A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Bermuda-based Starr Insurance & Reinsurance Limited (SIRL), an indirect wholly owned subsidiary of Panama-based Starr International Company, Inc. (SICO), a …
Scottsdale Insurance Company has announced the launch of a partnership with “The Co-operators, the leading Canadian-owned, mutli-product insurer, to assist them in expanding their commercial lines portfolio and to give Scottsdale exposure to the Canadian market.” Scottsdale’s bulletin said it …
Maple Leaf Foods said Thursday it has agreed to settle class-action lawsuits related to an outbreak of listeriosis food poisoning caused by contaminated deli meats processed at its Toronto plant. The settlement, which still requires court approvals in Saskatchewan, Quebec …
Insurance firms Axa S.A., MetLife Inc. and Prudential Plc., as well as China’s sovereign wealth fund CIC, are all in talks to buy a unit of U.S. insurance firm American International Group in a deal that is likely to fetch …
A federal judge has refused to block Maine environmental regulators from enforcing a mercury cleanup order at a former chemical plant’s Orrington landfills. Mallinckrodt LLC of St. Louis, a subsidiary of U.S. Surgical, sued in federal court to prevent the …
Lloyd’s of London Insurance Broker, Endeavour Insurance Services Limited, Announces Appointment of Mr Charles Reeves, Mr Stuart Williams and Mr Ian Duff Lloyd’s of London Insurance Broker, Endeavour Insurance Services Limited, has announced that Mr Charles Reeves, Mr Stuart Williams …
American International Group, Inc. (AIG) and Tenaska, Inc. (Tenaska) today reported that Tenaska will repurchase the interest in Tenaska Marketing Ventures, Tenaska Gas Storage and Tenaska Marketing Canada (collectively TMV) currently owned by affiliates of AIG. Since April 1, 2007, …
Fairfax Financial Holdings said Monday it plans to spend C$686 million (US$550 million) to buy the remaining shares of Canadian property and casualty insurer Northbridge Financial that it does not already own. Fairfax, which currently owns 30.1 million Northbridge shares, …
Four Program Administrators Join the Ranks of Best Practices Organizations Just two years ago the Target Markets Program Administrators Association launched the TMPAA Best Practice designation as a way to encourage members to look for greater efficiencies in the way …
Vermont is getting ready to issue its first enhanced driver’s licenses, which will allow holders to cross the United States-Canada border without a passport or other supporting documents. State Motor Vehicle Commissioner Bonnie Rutledge says the first few are to …
