ACE Limited reported net income for the quarter ended December 31, 2009, of $953 million, or $2.81 per share, compared with $0.06 per share for the same quarter last year. For the full year ACE reported net income of $2.549 …
The Louisiana Department of Insurance says a Baton Rouge agent has been served with two cease and desist orders, and two fine notices, for alleged insurance fraud, bank fraud, issuing worthless checks, filing false public records, felony theft and identity …
San Diego-based Barney & Barney LLC, one of the U.S.40 largest insurance brokerages, has announced the creation of a new international position it has established in Stuttgart, Germany. Client Executive Bevin Melody will be based there. She will take charge …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B (Fair) and issuer credit rating (ICR) of “bb+” of MGA Insurance Company Inc. (MGA) of Dallas, Texas. Concurrently, Best revised the …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating (ICR) of “a” to Hong Kong–based Starr International Insurance (Asia) Limited – both with stable outlooks. Best said the ratings reflect Starr International …
Oklahoma Insurance Commissioner Kim Holland says she is seeking re-election this fall. Holland was appointed to the post by Gov. Brad Henry in January 2005 and in 2006 became the first woman elected to serve as insurance commissioner. During her …
Germany’s largest insurer has signed a partnership agreement with car-maker Daimler to provide global automotive insurance. The agreement also provides that Allianz will become Daimler’s exclusive partner for automotive insurance business for its vehicles in Italy, in addition to the …
Young insurance agents, 40-and-younger, what are you thinking? Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. It’s your last chance to be heard in this year’s …
Texas insurance agents — want to show your customers that the common perception that homeowners rates in Texas always go up but never come down is false? Look to your agency management system, say educators from the Independent Insurance Agents …
C.V. Starr & Co. (California) has appointed Michael Garrison president and CEO. The company is an indirect wholly owned subsidiary of C. V. Starr & Co. Inc., and provides comprehensive casualty insurance solutions to a range of specialty classes, including …
