The Travelers Companies, Inc. has set up a multi-year catastrophe bond program to provide reinsurance protection for its insurance subsidiaries for losses resulting from hurricanes and certain other catastrophes in the U.S. Travelers may obtain reinsurance under the program by …
A.M. Best Co. has assigned a debt rating of “bb+” to the $500 million Class A Series 2007-I variable rate notes (the notes) due May 8, 2010 issued by Longpoint Re Ltd. ,a Cayman Islands exempted company, formed to facilitate …
Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The company said it …
Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of Allianz. The reinsurer’s bulletin notes that the multiperil issuance …
Two charged in bicoastal restaurant insurance brokerage scheme A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, according to Acting …
A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent Eric R. Dinallo announced. Ian …
A Canadian man has been extradited to the United States to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent Eric R. Dinallo announced. Ian …
A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, according to Acting New York Insurance Superintendent Eric R. Dinallo. Ian …
The London Market in general and Lloyd’s in particular has been having an ongoing debate for the last few years over the place Bermuda-based companies occupy in the overall market. Are they basically competitors, who steal business away from London? …
Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations, after the 2006 Legislature established a fraud unit …
