Standard & Poor’s Ratings Services has followed up on its analysis of its ratings for Bermuda-based Ariel Reinsurance Co. Ltd. following the announcement that it is selling its Bermuda-based business to Arrow, a unit of Goldman Sachs, and its credit …
MAPFRE Group’s David O’Gorman, URS Managing Director-Spain/Portugal/Latin America, announced that the group has “licensed Risk Explorer™, the Dynamic Financial Analysis (DFA) software and a suite of other products from Ultimate Risk Solutions (URS).” The bulletin described “Risk Explorer™” as the …
A disorderly Greek default would probably leave Italy and Spain needing outside help to stop contagion spreading and cause more than €1 trillion ($1.318 trillion) of damage to the euro zone, the group representing Athens’ bondholders warned. Greek private creditors …
The Norman-Spencer Agency, based in Dayton, Ohio, announced it is rebranding all of the agency’s property and casualty products to market them under the Norman-Spencer Agency brand. During the past five years, Norman-Spencer has made several acquisitions in the marine, …
Beazley Group has appointed Sarah Lamberg to the U.S. Private Enterprise underwriting team, strengthening its commitment to small businesses in the technology industry. She is based in Chicago. Lamberg joins Beazley with nine years of experience in professional liability insurance. …
March came in like a very large and powerful lion, spawning severe weather across the Midwest, interior south and southeast United States. Insured losses from the tornadoes, hail and high winds that struck in late February and early March may …
Four pickup-and-trailer loads of goods brought over the weekend to tornado-stricken Harrisburg, Ill., are just a partial return for help after Hurricane Rita in 2005, say residents of Lake Arthur, a town of 2,700 in southwest Louisiana. A tractor-trailer load …
The New York State Workers’ Compensation Board is transitioning from a paper to an electronic employer report of injury system. The board will adopt the IAIABC (International Association of Industrial Accident Boards and Commissions) Claims Electronic Data Interchange (EDI) Standard …
Two families will split $100,000 in a settlement of a wrongful death suit brought after two coal miners were killed in a high-wall collapse. The Times-News of Cumberland, Maryland, reports that the families of 51-year-old Dale Jones of Lonaconing and …
PowerGuard Specialty Insurance Services named Hilton Brown as vice president of claims management. Brown has 22 years of experience, and specializes in claims management and client advocacy. Brown will oversee claims review, audits, and management plus the development of new …
