Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
The announcements from Converium have featured a lot of three’s lately. The Swiss reinsurer’s latest bulletin notes that it “triples income from continuing operations in the first quarter of 2007.” Converium posted a figure of $150.9 million, compared to $49.9 …
Swiss reinsurer Converium reported strong growth of 35 percent in its April 1 open market treaty renewals along with improved profitability. The Company said it “wrote and bound non-life contracts of $142 million, an increase of 35 percent. New and …
Converium’s management fired another salvo in its ongoing battle to prevent a takeover by France’s SCOR Group (See IJ web site April 16). The Swiss-based reinsurer has filed a lawsuit in the U.s. Court for the Southern District of New …
Standard & Poor’s Ratings Services has revised its outlook on French insurer Groupama S.A. and its core subsidiaries to positive from stable, and has affirmed its ‘A’ long-term counterparty credit and financial strength ratings. “The outlook revision reflects continuing improvement …
The management of Swiss-based reinsurer Converium issued a bulletin urging its shareholders to reject the offer by France’s SCOR Group, which has already acquired a 32.9 percent stake in Converium (See IJ web site Feb. 19, March 21 and April …
Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market and its regulatory landscape. Speaking in support of state-based insurance …
Alliance Bank, Fredericksburg Insurance Alliance Bankshares Corp., a community bank organization based in Chantilly, Va., said its subsidiary, Alliance Insurance Agency Inc., has acquired certain assets and liabilities of the Thomas Agency Inc., trading as Fredericksburg Insurance Group in a …
Nurses RRG, Florida Nurses Association Sophia Palmer Nurses Risk Retention Group, Inc. will offer malpractice insurance to Florida nurses in partnership with the Florida Nurses Association. The newly formed Risk Retention Group was capitalized by Ponce de Leon LTC RRG, …
Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the Dublin International …
