Keystone Insurers Group, with more than 215 franchise partners in six states, today announced it will expand into Tennessee early next year. The privately held company is owned by its employees and partners in Pennsylvania, North Carolina, Virginia, Indiana, Ohio …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating to Aon Corp.’s three tranches of recently priced senior debt issues. S&P said it expects that Aon will use the net proceeds from the issues in lieu of …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Ltd. The outlook for all ratings is stable. Colonial …
With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of poor ongoing …
A battle over liability insurance coverage for groups using Oregon state property is brewing, and the Northwest Civil War Council is right in the middle of it. In 2009, the Oregon State Legislature passed Senate Bill 311, which raised the …
China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector. Chinese insurers are …
The U.S. property/casualty industry experienced modest growth in premiums written but overall the industry saw deterioration in underwriting profitability in second-quarter 2010, fueled by trends among personal lines carriers. That’s according to an analysis of newly obtained statutory insurance data …
Ohio-based Westfield Insurance Group selected James R. Clay as its next group leader and CEO. Clay currently serves as insurance leader and president. He has served the company for more than 30 years in numerous capacities. Clay will replace Robert …
Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and CEO of Sunshine State Insurance Co. Inc. (SSIC), a homeowners insurance writer in Florida. Korducki succeeds John E. Rogan who is retiring after leading the company …
American International Group Inc filed an application with the Hong Kong Stock Exchange to list its Asian life insurance unit, AIA Group Ltd, a source familiar with the matter told Reuters Thursday. The application brings bailed-out AIG a step closer …
