Monarch E&S Monarch E&S Insurance Services opened new offices in Hawaii and Arizona. The Hawaii office, located in Waikoloa, will be operated by company CEO Derek Borisoff. The Arizona office, located in Chandler, will be run by Senior Underwriter for …
The United States will host a meeting of the world’s biggest economies in New York to discuss climate change on Monday and Tuesday [next week], the U.S. State Department said. The Major Economies Forum will bring together 16 of the …
Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s fourth-largest wealth management market. The ruling sent AXA Asia Pacific’s …
A study published by Standard & Poor’s Ratings Services – entitled: “Reinsurers Foot The Bill For Chilean Earthquake Losses” – indicates that the global reinsurance industry has “shouldered a significant portion of the economic losses related to the powerful earthquake …
The magnitude 7.0 earthquake which struck the Southern Island of New Zealand on Saturday, Sept. 4 miraculously caused no fatalities; however it did cause substantial damages. Catastrophe modeling firm AIR Worldwide has estimated that industry insured losses from quake will …
Louisiana Workers’ Compensation Corp. (LWCC) promoted two key executives. Paul Buffone is now senior vice president of Risk Management Services, and David T. White is now vice president of Internal Audit. Buffone started with LWCC in 1993 as a law …
QBE today announced that its subsidiary, Sterling National Corp., has acquired Seattle Specialty Insurance Services Inc. Terms of the purchase were not disclosed. Headquartered in Everett, Wash., Seattle Specialty Insurance Services has provided insurance services to financial institutions since 1992. …
Marsh has launched a specialist contamination insurance product for water utility firms globally, in reaction to “utilities companies move to strengthen their resilience to risks as a result of tightening regulation and the heightened threat of terrorism,” said the bulletin. …
The CNA insurance companies announced an agreement with RSA (formerly Royal & Sun Alliance) that provides U.S.-based corporations with access to RSA’s global network. “This new relationship will expand CNA’s reach to India, South Africa and Australia, as well as …
A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of French government backed reinsurer Caisse Centrale de Réassurance (CCR), both with stable outlooks. The ratings reflect CCR’s “superior risk-adjusted capitalization, good …
