A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Texas-based Universal North America Insurance Company (UNAIC). Best also affirmed the …
A.M. Best Co. has downgraded the financial strength rating to ‘C++’ (Marginal) from ‘B-‘ (Fair) and issuer credit rating to “b” from “bb-” of New York’s Park Insurance Company, and has assigned a negative outlook to the ratings. Best said …
The San Francisco Chapter of the National Association of Insurance Women has presented Marie Meadows of International Marine Underwriters with is Insurance Member of the Year award, and Alvenia Scott of Chartis Insurance with its Hall of Fame award. The …
Negotiations meant to avert dangerous climate change are stuck over future emissions restrictions in wrangling at meetings below the ministerial level, undermining the U.N.-backed process. The pace of talks has slowed since a two-year campaign for a binding deal ending …
Cyber crime has become a high profile problem for risk managers, heightened as a result of the recent attacks by hackers on Sony. In an article on its web site Lloyd’s notes that risk manager are increasingly concerned “over the …
Lloyd’s insurer and syndicate leader R.J. Kiln, a member of the Tokio Marine Group, announced that it has bought a 49 percent share in California-based WNC Holdings – a provider of specialty insurance products and services to US-based financial institutions …
MAPFRE RE has opened a branch office in Paris, which, it said would “promote the development of LHA reinsurance (Life, Health and Accidents). The new branch joins offices previously opened in Athens, Brussels, Lisbon, London, Madrid, Milan and Munich, in …
UK-based Cooper Gay has hired two divisional directors to its London downstream energy team, with the intention of driving international growth in the sector. Neil Jurd joins from Alesco Risk Management Services where he led the onshore team of brokers. …
Richmond, VA, 6/10/2011 – Atlantic Specialty Lines of VA is excited to announce the hiring of Matt Koenig as a commercial lines underwriter. Matt will be working from his location in NY and will be underwriting business in the NY …
Employment may be weak across the nation, but several industries — including the insurance claims industry— are expected to rapidly hire new staff in the next few years. Employment in the field of third party administrators and claims adjusting is …
