Georgia’s PointeNorth Insurance Group and Love, Douglas & Pope Inc. have merged. Effective June 1, the company will operate as PointeNorth Insurance Group. The merger is the third transaction of the year for PointeNorth. Love, Douglas & Pope, a personal …
MAPFRE, a major non-life insurance group in Spain and Latin America, and MITSUI SUMITOMO INSURANCE (MSI), Japan’s principal non-Life insurance group in Asia, announced that they have “extended their framework partnership agreement to all the countries where the groups have …
The Lloyd’s Market Association (LMA) has announced the results of its Board election 2011 at its Annual General Meeting. The newly elected board members were listed as follows: Neil Maidment, Chairman of the Group Underwriting Committee, Beazley Furlonge Limited; Matthew …
Standard & Poor’s Ratings Services has published a report, which concludes that the Indian non-life insurance sector has “substantial growth potential because market penetration remained low–leaving significant room for further growth.” S&P’s article – “The Indian Non-Life Insurance Sector Is …
Insurers and brokers are beginning a pilot of ACORD Standards in South Africa. “Piloting is the stage after development efforts where participants utilize the Standards in real-world situations to ensure all needs are met,” the announcement explained. “This effort focuses …
Xchanging, the business process outsourcing company, which works extensively with Lloyd’s, has announced the reorganization of its UK insurance businesses. The bulletin explained that the “UK Insurance business will combine Xchanging Broking Services (XBS), Xchanging Ins-sure Services (XIS) and Xchanging …
Willis Limited, the principal UK brokerage company of the Willis Group, has announced that Rodney Baker-Bates will join its Board as an independent non-executive Chairman, subject to the usual regulatory approvals from the Financial Services Authority (FSA). Willis also announced …
Clements International has completed a six month rebranding effort to become Clements Worldwide. This change “unifies the company’s Washington, DC and London offices under one brand, and positions it for future regional expansion,” said the bulletin. Director of Marketing Sergio …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd. ; both with stable outlooks. The ratings reflect the “substantial amount of support Top …
Zurich Financial Services Group announced the appointment of Angel Serna (45, Spanish and Swiss citizen) as Global Head of Corporate Communications, with effect July 1, 2011. He will be succeeding Pierre Goad who has decided to pursue another opportunity outside …
