Two suspects in California have been arrested in connection with staging automobile accidents and filing insurance claims for medical treatment they falsely claimed to have received in other countries, according to the California Department of Insurance. According to investigators, Ron …
A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York Acting Superintendent …
Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised by Apax Partners together …
A.M. Best Co. has affirmed the financial strength rating of “A”- (Excellent) and the issuer credit rating of “a-” of Hong Kong-based Wing Lung Insurance Company Limited (WLI) with a stable outlook. “The ratings reflect WLI’s adequate capitalization, consistent positive …
Customer data stolen from TJX Cos. outside Boston by computer hackers has been used to make fraudulent debit card and credit card purchases in the United States and overseas, according to the Massachusetts Bankers Association. The fraudulent purchases have been …
Chinese insurer gets $4 billion capital injection to prepare for share sale China’s biggest reinsurance company, China Reinsurance Group Co., has received a $4 billion capital injection from a government agency in preparation for a stock market debut this year, …
R. Lee Christie and Tracy Williams join Sidley Austin LLP as partners in the firm’s Tax Group, resident in the Chicago office. The new partners’ practices will focus principally on insurance tax law. Christie is a 1984 graduate of Harvard …
A.M. Best Co. has affirmed the financial strength rating of “A”- (Excellent) and the issuer credit rating (ICR) of “a-” for Hong Kong-based China International Reinsurance Company Limited (CIRe). The outlook on both ratings has been revised to stable from …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Hong Kong-based Dao Heng Insurance Company Limited (DHI) with a stable outlook. “The ratings reflect DHI’s consistent underwriting performance, solid …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI) with a stable outlook. “The ratings reflect SHKPI’s consistent and profitable …
