A St. George, Utah, man who faked his death on Pine Valley Mountain this summer and then fled to Australia pleaded guilty Wednesday to one count of conducting a false or fraudulent scheme to obtain fees or services, a second-degree …
In line with its announcement on ACE Ltd. (See above article), Standard & Poor’s Ratings Services announced that it has also revised its outlook to stable from negative on its “A” counterparty credit and financial strength ratings on ACE Insurance …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the U.K.’s FM Insurance Company Limited (FMI) with a stable outlook. “The rating reflects the implicit support of FMI’s ultimate parent, Factory Mutual Insurance …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Australian insurer ACE Insurance Limited (ACEAU) with a stable outlook. “The rating reflects ACEAU’s operating profitability, good underwriting performance and improved risk-adjusted capitalization,” said …
Hiscox, Plc, one of the U.K.’s leading Lloyd’s and specialty insurers, announced that it’s in the process of forming a Bermuda-based subsidiary, which will “write a balanced business mix of reinsurance and retail business.” The company plans to raise £170 …
France’s AXA Group reported gross revenue increases in all of its business activities for the first 9 months of 2005. Highlights cited by the company in the report included the following: — Life & Savings new business increased by 8 …
A lot of people in the insurance business apparently think that D&O liability is primarily an American problem. Think again. Willis Group, the global insurance broker, has just published its Worldwide Directory of Directors’ and Officers’ Liability. The guide gives …
Arthur J. Gallagher & Co. announced the acquisition of InterPacific Underwriting Agencies Pty Ltd of Sydney, Australia. Terms of the transaction were not disclosed. Founded in 1997, InterPacific Underwriting Agencies is a managing general agency offering specialized insurance products through …
New Reports Issued on Climate Change: Hurricanes Katrina and Rita have focused more attention on global warming. The debate continues to rage over whether the higher temperatures and rising sea levels are a wholly natural cycle, or are at least …
New Reports Issued on Climate Change: Hurricanes Katrina and Rita have focused more attention on global warming. The debate continues to rage over whether the higher temperatures and rising sea levels are a wholly natural cycle, or are at least …
