Australia, Canada, Spain, France, Italy, Greece, California: They’ve all experienced devastating wildfires. Is there a connection? In February bush fires swept through large parts of the state of Victoria, killing 173 people and destroying more than 2,000 homes. The fires …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of French reinsurer SCOR S.E. and its rated subsidiaries. Best has …
Patrick J. Burke has been appointed as a senior vice president with Stephens Insurance LLC, based in Little Rock, Ark. Burke has spent the last 30 years advising select utilities and utilities mutual insurance companies. He has designed risk coverage …
Insurance is an under-used way for the tourism industry to manage the risks of climate change, with existing offers ranging from a “perfect weather guarantee” by Barbados to ski resorts promising deep snow, experts say. “Insurance products…have a huge potential …
A relentless wildfire near Los Angeles raged Tuesday with 53 homes up in smoke, thousands more threatened and new rounds of evacuations as towering flames crackled close to foothill neighborhoods in the path of the blaze. Flames plowed through half-century-old …
Markel International, the specialty property and casualty insurer, has agreed to acquire Elliott Special Risks (ESR), a managing general agent in Canada. The acquisition is expected to close on Oct. 1 and values ESR at CDN $75 million. In 2008 …
Canada’s Fairfax Financial Holdings Limited has purchased of a 15 percent interest in Alltrust Insurance Company of China for approximately US$66 million, subject to final approval by the Chinese Insurance Regulatory Commission (CIRC). “We are pleased to be partnering with …
Canada’s home, car and business insurers have urged residents affected by tornadoes that recently tore through southern Ontario to check their homeowner’s policy and contact their insurance representative as soon as possible. “Wind and hail damage due to tornadoes is …
Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by Sunday. Storm …
Global insurance broker Willis Group Holdings has named Vic Krauze as president of Willis HRH, its North American retail business. Krauze will retain his current responsibilities as chief operating officer of Willis HRH and will continue to report to Don …
