Standard & Poor’s Ratings Services has assigned its ‘BBB+’ rating on Medical Insurance Australia Pty Ltd., a national medical indemnity insurer and the largest in South Australia, with a stable outlook. “The rating, which represents good financial security, is the …
Insurance Australia Group has revised its guidance for the fiscal year 2008 (IAG’s fiscal year runs from July 1 to June 30). The insurer said it now expects gross written premiums (GWP) to grow between 7 and 9 percent “and …
Bermuda-based Endurance Specialty Holdings Ltd. announced that Patrick Aeschbacher will join Endurance Worldwide Reinsurance to lead the further development of the Group’s reinsurance business in Asia and Australia. Aeschbacher has 23 years of experience in the reinsurance industry, most recently …
Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co., Federated Insurance Co. of Canada, Lombard General Insurance Co. of Canada, and Markel Insurance Co. of Canada …
The mighty All Blacks are out; France the host nation is gone, and so is Australia, another pre-tournament favorite, as well as the surprising Pumas from Argentina. Current champions England will face 1995 winner South Africa next Saturday in the …
Guy Carpenter & Company announced that its Instrat(R) unit has published a report on the impact of the powerful East Coast Low (ECL) pressure system that hit New South Wales in Australia between June 7-10, 2007. The study, “Australian East …
Strong worldwide economic growth has accelerated the level of greenhouse gas emissions in the atmosphere to a dangerous threshold scientists had not expected for another decade, according to a leading Australian climate change expert. Scientist Tim Flannery told Australian Broadcasting …
Louisiana Workers’ Compensation Corporation (LWCC) promoted Jamie Bourg to claims manager for the company’s large accounts team. Bourg will manage and direct the claims department, including claims handling and investigation, and return-to-work for injured employees. She was previously a claims …
The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional liability insurance. “Lawyers professional liability insurance is a natural …
