AIA Group Ltd, Asia’s No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising 53 percent as strong performance in markets such as Malaysia helped boost earnings. The insurer’s value of new business (VONB) …
A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen Insurance Limited (AIL) (Bermuda). Best also affirmed the …
A panel of insurance technology experts has assessed the challenges national and multinational insurers face and how IT (information technology) can best be used to achieve maximum benefit from standardization. The panel, convened at the annual Insurance Technology Congress, sponsored …
The UK-based Pioneer Underwriting Ltd, the MGA subsidiary of the independent specialist broker BMS Group, announced the appointment of Peter Coles as its new Senior Underwriter. He has 25 years of insurance experience and expertise, specializing in Personal Accident and …
Thomas Alva Edison would have been glowing had he been at the “Technology Issues in the U.S. & U.K.” panel discussion at the annual National Association of Surplus Lines Offices (NAPSLO) conference in San Diego on Wednesday. The panel was …
Things are looking better for the nation’s property/casualty independent insurance agencies. Organic growth for these agencies improved somewhat last year and their profitability held constant across most of the six revenue groups studied by the Independent Insurance Agents & Brokers …
NIF Group, Inc., a program administrator and specialty brokerage firm, joins with Ironshore Programs unit to insure health and human service agencies. Coverage will be provided for general and professional liability, on an occurrence or claims made basis. Ironshore provides …
In the world of new media where bad news travels fast, food-borne illness or accidents involving guests on site can ruin a hotel’s reputation, and their balance sheet, overnight. To help protect hoteliers from losses as a result of such …
A former FEMA employee has been offered a plea deal that would resolve charges he helped a government contractor fraudulently obtain a $100 million contract for maintaining thousands of government-issued shelters in Louisiana after Hurricane Katrina. A court filing by …
Alexandria, La., residents who plan to ignore the city’s expanded smoking ordinance better be willing to be a little lighter in the wallet. The Town Talk reports anyone caught lighting up in a bar or within 25 feet of city …
