May 24, 2010
Standard & Poor’s Ratings Services has revised its outlook on German reinsurer Hannover Rueckversicherung AG (Hannover Re) and on various operating entities to stable from negative. S&P also affirmed the ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on …
May 24, 2010
Insurance agency marketing and web services provider Astonish Results is opening an office in Orlando, Fla. In addition to personnel, the Orlando office houses a training facility for the Rhode Island-based firm. The company said the new Orlando office provides …
May 24, 2010
Former Taoiseach (Prime Minister) and European Union Ambassador to the United States, John Bruton, has agreed to accept a newly created position as the Chairman of the International Financial Services Center (IFSC Ireland). The association’s bulletin described the new role …
May 24, 2010
A former executive at Rhode Island’s dominant workers’ compensation insurer was acquitted Friday on a charge that he deceived state regulators about companies that were receiving discounted premiums. Superior Court Judge Edwin Gale acquitted David Clark, a former vice president …
May 24, 2010
The Princeton NJ-based Catastrophe Risk Exchange (CATEX) and London-based TriSystems, both providers of technology platform and services to the global insurance and reinsurance industries, announced a strategic partnership “to deliver a full end-to-end solution for bordereau formatting, processing and reporting. …
May 24, 2010
IronHealth, the specialty healthcare division of Ironshore Inc., has introduced a Physician Group Practice liability product, offering coverage for groups of 10 or more physicians,including the entity and its ancillary staff. IronHealth’s newest initiative combines broad professional liability coverage with …
May 24, 2010
The U.S. Justice Department has dropped a probe of American International Group Inc. executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout, lawyers for the executives said Saturday. …
May 24, 2010
Anger grew along the Gulf Coast as an ooze of oil washed into delicate coastal wetlands in Louisiana, with many wondering how to clean up the monthlong mess – especially now that BP’s latest try to plug the blown-out well …
May 24, 2010
BP sharply reduced its estimate on Monday of how much oil it is siphoning off from a ruptured well in the Gulf of Mexico as Washington kept the pressure on the energy giant over the environmental debacle. British-based BP said …
May 24, 2010
Three executives of a now-defunct California nonprofit that provided job training for young people knowingly placed dozens of teenagers in jobs that exposed them to asbestos, prosecutors say. The nonprofit Firm Build sent teens to remove asbestos from an old …