XL Group’s North America property/casualty unit hired Ken Riegler as president of its North America casualty group. He will be based in New York and report to Seraina Maag, XL chief executive for North America property/casualty. Riegler comes from ACE …
One of the country’s largest independent insurance brokerage firms has launched an art finance group to reflect the recognition of fine art and other collectibles as an alternative asset class. The New York-based Frank Crystal & Co. will help manage …
The Amateur Athletic Union was set to announce changes Wednesday to its child safety policies after its former president became the target of a child molestation investigation. The AAU called a news conference at its suburban Orlando, Fla., headquarters where …
U.S. offshore oil and gas drillers need to take a more systematic approach to safety in all aspects of their operations to prevent another catastrophe like last year’s massive Gulf of Mexico oil spill, a scientific panel said on Wednesday. …
As a result of the continued negative developments regarding the euro zone sovereign debt crisis, A.M. Best Europe – Rating Services Limited has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit rating (ICR) …
A.M. Best Europe – Rating Services Limited announced that “as a result of the continued negative developments regarding the euro zone sovereign debt crisis,” it has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit …
A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating of ‘A++’ (Superior) and the issuer credit rating of “aa+” of France’s Caisse Centrale de Reassurance (CCR). As Best explained in similar …
The Liberty Mutual Group announced that its provincial branch in Guangzhou, Guangdong Province in China has “commenced operations and issued its first insurance policy on December 2, 2011.” Liberty received the approval for the branch from the China Insurance Regulatory …
A.M. Best Europe – Rating Services Limited has reacted to the ongoing sovereign debt crisis in the euro zone, which it describes as “continued negative developments” with a number of rating actions, starting off with Europe’s biggest insurer Allianz Societas …
Swiss Re describes 2011 as the “year with the highest catastrophe-related economic losses in history, at $350 billion.” It could have been the most costly year ever for the insurance industry, if Japan had been more fully insured. The figures …
