ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been appointed Country Manager, ACE …
Global insurance broker Willis Group Holdings Limited has prepared a timely comment on what is unfortunately a growth industry -kidnapping and hostage taking – particularly “among militant Islamic groups against citizens of the West.” “The challenge for Western companies with …
Texas agency insures nearly half of the nation’s cotton exports. Ted Rekerdres never intended to go into the insurance business, but an effective sales job by his father “Rek” Rekerdres, who established an independent cargo insurance brokerage in Dallas in …
A.M. Best Co. has affirmed the B+ (Very Good) financial strength rating of Tugu Insurance Company Limited (Hong Kong, China). The rating outlook is stable. The rating reflects the company’s prudent capitalization, diversified underwriting portfolio, strong liquidity and conservative investment …
2003 is looking more and more like a vintage year for European insurers, with the Netherlands ING Group reporting a nine month net profit of 3.012 billion euros ($3.54 billion). The Amsterdam-based international integrated financial services company posted an 11 …
Sovereign Risk Insurance Ltd., a joint venture between subsidiaries of XL Capital Ltd. and ACE Limited, that writes political risk policies in emerging markets, announced that its sixth year of operation had been quite successful. “For the fiscal year ending …
Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the International Insurance Society, Inc. They will be …
What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book projects. Of …
What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book projects. Of …
Standard & Poor’s Ratings Services announced that it has raised its public information insurer financial strength rating on Hong Kong-based Tugu Insurance Co. Ltd. (Tugu Insurance) to ‘Bpi’ from ‘CCCpi,’ “following the recent upward revision of the local currency sovereign …
