A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings of “aa-” of the Bermuda-based PartnerRe Group and its members. Best also affirmed the ICR of “a-” and debt ratings of PartnerRe’s parent, …
A Minneapolis, Minn., man has been sentenced to nine years for a shotgun robbery attempt at an insurance in Roseville last December. The complaint says 41-year-old Michael Kevin Jones walked into an office building, pointed a sawed-off shotgun at an …
Lloyd’s has confirmed that a team has been sent to Chile to “help the market better understand the impact of February’s earthquake and assist in ensuring the speedy payment of valid claims.” The delegation, made up of representatives from the …
Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired the operations of Bowen, Miclette, Britt & Merry of Arkansas Inc. in Fort Smith, Ark., from Bowen, Miclette & Britt Insurance Agency LLC in Houston, Texas, …
The Export Import Bank of the United States announced that over the last two months it has “has approved five medium-term insurance policies through PNC Bank for buyers in Chile, all of which focus on infrastructure development.” The bank’s bulletin …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B++ (Good) and the issuer credit rating (ICR) of “bbb” for Dallas National Insurance Company (DNIC) in Dallas, Texas. The change in …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit rating (ICR) of “bbb+” of Japan’s Fuji Fire & Marine Insurance Company, Limited, and has revised its outlook on the ratings from negative …
The parents of a Boston Celtics fan who stopped breathing and later died after police took him into custody during 2008 NBA championship celebrations have settled with the city for $3 million. The settlement announced Thursday by a lawyer for …
American International Group Inc. promoted Bill Dooley to executive vice president for investments and financial services, with overall responsibility for its asset management group. Dooley will report to Peter Hancock, AIG executive vice president, and continue to have overall responsibility …
Mark E. Jones, chairman, president and CEO of TWG Insurance, an independent agency headquartered in Colleyville, Texas, has announced the following promotions: Gary Delavan has been promoted to director and has become a limited partner of the firm. Michael Colby, …
