“Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic swings in insurers’ underwriting profits and the share of coverage written …
Dallas-based The Republic Group (Republic) reports that A.M. Best Company has affirmed the rating of “A-” (Excellent) for each of the group’s companies. In addition to affirming the group’s current financial strength, A.M. Best assessed its outlook as “stable”. The …
XL Capital announced that Clayton S. Rose, a Professor of Management Practice at the Harvard Business School and a former executive of J.P. Morgan & Co., has joined the Company’s Board of Directors. While at J.P. Morgan, Rose headed each …
Des Moines, Iowa, has been named “America’s best city to do business,” according to an annual survey by MarketWatch. Des Moines beat cities such as Washington D.C., Omaha, Neb., and Minneapolis/St. Paul in the survey that compared economic strength and …
QBE European Operations (QBE EO), the specialist business insurer, announced its purchase of the brand and renewal rights of the Evergreen portfolio from MSP Underwriting Limited, the Lloyd’s underwriting agency, which is owned by Munich Re. “Brokers consistently rate Evergreen …
Jefferson Parish, Louisiana, President Aaron Broussard has placed his embattled top aide, Tim Whitmer, on paid leave. Broussard told The Times-Picayune he placed Whitmer on leave pending an investigation into newly disclosed deals between Whitmer’s insurance brokerage and parish contractors. …
Europe’s insurance sector has “fared well relative to banks over the past two years,” a new report from Standard & Poor’s Ratings Services notes. As an example, the study – “European Insurers Withstand Global Economic Conditions, But Resilience Will Likely …
Irvine, Calif.-based Superior Access Insurance Services Inc. (SAIS) announced it will be providing aviation coverage products with support from more than 20 carriers. SAIS now has the ability to place and service a number of aviation-related exposures including corporate and …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Zurich Insurance Company Limited (ZIC), the main operating company of Zurich Financial Services Ltd. (ZFS), and its rated subsidiaries. …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable outlooks for both ratings is stable. “The ratings reflect NIPPONKOA …
