GE Insurance Solutions has announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit. Field Operations Leader Tim Heinze said the unit has had a “great year,” and now had “the opportunity to add …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of ACE Insurance Limited (ACEAU) (Australia) with a stable outlook. “The rating reflects ACEAU’s strong profitability, improved underwriting performance and prudent capitalization,” Best said. “The …
Swiss-based Converium has announced the appointment of Paul E. Dassenko as President and CEO of Converium Reinsurance (North America) Inc. effective November 16, 2004. He succeeds Corcoran Byrne who continues in his role as General Counsel after serving as the …
Zurich announced the promotion of Fabrice Brunet to branch manager in its Global Energy(R) business unit in Zurich. He will oversee all activities associated with the office, including account management activities, and will be particularly involved in the strengthening of …
Fitch Ratings announced that it has affirmed the ratings of The Chubb Corporation, notably the “AA” insurer financial strength ratings (IFS) of Chubb’s P/C insurance subsidiaries. Fitch noted that these are part of its U.S. intercompany pool, which is led …
A report from Reuters News Agency demonstrates just how seriously airport security is being taken in Australia. It seems a “humming sex toy,” discreetly described by the Australian Security Services as an “adult novelty device,” shut down the airport in …
Aon Corp. has signed a definitive agreement to sell its claims administration business, Cambridge Integrated Services Group Inc., to Scandent Group. Aon will retain a minority financial interest. Terms of the sale were not disclosed. Patrick Ryan, chairman and CEO …
Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues has never been more important in …
A.M. Best Co. announced that it has assigned a rating of “bbb+” to the proposed £175 million ($315 million) senior notes due 2009 to be issued by Australia’s QBE Insurance Group Limited, the non-operating holding company for the QBE group. …
A.M. Best Co. announced that it has assigned an issuer credit rating (ICR) of “bbb+” to Australia’s QBE Insurance Group Limited, the non-operating holding company of the QBE group of companies. Best also said it has assigned a financial strength …
