The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50 million for each …
All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a year for the next 10 years. The insurers …
Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase reinsurance from “affiliated companies,” who are located outside …
Specialty insurer Markel Corp., has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is headquartered in Omaha, Nebraska, operates primarily …
The Bermuda-based Argo Group International Holdings announced that it expects to report in its 2010 second quarter financial results “approximately $20 million to $25 million of estimated pre-tax loss provisions, net of reinsurance and reinstatement premium, related to spring storms …
Insurers are urging the House of Representatives to pass legislation today that would extend the National Flood Insurance Program (NFIP) for five years. The measure, HR 5114, the “Flood Insurance Reform and Priorities Act of 2010”, sponsored by Representative Maxine …
A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the Bermuda-based PartnerRe Group and its members are unchanged following the company’s recent announcements regarding further changes among the …
PartnerRe Ltd. said that it “has successfully concluded the previously announced voluntary severance plan for Paris-based employees related to the Company’s acquisition of PARIS RE in 2009.” The bulletin also indicated that the Company has now “completed the integration of …
When complete, the Great American Tower in Cincinnati, Ohio, will be the city’s tallest building, and one crowned with a tiara. City leaders celebrated Tuesday as the final piece was placed into the “grand tiara” on top of the building …
Joseph Peloso, Jr. has joined national program and specialty reinsurance intermediary GJS Re in Chicago as assistant vice president. He is responsible for producing and placing specialty reinsurance products as well as structuring insurance programs on behalf of program administrators …
