Swiss Re has received a composite license from Bank Negara Malaysia to write Retakaful business, and has opened a dedicated Retakaful operation in Malaysia’s capital, Kuala Lumpur. Swiss Re said the composite license will allow it to “offer Family and …
State insurance regulators, insurance carriers and independent insurance agents are concerned that redrafted legislation to create a federal insurance office makes the new agency too much like a regulator. Testifying before the House Financial Services Committee on the proposal to …
The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit ratings agency …
A.M. Best Co. announced that, in separate actions, it has withdrawn the ratings of two Midwest-based mutual insurance companies at the request of those companies. Best affirmed the financial strength rating (FSR) of C++ (Marginal) and issuer credit rating (ICR) …
Recent trends have had an overall stabilizing impact on the medical malpractice market, but several emerging issues may present challenges for insurers and actuaries, attendees at the Casualty Loss Reserve Seminar were told. Christian Coleianne, associate director and actuary, Aon …
Guy Carpenter & Co., LLC, a global risk and reinsurance specialist, has agreed to buy London-based reinsurance broker Rattner Mackenzie Limited (RML) from HCC Insurance Holdings, Inc. HCC is a specialty insurance group headquartered in Houston, Texas, with offices in …
For the first time in five years, customers are significantly happier with their homeowners insurer than they were in the past, according to market research firm J.D. Power and Associates 2009. In its newly released survey, the National Homeowners Insurance …
Congress got a look yesterday at a draft of legislation to create a federal insurance office that would work on international insurance issues as well as monitor the insurance industry and insurers for anything that might be a threat to …
America First Insurance Regional Vice President Keith Thompson has been appointed to a three-year term serving on the Board of Directors of the Louisiana Insurance Guaranty Association (LIGA). Five insurance company executives appointed by Louisiana insurers and four legislators chosen …
A nearly $700,000 agreement between the family of late Holy Cross football coach Dan Allen and two insurers for the contractor the family alleges contributed to his fatal illness has been approved by a federal judge in Massachusetts. U.S. District …
