Fitch Ratings announced from London that it has downgraded Australia’s QBE Insurance Group Limited’s Long-term rating to ‘A’ from ‘A+’. Fitch also it expects to assign an “A” rating to QBE’s proposed £150 million ($270 million) senior unsecured sterling issue …
Barbara Peat Florida-based Bankers Insurance Group announced that Barbara Peat, vice president of corporate marketing and communications, has been promoted to senior vice president and chief marketing officer. In addition to her current responsibilities, Peat will assume the marketing responsibilities …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) of U.K.-based FM Insurance Company Limited (FMI) with a stable outlook. “A.M. Best regards FMI as a core subsidiary of its ultimate parent, Factory Mutual Insurance Company, a …
ACE Financial Solutions International (ACE FSI), one of the ACE Group of Companies, announced the appointment of Guy Swayne to the new post of Executive Vice President. Swayne will be based in Bermuda and will be responsible for managing the …
ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been appointed Country Manager, ACE …
Zurich announced that Susan Yee has joined its business unit providing insurance and risk management solutions in emerging markets as marketing manager in Hong Kong. She will be responsible for marketing and underwriting support for Zurich’s political risk and credit …
The Defense Research Institute, which groups some 22,000 defense lawyers, announced two upcoming conferences in Australia focused on the threat “frivolous lawsuits” may pose outside the U.S. The DRI noted that there are “growing fears that the frivolous lawsuits plaguing …
Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …
The average medical payment per claim to injured workers in Wisconsin continued to grow at a double-digit rate, according to a new study by the Workers Compensation Research Institute (WCRI). The study of 12 states representing more than 50 percent …
Australia may not be known in the United States as a hotbed for golf, but the country has not had a shortage of talented players over the years. One such person from Down Under who has made a name for …
