A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B’ (Fair) and issuer credit rating of “bb+” of Nigeria’s Mansard Insurance Plc, both with stable outlooks. The ratings of Mansard reflect its “strong risk-adjusted capitalization, …
Federal prosecutors investigating the West Virginia mine explosion that killed 29 men have widened their net, filing criminal charges against a longtime Massey Energy executive who worked closely with former CEO Don Blankenship — a move signaling where their sights …
A business in Hickory reports thousands of dollars were taken after a hacker got into a computer system. The Hickory Daily Record reported that First Security Insurance said that a substantial amount of money had been electronically wired from one …
With time running out, agricultural leaders in Congress vowed on Thursday to do everything they can to pass a farm bill that cuts spending by at least $23 billion – savings that could assure support by lawmakers determined to reduce …
U.S. lawmakers and state financial regulators on Thursday called on federal officials to revamp proposed rules that would force financial firms to hold much more capital, asking them to consider the impact on small banks and insurance companies. U.S. bank …
A recent report, “Reinsurance Industry Leaders Discuss Lessons Learned From Hurricane Sandy,” published Nov. 29, 2012, on RatingsDirect, Standard & Poor’s Ratings Services, notes that “reinsurers had three very good quarters until Superstorm Sandy hit the U.S. East Coast on …
Willis North America, a unit of Willis Group Holdings, announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a Canadian employee benefits brokerage and actuarial consulting services firm. Avalon Actuarial was founded …
Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the company, which is set to launch …
Continental Airlines was cleared on Thursday of criminal responsibility for the Concorde crash in Paris in 2000 that killed 113 people, with a French court also absolving a mechanic at the U.S. airline of involuntary manslaughter. The appeals court ruling, …
Mitsui Sumitomo at Lloyd’s announced the appointment of Darren Carr as Class Underwriter for its marine liability underwriting account in a move designed to expand that sector of its business. Carr joined Mitsui Sumitomo at Lloyd’s from Hiscox where he …
