The ACE Group of Companies reported the appointment of new senior managers in South Africa and New Zealand. Scott Pickering, country manager and managing director of ACE New Zealand, has been appointed chief executive officer for ACE’s new South Africa …
Benfield, the U.S.-U.K.-based international reinsurance broker and risk intermediary, has issued a comprehensive 82-page report on the current climate in the reinsurance market. The study found that “last year’s unprecedented catastrophe losses had an uneven impact on pricing and capacity …
Standard & Poor’s Ratings Services has issued a report which notes: “Rating actions picked up noticeably in Australia and New Zealand in 2005, as merger and acquisition (M&A) activity intensified and issuers increased their appetite for financial risk.” S&P said …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating (ICR) of “a+” of the following subsidiaries of Australian insurer QBE: QBE Insurance (International) Limited (QIL) (Australia) and QBE Reinsurance (Europe) …
The Bank for Investment and Development of Vietnam (BIDV) has reportedly agreed to purchase all the stock held by Australia’s QBE Insurance Group in their joint-venture insurance company. As reported by Asia Pulse on the Yahoo News, QBE has agreed …
Nuts & Bolts: Colemont Insurance Brokers in Chicago has launched the RecallReady program, a product recall risk management program. A key feature is the integration of pre-incident and crisis response services. The program provides each insured access to ARC Risk …
A St. George, Utah, man who faked his death on Pine Valley Mountain last summer and then fled to Australia pleaded guilty to one count of conducting a false or fraudulent scheme to obtain fees or services, a second-degree felony. …
Business Owners and Nuts & Bolts: CNA introduced CNA Connect for small business customers that will combine the company’s former business ownersí policy and commercial package policies into one broad flexible product. CNA Connect will provide agents with access to …
A St. George, Utah, man who faked his death on Pine Valley Mountain last summer and then fled to Australia pleaded guilty to one count of conducting a false or fraudulent scheme to obtain fees or services, a second-degree felony. …
Colemont Insurance Brokers – Chicago has launched the RecallReady program, a product recall risk management program. A key feature of the RecallReady Program is the integration of pre-incident and crisis response services. The RecallReady program provides each insured access to …
