$14.5 Million Value of insurance policy covering Chinese Olympic hurdler Liu Xiang whose injury forced him to pull out of the Olympics. Ping An Insurance Co. issued the personal accident policy in October when Liu was named the company’s sporting …
Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and assumption of $170 million (£91 million) of Benfield net debt. The consideration represents a …
Swiss Re appointed Walter A. Bell chairman of Swiss Re America Holding Corp. Bell, whose appointment with Swiss Re is effective Sept. 2, is currently insurance commissioner of the Alabama Department of Insurance, a position he has held since 2003. …
Smoking kills. And in Connecticut, it also changes the apportionment of workers’ compensation benefits, the state’s top court has ruled. Last month, Connecticut’s Supreme Court ruled in an asbestos case that centered on permanent partial disability benefits for an insulation …
Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and the assumption of $170 million (£91 million of Benfield net debt). The consideration represents …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Commercial Property Market Detail: RISC brings to market a commercial property program designed for a …
Counterfeit auto insurance cards have been a problem for years, say Connecticut insurance officials, but recently, the department’s fraud and investigations’ divisions have been seeing seen a lot more of the cards. All Connecticut drivers are required to carry the …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B’ (Fair) and the issuer credit rating (ICR) to “a-” from “bb+” of Arkansas’ American Underwriters Insurance Company (AUIC) with stable outlooks. “These rating actions follow …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Re Group and its members. The ratings apply to General Reinsurance Corporation (Delaware) and its core P/C and …
Farmington, Connecticut-based Darwin Professional Underwriters, Inc. reports it will acquire renewal rights to Great American’ Insurance Co.’s roughly $20 million of small, standard market lawyers professional liability insurance business and related assets. Darwin currently has more than $20 million of …
