Swiss Re has concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written prior to 2004.” The transfer is retroactive to October 1, 2009. Swis …
The Dallas Institute of Humanities and Culture, a nonprofit organization that conducts public programs aimed at discovering what the humanities have to offer to the cultural life of the city, appointed Fred Wilkinson as its newest board member. Wilkinson is …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited (AIL), and Aspen Specialty Insurance Company (ASIC), which is based …
Did the health insurance industry, among others, have unfair influence on California lawmakers, after it gave family members gifts? That’s the question voters and the state Fair Political Practices Commission might be asking following an Associated Press report that revealed …
The struggling Irish economy heard some good news last week when XL announced that it is moving its place of incorporation to the Emerald Isle from the Cayman Islands, and will rename the company XL Group plc. Many of its …
Each year brings new laws and regulations for employers, and 2010 is no exception. To help employers stay informed about regulations and issues impacting workers’ compensation insurance, the California State Compensation Insurance Fund has provided a preview of some of …
Insurance agents will be required to notify the state if they have been disciplined by any non-governmental regulatory agency under a new law signed yesterday. The new law requires insurance producers licensed in New Jersey to report to the commissioner …
Molly Lambert, former president of the Vermont Captive Insurance Association, has been appointed by the U.S. Department of Agriculture as rural development director for New Hampshire and Vermont. She was nominated for the post last year.
Worcester, Massachusetts-based insurer The Hanover Insurance Group Inc. will acquire The Campania Group, a medical and general liability insurer for the health care industry. Terms of the deal were not disclosed. The Campania Group, based in Vienna, Virginia, provides professional …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Insurance Corporation of Barbados Limited (ICBL) with stable outlooks. Best said the rating actions “reflect ICBL’s solid capitalization, leading market …
