Monthly Archives: <span>June 2011</span>

Markel Introduces Medical Umbrella Product

Markel Corp. has launched a new umbrella product for Allied Healthcare accounts. This product will serve as a lead umbrella policy over eligible Allied Healthcare lines such as hospitals, medical labs, pharmacies, surgery centers and clinical trials up to $10 …

Best Affirms Hanover Insurance Group and Subs Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of The Hanover Insurance Group Property and Casualty Companies and its members. Best also affirmed the ICR of “bbb” and all …

AEGIS London Approves $1 Million in Premium Credits for Members

AEGIS London, the UK- based subsidiary of mutual insurer AEGIS (Associated Electric & Gas Insurance Services Limited) has announced the approval of $1 million in premium credits which will be returned to members through its Premium Credit Program. The bulletin …

Ascot Appoints Karns to Houston Underwriting Unit

Lloyd’s Ascot Underwriting Ltd announced the appointment of John Karns as an Underwriter for Ascot Underwriting Inc. in Houston. He is a local resident with “19 years of experience in the US Energy market, most recently as Assistant Vice President …

ARAG Appoints Layton for Business Development in Southeast UK

Legal expense insurer ARAG announced the appointment of Jon Layton to “fill the role of Business Development Executive in the South East (UK) region. He has more than 28 years’ experience in the insurance industry, and is “attracted by ARAG’s …

HSB Engineering Names Tingus to Head HR

Specialist engineering and construction insurer HSB Engineering Insurance Limited has appointed Peter Tingus as head of HR. He joins the group’s UK office in London from HSB’s Hartford office in the US, where he was director of talent, training and …

Best Sees No Ratings Change from Allied World, Transatlantic Merger

A.M. Best Co. has commented that the ratings of the subsidiaries of Swiss-based Allied World Assurance Company Holdings, AG and New York-based Transatlantic Holdings, Inc. and its subsidiaries, are unchanged following the announcement of a definitive agreement to merge. Best …

Texas Agents to Lend Helping Hand to Houston’s KIPP PEACE Campus

The Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agencies, insurance representatives and other insurance professionals from across the state will gather in Houston, June 22-24, for IIAT’s 114th Annual Conference & Trade Show. This year’s Annual Conference …

Cincinnati Financial Expects Up to $290M in Storm Losses for Q2 2011

Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies’ property casualty group expects its second quarter 2011 results to include pre-tax catastrophe losses, net of reinsurance, of approximately $240 million to $290 million due to severe weather during April and …

Record Wildfire Season Affecting Arizona, Rest of U.S.

As Arizona continues to battle several wildfires, every state in the country now has the potential for a wildfire, according to the National Interagency Fire Center. The Center said nearly every state in the U.S. has already experienced a wildfire …