurance Co. Ltd., Hawaii’s largest locally owned and managed property and casualty insurance carrier, has expanded its current multi-policy discount to include an additional discount on homeowners insurance. Policyholders who maintain both homeowners and personal auto policies with Island …
