Synergy Professional Associates has enhanced its coverage product for small, hard-to-place law firms. The Kinnelon, New Jersey-based MGA and surplus lines broker says its Lawyers Professional Liability Program now includes enhancements such as loss of earnings, disciplinary procedures, independent contractors, …
August 26, 2009 – Kinnelon, NJ – Synergy Professional Associates announces new broadened policy language to their Lawyers Professional Liability Program, which focuses on small hard-to-place law firms. The new policy provides the following coverage enhancements include Loss of Earnings; …
Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Glencoe Insurance Ltd., Stonington Insurance Co., Lantana Insurance Ltd., and Stonington Lloyd’s Insurance Co. (collectively referred to as RenRe Insurance) with stable outlooks. “The …
Warren Buffett’s Berkshire Hathaway Inc. posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets. Operating earnings for the second quarter nevertheless fell short of forecasts, reflecting lower …
Allianz disappointed investors on Friday as its property/ casualty insurance business missed expectations even as improving financial markets helped group net profit rise by a fifth in the second quarter. Net profit at Europe’s biggest insurer swelled to 1.9 billion …
DeRidder, La.-based Amerisafe Inc., which provides workers’ compensation insurance for hazardous jobs, announced that its second-quarter earnings rose slightly and handily beat analysts’ forecasts. For the April-through-June quarter, Amerisafe earned $13.7 million, or 67 cents per share, on revenue of …
For one quarter at least, Warren Buffett may look like the Oracle of Omaha again. Berkshire Hathaway Inc., Buffett’s insurance and investment company, may end six straight quarters of lower net earnings, including its first quarterly loss since 2001, when …
Shares of battered financial companies including insurer American International Group Inc. and lender CIT Group soared on Wednesday, as investors rushed to buy shares to cover short positions in the companies. AIG shares closed up 62.7 percent on the New …
American International Group’s former chief executive Hank Greenberg agreed to pay $15 million to settle government allegations that he had cooked the books to inflate the insurer’s earnings in the first half of this decade, the Securities and Exchange Commission …
Swiss Re posted a surprise second-quarter net loss on Wednesday as charges on corporate bond hedges, securitized products and its own credit spreads ate up operating returns. Zurich-based Swiss Re said it made a net loss of 381 million Swiss …
