AIG has named Jeffrey M. Farber as senior vice president, deputy chief financial officer. Farber oversee AIG’s controllership and accounting policy functions, as well as the firms’ global tax department. Farber most recently served as executive vice president of finance …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Cayman Islands-based Risk Reinsurance Limited (RRL), both with stable outlooks. The ratings reflect RRL’s “superior capitalization and balance sheet strength, profitable …
Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told Reuters she will present the draft March 11 at a …
A workflow consists of a sequence of connected steps. It is a depiction of a sequence of operations, declared as work of a person, a group of persons, an organization of staff, or one or more simple or complex mechanisms. …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during February. The report, published by Impact Forecasting, …
Billionaire Warren Buffett’s Berkshire Hathaway is entering the Indian insurance market as a corporate agent for Bajaj Allianz, the companies said. Berkshire made no investment in Bajaj, but will sell policies for Bajaj Allianz General Insurance, beginning with auto insurance, …
A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of New Zealand Local Government Insurance Corporation Limited (Civic Assurance). Best explained that the rating actions reflect …
MOC Insurance Services has promoted Carmina Angka to senior vice president and Paul Perlite to vice president. Angka joined MOC in 1995. Prior to that she worked as an underwriter for Zenith Insurance Co. and as a policy analyst for …
Bolton & Co. announced that Allyn Heck has joined th firm as senior account executive in the Employee Benefits Division. Heck brings 18 years consulting experience in the areas of human resource strategy, risk management, and benefits administration. He has …
The Obama administration was expected soon to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter Thursday. Michael McRaith, seen as the front-runner for the job, is now head of …
