Lloyd’s managing agents are predicting their businesses will get a big boost from the market being granted a licence to write direct insurance in China [See IJ web site – [https://www.insurancejournal.com/news/international/2010/05/19/109979.htm]. Stephen Catlin, Chief Executive of Catlin Group Limited and …
The Chubb Corporation announced that the China Insurance Regulatory Commission (CIRC) has granted approval to its wholly owned subsidiary, Chubb Insurance (China) Company Limited, to establish a branch in Nanjing, Jiangsu Province. Chubb said that additional approvals from CIRC and …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China) Limited. Best also affirmed the ICR of “a” of the Society of …
World leaders agreed Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries. The following are highlights from quotes by leaders and other …
U.S. President Barack Obama Sunday called for significant changes to the long-delayed Doha round of world trade talks, telling Group of 20 leaders that offers on the table were inadequate. Obama, who spoke at a lunch with G20 leaders, emphasized …
As time ran out on the Louisiana legislative session, lawmakers were unable to complete a deal on a Senate Bill 731, which would have allowed the attorney general to hire outside attorneys on a contingency fee basis, according to the …
A couple of cases related to damages caused by defective Chinese-manufactured drywall have reached settlement in the U.S. District Court, Eastern District of Louisiana. According to a court document signed by Judge Eldon E. Fallon, defendant Knauf Plasterboard Co. (Tianjin) …
Risk Management Solutions latest report on heavy floods in southern China indicate that at least 150 people have died, thousands of homes have been destroyed, and over a million residents have been forced to evacuate, as “severe rains and isolated …
Bailed out insurer American Insurance Group and China Strategic Holdings Ltd have agreed to extend the deadline for completing AIG’s planned $2.2 billion sale of its Taiwan unit. While the extension could help AIG and its buyers address concerns from …
Top 100 Agency Profile Agency Name: The Horton Group Inc. Headquarters: Orland Park, Ill. Year Founded: 1971 Locations: 15 2009 Total P/C Premiums: $258.3 million Commercial Lines: $221.4 million Personal Lines: $36.8 million Other than P/C: $269.7 million 2009 Total …
