A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of ‘a+’ of Lloyd’s Syndicate 958, which is managed by Omega Underwriting Agents Limited. The outlook for both …
According to Swiss Re’s study – “The fundamentals of insurance-linked securities” – some 15 years after they were introduced, the “market for insurance-linked securities (ILS) is poised for continued growth as re/insurers, governments and corporations continue to access capital market …
A new special report from A.M. Best found some “hopeful signs” emerging for the global reinsurance industry. “After years of a soft market, weak investment returns, lukewarm investor interest and sluggish consolidation activity, the bottom line has been squeezed, and …
U.S. energy giant ConocoPhillips moved to repair its frayed relations with Chinese regulators on Wednesday, apologizing for an oil spill in northern China’s Bohai Bay and saying it will establish a fund to address the company’s responsibilities. The company said …
Japan braced for more heavy rain and floods Monday as the death toll from the worst typhoon to hit the country in seven years climbed to 34. Rescuers searched for 55 others who remained missing, and tens of thousands of …
The 5:00 a.m. AST bulletin from the National Hurricane Center in Miami reported that Hurricane Katia has weakened somewhat. It is now a category one hurricane on the Saffir-Simpson wind scale with maximum sustained winds around 90 mph, 150 km/h, …
Specialist engineering and construction insurer HSB Engineering Insurance Limited has appointed Andy Kane as chief underwriting officer. He has over 20 years experience, and replaces Tom Howe who recently retired as CUO after more than 30 years service. Kane is …
Poms & Associates Insurance Brokers Inc. in Woodland Hills, Calif., has promoted Seth Ford Gilman to executive vice president, a position at which Gilman will oversee the property/casualty and personal lines divisions, along with the internal services that support these …
A Fairfield, Ohio, chiropractor who pled guilty in July to felony workers’ compensation fraud has been ordered to repay the Ohio Bureau of Workers’ Compensation (BWC) more than $200,000. Bruce E. Holaday, owner of the Back and Spine Center, was …
Aran Insurance Services Group’s property and casualty subsidiary MiniCo Insurance Agency, LLC, will offer specialty insurance programs in Canada through its new affiliate, MiniCo Insurance Agency of Canada, Inc. MiniCo’s self-storage product line will be available in Canada during the …
