The Solvency II reforms, as currently proposed, “would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover,” according to the UK’s AIRMIC (the Association of Insurance and Risk Managers). “As a result …
The Illinois Department of Insurance has developed a “Top Ten” list of changes to the performance, transparency and accountability of health insurers and health insurance products in Illinois expected to result from national health care reform. “While speculation and mythology …
A bulletin from Marsh’s London office notes that “following a prolonged period of inactivity for Initial Public Offerings (IPOs) as a result of the global recession…early signs of economic recovery and new rules for UK firms listing on the London …
The National Alliance for Insurance Education & Research has appointed Rob Weidert regional relationship manager. Weidert is a licensed agent and broker in California and New York. He began his insurance career more than 12 years ago as a commercial …
Bermuda-based AXIS Capital Holdings Limited announced that its indirect, wholly-owned subsidiary, AXIS Specialty Finance LLC, has priced an offering of $500 million aggregate principal amount of its 5.875 percent Senior Notes due 2020, fully and unconditionally guaranteed by AXIS Capital, …
A jury that decided a Texas A&M University student was texting while driving and caused a deadly wreck has ordered him to pay $22 million in damages. The victim, Megan Small of Houston, was a senior at Baylor University and …
Brown & Brown Inc. will acquire New Jersey-based Excel Underwriters Alliance Inc. and Spirit Underwriters Inc., the Florid-based brokerage announced. Terms of the transaction were not disclosed. Excel and Spirit offer professional liability, directors and officers (D&O) liability, employment practices …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of American Physicians Group and its primary member, American Physicians Assurance Corporation, the lead subsidiary of American Physicians Capital Inc. …
A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients. Ruling in favor of Bank of America Corp.’s Merrill …
As the U.S. Congress once again rallies to pass healthcare reform legislation, momentum is growing in many states to pass laws to block the changes — a move that could lead to a legal battle over states’ sovereignty. Bills and …
