A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Bermuda Limited (ABL). Best has also affirmed the …
AIR Worldwide’s latest report on Typhoon Usagi describes a “Category 3 storm with maximum sustained winds of 204 km/h [127.5 mph].” It is “expected to strengthen over the coming days and could become the first Category 5 storm of 2013.” …
Consumer United, a Boston-based online insurance agency and insurance exchange facility, announced the hiring of Joshua Levine as president of operations.From 1999 to 2006, Levine was the chief technology and operations officer of E*TRADE, where he was responsible for global …
Royal Bank of Scotland Group Plc is seeking as much as £630 million ($1.009 billion) from its third sale of a stake in Direct Line Insurance Group Plc, the U.K.’s biggest home and car insurer. RBS will offer 272.7 million …
Retail insurance broker, IMA Inc. has added Rob Broz as its new president in Dallas and Kathie Maley as executive vice president. Broz joined the Dallas team to lead the company’s initiatives for growth. Maley transferred from IMA’s Wichita office …
Alterna has entered into the alternative risk marketplace, specifically focusing on providing medical professional liability services for physicians, clinics, and hospital groups through one company. Most group insurance facilities (i.e., risk retention groups (RRGs), captives) have several third-party service providers …
Texas’ top insurance regulator has found herself in the midst of a battle over rules that govern those who will provide information to consumers about the health insurance exchanges that are a part of the U.S. healthcare reform initiative passed …
Many Vermont employers are struggling with the decision whether to continue their workers on health insurance or allow them to buy it individually and take advantage of federal tax credits. At a forum Wednesday in Montpelier, some employers said the …
New York State officials today proposed a comprehensive set of rules to reform the “force-placed” — also known as “lender-placed” or “creditor-placed” — insurance industry in the state. The New York Department of Financial Services (DFS) said the regulations will …
Kansas Commissioner of Insurance Sandy Praeger announced fines totaling $9,000 and a cease and desist order against an Ohio-licensed insurance marketing firm for illegal activities in Kansas. The company, now known primarily as Lead Generating Systems LLC, was fined $5,000 …
