Standard & Poor’s Ratings Services announced that its ratings on Bermuda-based AXIS Capital Holdings Ltd. (A-/Stable/–) and its operating subsidiaries are not affected by the announcement of the appointment of Albert Benchimol as chief financial officer, effective Jan. 17, 2011. …
The Association of British Insurers has welcomed the publication of an independent report on the need for changes to the solicitors’ (attorneys’*) professional indemnity insurance market. The ABI noted that the report, by Charles Rivers Associates and commissioned by the …
Marsh’s London office announced the appointment of Mike Rogers as head of Marsh ProBroker, its UK community of independent brokers. He joins Marsh from Towergate’s Broker Network where he was Head of Business Development, managing the business development teams across …
Marsh’s London office announced the appointment of Cath Whitaker to the position of senior vice president in the International Division of its Global Market Relationship Management team. She joins Marsh from Willis, where she was acting managing director of its …
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2010 of $239 million, or $1.78 per diluted common share, compared with a net loss of $96 million, or $0.70 per diluted common …
Flagstone Reinsurance Holdings, S.A., which is domiciled in Luxembourg, reported net income attributable to common shareholders for the quarter ended September 30, 2010 of $37.3 million, or $0.48 per diluted share, compared to a net income of $67.1 million, or …
“In the midst of a disaster, our customers count on us to get our jobs done … No excuses!” That promise by County Wide Insurance, a Trusted Choice agency in Dexter, Missouri, was severely tested on Jan. 27, 2009 when …
RRGs Seek Dispute Mechanism, Ability to Write Commercial Property, Uniform Regulation The Liability Risk Retention Act of 1986 (LRRA) was enacted to help solve the crisis of the 1980s created by the unavailability of affordable commercial liability insurance. The LRRA …
The Tough Market May Mean E&O Liability Problems Ahead The ongoing downturn in the real estate market is forcing many professionals to make tough choices on where to trim expenses. While during a hot real estate market realtors would not …
Nothing Standard About This Line of Business Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one …
